What Is "Fair Share of Taxes"?

[Wyatt earp]

I asked the military contract civilian manager at the giant base when working as a military contractor, "Why do you give me all of these unnecessary contracts near the end of the fiscal year?" She said we have to spend all of the budget so we get more money the next fiscal year. She was a nice lady who talked plain sense and I kept local people working.

I have heard guys that were in the navy saying they were dumping supplies overboard before getting in port for that very reason.


Navy Carrier dumping good plane parts into ocean to spare budget cuts [Archive] - Northeastshooters.com Forums


Property Dumped in Sea, Report Says : Abuse of Supply System on Navy Carrier Alleged

 

[francoHFW]

What Is "Fair Share of Taxes"?
As long as you keep pushing a tax scheme where some people pay for more than they get from govt, and others pay for less than what they get, you will never find agreement that it's "fair".

.The^^ bleat of the shortsighted, selfish GOPer..

TRANSLATION: I can't refute your point, but I hate it anyway. So I'll call it names, and call you names, and try to pretend there was something wrong with what you said even though I can't actually find anything. And maybe I can get somebody, somewhere to believe me instead of you.

Despite GOP BS, only they are obsessed with what people "get"...

Oh really? Who is always bleating about the 1% and how much of the nation's wealth the receive?

People who know what they're talking about, and aren't brainwashed by the greedy idiot billionaire GOP.

 

[francoHFW]

Teah it

I don't know the answer to that question (or actually I do, but prefer not to always bring up that round number that regressives represent), but I can tell you that according to leftists 70 % is not even nearly enough. Actually, the state should own you completely 100 %.

Not you but billionaires, fool. Only way to cut ridiculous CEO pay. Ay caramba.

What is funny is that CEOs make much less overseas....you don't see them shipping out those jobs

has nothing to do with the fact that almost every other country has a lower corporate tax rate

Tell how does some CEOs salary effect your paycheck?

Do you really think that if every CEO was forced to get a pay cut by the government that you would magically make more money?

...and a higher EFFECTIVE rate, dupe. And yes.

 

[rightwinger]

I asked the military contract civilian manager at the giant base when working as a military contractor, "Why do you give me all of these unnecessary contracts near the end of the fiscal year?" She said we have to spend all of the budget so we get more money the next fiscal year. She was a nice lady who talked plain sense and I kept local people working.

I have heard guys that were in the navy saying they were dumping supplies overboard before getting in port for that very reason.


Navy Carrier dumping good plane parts into ocean to spare budget cuts [Archive] - Northeastshooters.com Forums


Property Dumped in Sea, Report Says : Abuse of Supply System on Navy Carrier Alleged

They should go to prison for that

 

[JoeNormal]

Teah it

I don't know the answer to that question (or actually I do, but prefer not to always bring up that round number that regressives represent), but I can tell you that according to leftists 70 % is not even nearly enough. Actually, the state should own you completely 100 %.

Not you but billionaires, fool. Only way to cut ridiculous CEO pay. Ay caramba.

What is funny is that CEOs make much less overseas....you don't see them shipping out those jobs

has nothing to do with the fact that almost every other country has a lower corporate tax rate

Tell how does some CEOs salary effect your paycheck?

Do you really think that if every CEO was forced to get a pay cut by the government that you would magically make more money?

Trying to sell that lie again?

No, we do not have the highest corporate tax rate. Our effective tax rate which is after all deductions are taken, puts our corporations at less than the average rate of industrialized countries

Same pot of money. Corporations tell employees times are tough and they will have to make do with less......meanwhile, they jack up executive pay

Corporate Income Tax Rates around the World, 2015

The United States Has the Third Highest Corporate Tax Rate among 173 Nations

And what private companies pay their employees is not your concern. If any employee doesn't like the way the company they work for is run they are free to work elsewhere

Executives have that same freedom. Of course, since they generally work within the old boy network, they seldom need it.

 

[Little-Acorn]

There’s No ‘Fair Share’ of Taxation

To be clear: I don’t want anyone to be forced to pay their “fair share” – because there is no such thing as a “fair” share of redistributionist taxation. Not one of us “owes” anyone else a thing, except goodwill and mutual respect for each others’ rights.


The problem is we have a welfare state – huge and unaccountable and utterly out-of-control.

I agree.

As long as you keep pushing a tax scheme where some people pay for more than they get from govt, and others pay for less than what they get, you will never find agreement that it's "fair".

Legitimate government takes in taxes to pay for the legitimate functions of government - in our case, the functions specified in the Constitution. And no more.

