All you do is pontificate, like the "zombie" you linked to. Post some real numbers that show corporations paying "their share and more."
Corporations contribute 7.4% of federal revenues, wage earners 84.6%, and capital gains tycoons 2.5%.
Total BS from EdtheLiar. Corporations contribute over half an employees Social Security and Medicare, so the percentage should be at least 9% higher. Then there's the little matter of corporate tax which is paid AGAIN by the individuals who own the company. It is a double tax in most cases.
Total BS from savepuberty. The government counts the corporate half of SS as the wage earner's INCOME.
Source: Congressional Budget Office.
Notes: Income categories are defined by ranking all people by their comprehensive household income adjusted for household
size--that is, divided by the square root of the household's size. (A household consists of the people who share a housing
unit, regardless of their relationships.) Quintiles, or fifths, of the income distribution contain equal numbers of people.