Wealth transfer, health insurance, environmental "protection", workplace standards etc. aren't among them.

 

[francoHFW]

Teah it

Not you but billionaires, fool. Only way to cut ridiculous CEO pay. Ay caramba.

What is funny is that CEOs make much less overseas....you don't see them shipping out those jobs

has nothing to do with the fact that almost every other country has a lower corporate tax rate

Tell how does some CEOs salary effect your paycheck?

Do you really think that if every CEO was forced to get a pay cut by the government that you would magically make more money?

Trying to sell that lie again?

No, we do not have the highest corporate tax rate. Our effective tax rate which is after all deductions are taken, puts our corporations at less than the average rate of industrialized countries

Same pot of money. Corporations tell employees times are tough and they will have to make do with less......meanwhile, they jack up executive pay

Corporate Income Tax Rates around the World, 2015

The United States Has the Third Highest Corporate Tax Rate among 173 Nations

And what private companies pay their employees is not your concern. If any employee doesn't like the way the company they work for is run they are free to work elsewhere

Executives have that same freedom. Of course, since they generally work within the old boy network, they seldom need it.

Yup, the dupes parrot the bs about a theoretical corporate tax rate while the ACTUAL average rate is 12%. It's not the concern of us drones anyway lol.

 

[Skull Pilot]

Teah it

Not you but billionaires, fool. Only way to cut ridiculous CEO pay. Ay caramba.

What is funny is that CEOs make much less overseas....you don't see them shipping out those jobs

has nothing to do with the fact that almost every other country has a lower corporate tax rate

Tell how does some CEOs salary effect your paycheck?

Do you really think that if every CEO was forced to get a pay cut by the government that you would magically make more money?

Trying to sell that lie again?

No, we do not have the highest corporate tax rate. Our effective tax rate which is after all deductions are taken, puts our corporations at less than the average rate of industrialized countries

Same pot of money. Corporations tell employees times are tough and they will have to make do with less......meanwhile, they jack up executive pay

Corporate Income Tax Rates around the World, 2015

The United States Has the Third Highest Corporate Tax Rate among 173 Nations

And what private companies pay their employees is not your concern. If any employee doesn't like the way the company they work for is run they are free to work elsewhere

Executives have that same freedom. Of course, since they generally work within the old boy network, they seldom need it.

SO what?

 

[Skull Pilot]

Teah it

What is funny is that CEOs make much less overseas....you don't see them shipping out those jobs

has nothing to do with the fact that almost every other country has a lower corporate tax rate

Tell how does some CEOs salary effect your paycheck?

Do you really think that if every CEO was forced to get a pay cut by the government that you would magically make more money?

Trying to sell that lie again?

No, we do not have the highest corporate tax rate. Our effective tax rate which is after all deductions are taken, puts our corporations at less than the average rate of industrialized countries

Same pot of money. Corporations tell employees times are tough and they will have to make do with less......meanwhile, they jack up executive pay

Corporate Income Tax Rates around the World, 2015

The United States Has the Third Highest Corporate Tax Rate among 173 Nations

And what private companies pay their employees is not your concern. If any employee doesn't like the way the company they work for is run they are free to work elsewhere

Executives have that same freedom. Of course, since they generally work within the old boy network, they seldom need it.

Yup, the dupes parrot the bs about a theoretical corporate tax rate while the ACTUAL average rate is 12%. It's not the concern of us drones anyway lol.

So tell me if corps here only pay 12% then why would a company like Pfizer relocate to Ireland where the corporate tax rate is 12%?

 

[francoHFW]

Teah it
has nothing to do with the fact that almost every other country has a lower corporate tax rate

Tell how does some CEOs salary effect your paycheck?

Do you really think that if every CEO was forced to get a pay cut by the government that you would magically make more money?

Trying to sell that lie again?

No, we do not have the highest corporate tax rate. Our effective tax rate which is after all deductions are taken, puts our corporations at less than the average rate of industrialized countries

Same pot of money. Corporations tell employees times are tough and they will have to make do with less......meanwhile, they jack up executive pay

Corporate Income Tax Rates around the World, 2015

The United States Has the Third Highest Corporate Tax Rate among 173 Nations

And what private companies pay their employees is not your concern. If any employee doesn't like the way the company they work for is run they are free to work elsewhere

Executives have that same freedom. Of course, since they generally work within the old boy network, they seldom need it.

Yup, the dupes parrot the bs about a theoretical corporate tax rate while the ACTUAL average rate is 12%. It's not the concern of us drones anyway lol.

So tell me if corps here only pay 12% then why would a company like Pfizer relocate to Ireland where the corporate tax rate is 12%?

AVERAGE 12% rate. Maybe they're worried Dems might finally make them pay their fair share on their ridiculous profits...Giant corps often pay less than that 12% while small corps without batteries of lawyers and lobbyists miss out on the loopholes...Great job, corrupt Pubs and silly dupes.

 

[Skull Pilot]

Trying to sell that lie again?

No, we do not have the highest corporate tax rate. Our effective tax rate which is after all deductions are taken, puts our corporations at less than the average rate of industrialized countries

Same pot of money. Corporations tell employees times are tough and they will have to make do with less......meanwhile, they jack up executive pay

Corporate Income Tax Rates around the World, 2015

The United States Has the Third Highest Corporate Tax Rate among 173 Nations

And what private companies pay their employees is not your concern. If any employee doesn't like the way the company they work for is run they are free to work elsewhere

Executives have that same freedom. Of course, since they generally work within the old boy network, they seldom need it.

Yup, the dupes parrot the bs about a theoretical corporate tax rate while the ACTUAL average rate is 12%. It's not the concern of us drones anyway lol.

So tell me if corps here only pay 12% then why would a company like Pfizer relocate to Ireland where the corporate tax rate is 12%?

AVERAGE 12% rate. Maybe they're worried Dems might finally make them pay their fair share on their ridiculous profits...Giant corps often pay less than that 12% while small corps without batteries of lawyers and lobbyists miss out on the loopholes...Great job, corrupt Pubs and silly dupes.

So then if corps pay so little in taxes why do any of them move to countries with lower rates?

I won't hold my breath for an answer

 

[Wilbur Right]

Here ya go skull. Why Pfizer moved.


At the centre of Pfizer’s decision to move its tax base is the distinctive US system of worldwide taxation, which means that companies pay extra tax when they repatriate foreign profits, giving them an incentive to leave them offshore. The inversion will help Pfizer unlock offshore profits of at least $128bn, potentially saving tens of billions of dollars of tax.

Ireland’s system — where tax is due only on business conducted in the country — means Pfizer would not face any extra tax bills on its foreign profits in the future. Any extra tax paid at Ireland’s 12.5 per cent rate would depend on whether the tie-up resulted in extra activity in Ireland, where Pfizer will have its principal executive office. Its global operational headquarters will be in New York.

The company has $74bn of foreign profits that are deemed to be “permanently reinvested” overseas, on which it has not earmarked deferred tax. It has another pot of profits — worth at least $54bn — on which it has earmarked $21bn of “deferred” tax in case it needed to bring the money back to the US.

The merger with Allergan will allow Pfizer to scrap this $21bn deferred tax liability, creating a one-off boost to its earnings. Kevin Phillips of Moore Stephens, a professional services firm, said: “The challenge would be to secure this benefit without also crystallising a taxable gain in the US as Pfizer transferred its foreign subsidiaries into the ownership of its new holding company.”

 

[francoHFW]

It's pretty complicated...so much easier to just say it's not our business, right, dupe? One things for sure, the lying, thieving, bought off New BS GOP and the dupes are on the wrong side. Like every other issue. See sig.

 

[francoHFW]

Here ya go skull. Why Pfizer moved.


At the centre of Pfizer’s decision to move its tax base is the distinctive US system of worldwide taxation, which means that companies pay extra tax when they repatriate foreign profits, giving them an incentive to leave them offshore. The inversion will help Pfizer unlock offshore profits of at least $128bn, potentially saving tens of billions of dollars of tax.

Ireland’s system — where tax is due only on business conducted in the country — means Pfizer would not face any extra tax bills on its foreign profits in the future. Any extra tax paid at Ireland’s 12.5 per cent rate would depend on whether the tie-up resulted in extra activity in Ireland, where Pfizer will have its principal executive office. Its global operational headquarters will be in New York.

The company has $74bn of foreign profits that are deemed to be “permanently reinvested” overseas, on which it has not earmarked deferred tax. It has another pot of profits — worth at least $54bn — on which it has earmarked $21bn of “deferred” tax in case it needed to bring the money back to the US.

The merger with Allergan will allow Pfizer to scrap this $21bn deferred tax liability, creating a one-off boost to its earnings. Kevin Phillips of Moore Stephens, a professional services firm, said: “The challenge would be to secure this benefit without also crystallising a taxable gain in the US as Pfizer transferred its foreign subsidiaries into the ownership of its new holding company.”

And Obama has stopped it.

 

[Skull Pilot]

Here ya go skull. Why Pfizer moved.


At the centre of Pfizer’s decision to move its tax base is the distinctive US system of worldwide taxation, which means that companies pay extra tax when they repatriate foreign profits, giving them an incentive to leave them offshore. The inversion will help Pfizer unlock offshore profits of at least $128bn, potentially saving tens of billions of dollars of tax.

Ireland’s system — where tax is due only on business conducted in the country — means Pfizer would not face any extra tax bills on its foreign profits in the future. Any extra tax paid at Ireland’s 12.5 per cent rate would depend on whether the tie-up resulted in extra activity in Ireland, where Pfizer will have its principal executive office. Its global operational headquarters will be in New York.

The company has $74bn of foreign profits that are deemed to be “permanently reinvested” overseas, on which it has not earmarked deferred tax. It has another pot of profits — worth at least $54bn — on which it has earmarked $21bn of “deferred” tax in case it needed to bring the money back to the US.

The merger with Allergan will allow Pfizer to scrap this $21bn deferred tax liability, creating a one-off boost to its earnings. Kevin Phillips of Moore Stephens, a professional services firm, said: “The challenge would be to secure this benefit without also crystallising a taxable gain in the US as Pfizer transferred its foreign subsidiaries into the ownership of its new holding company.”

So they pay less in taxes

Just what I thought

 

[francoHFW]

Here ya go skull. Why Pfizer moved.


At the centre of Pfizer’s decision to move its tax base is the distinctive US system of worldwide taxation, which means that companies pay extra tax when they repatriate foreign profits, giving them an incentive to leave them offshore. The inversion will help Pfizer unlock offshore profits of at least $128bn, potentially saving tens of billions of dollars of tax.

Ireland’s system — where tax is due only on business conducted in the country — means Pfizer would not face any extra tax bills on its foreign profits in the future. Any extra tax paid at Ireland’s 12.5 per cent rate would depend on whether the tie-up resulted in extra activity in Ireland, where Pfizer will have its principal executive office. Its global operational headquarters will be in New York.

The company has $74bn of foreign profits that are deemed to be “permanently reinvested” overseas, on which it has not earmarked deferred tax. It has another pot of profits — worth at least $54bn — on which it has earmarked $21bn of “deferred” tax in case it needed to bring the money back to the US.

The merger with Allergan will allow Pfizer to scrap this $21bn deferred tax liability, creating a one-off boost to its earnings. Kevin Phillips of Moore Stephens, a professional services firm, said: “The challenge would be to secure this benefit without also crystallising a taxable gain in the US as Pfizer transferred its foreign subsidiaries into the ownership of its new holding company.”

And Obama has stopped it.

Thanks , Wilbur. After 9 years, I'm tired of searching for the wimpy MSM fact among the hundreds of RW BS sites, and prefer to just scream at the dupes lol. See sig, last line.

 

[francoHFW]

Here ya go skull. Why Pfizer moved.


At the centre of Pfizer’s decision to move its tax base is the distinctive US system of worldwide taxation, which means that companies pay extra tax when they repatriate foreign profits, giving them an incentive to leave them offshore. The inversion will help Pfizer unlock offshore profits of at least $128bn, potentially saving tens of billions of dollars of tax.

Ireland’s system — where tax is due only on business conducted in the country — means Pfizer would not face any extra tax bills on its foreign profits in the future. Any extra tax paid at Ireland’s 12.5 per cent rate would depend on whether the tie-up resulted in extra activity in Ireland, where Pfizer will have its principal executive office. Its global operational headquarters will be in New York.

The company has $74bn of foreign profits that are deemed to be “permanently reinvested” overseas, on which it has not earmarked deferred tax. It has another pot of profits — worth at least $54bn — on which it has earmarked $21bn of “deferred” tax in case it needed to bring the money back to the US.

The merger with Allergan will allow Pfizer to scrap this $21bn deferred tax liability, creating a one-off boost to its earnings. Kevin Phillips of Moore Stephens, a professional services firm, said: “The challenge would be to secure this benefit without also crystallising a taxable gain in the US as Pfizer transferred its foreign subsidiaries into the ownership of its new holding company.”

So they pay less in taxes

Just what I thought

And screw over the country that made their company possible....

 

[Skull Pilot]

Here ya go skull. Why Pfizer moved.


At the centre of Pfizer’s decision to move its tax base is the distinctive US system of worldwide taxation, which means that companies pay extra tax when they repatriate foreign profits, giving them an incentive to leave them offshore. The inversion will help Pfizer unlock offshore profits of at least $128bn, potentially saving tens of billions of dollars of tax.

Ireland’s system — where tax is due only on business conducted in the country — means Pfizer would not face any extra tax bills on its foreign profits in the future. Any extra tax paid at Ireland’s 12.5 per cent rate would depend on whether the tie-up resulted in extra activity in Ireland, where Pfizer will have its principal executive office. Its global operational headquarters will be in New York.

The company has $74bn of foreign profits that are deemed to be “permanently reinvested” overseas, on which it has not earmarked deferred tax. It has another pot of profits — worth at least $54bn — on which it has earmarked $21bn of “deferred” tax in case it needed to bring the money back to the US.

The merger with Allergan will allow Pfizer to scrap this $21bn deferred tax liability, creating a one-off boost to its earnings. Kevin Phillips of Moore Stephens, a professional services firm, said: “The challenge would be to secure this benefit without also crystallising a taxable gain in the US as Pfizer transferred its foreign subsidiaries into the ownership of its new holding company.”

So they pay less in taxes

Just what I thought

And screw over the country that made their company possible....

So what?

A company has no obligation to any country

 

[francoHFW]

Here ya go skull. Why Pfizer moved.


At the centre of Pfizer’s decision to move its tax base is the distinctive US system of worldwide taxation, which means that companies pay extra tax when they repatriate foreign profits, giving them an incentive to leave them offshore. The inversion will help Pfizer unlock offshore profits of at least $128bn, potentially saving tens of billions of dollars of tax.

Ireland’s system — where tax is due only on business conducted in the country — means Pfizer would not face any extra tax bills on its foreign profits in the future. Any extra tax paid at Ireland’s 12.5 per cent rate would depend on whether the tie-up resulted in extra activity in Ireland, where Pfizer will have its principal executive office. Its global operational headquarters will be in New York.

The company has $74bn of foreign profits that are deemed to be “permanently reinvested” overseas, on which it has not earmarked deferred tax. It has another pot of profits — worth at least $54bn — on which it has earmarked $21bn of “deferred” tax in case it needed to bring the money back to the US.

The merger with Allergan will allow Pfizer to scrap this $21bn deferred tax liability, creating a one-off boost to its earnings. Kevin Phillips of Moore Stephens, a professional services firm, said: “The challenge would be to secure this benefit without also crystallising a taxable gain in the US as Pfizer transferred its foreign subsidiaries into the ownership of its new holding company.”

So they pay less in taxes

Just what I thought

And screw over the country that made their company possible....

So what?

A company has no obligation to any country

So easy to be a dupe lol....

 

[Skull Pilot]

Here ya go skull. Why Pfizer moved.


At the centre of Pfizer’s decision to move its tax base is the distinctive US system of worldwide taxation, which means that companies pay extra tax when they repatriate foreign profits, giving them an incentive to leave them offshore. The inversion will help Pfizer unlock offshore profits of at least $128bn, potentially saving tens of billions of dollars of tax.

Ireland’s system — where tax is due only on business conducted in the country — means Pfizer would not face any extra tax bills on its foreign profits in the future. Any extra tax paid at Ireland’s 12.5 per cent rate would depend on whether the tie-up resulted in extra activity in Ireland, where Pfizer will have its principal executive office. Its global operational headquarters will be in New York.

The company has $74bn of foreign profits that are deemed to be “permanently reinvested” overseas, on which it has not earmarked deferred tax. It has another pot of profits — worth at least $54bn — on which it has earmarked $21bn of “deferred” tax in case it needed to bring the money back to the US.

The merger with Allergan will allow Pfizer to scrap this $21bn deferred tax liability, creating a one-off boost to its earnings. Kevin Phillips of Moore Stephens, a professional services firm, said: “The challenge would be to secure this benefit without also crystallising a taxable gain in the US as Pfizer transferred its foreign subsidiaries into the ownership of its new holding company.”

So they pay less in taxes

Just what I thought

And screw over the country that made their company possible....

So what?

A company has no obligation to any country

So easy to be a dupe lol....

I hate to tell you this but I belong to no political party

It's you sheep that are the dupes

Tell me why should any business that has the means not relocate to a place that is more welcoming and allows them to make more and keep more of their money?

If the US wanted businesses to stay they would show it by making it easier for businesses to operate here that would also result in more businesses starting and relocating here

But as usual we are too ******* shortsighted because of envious pricks like you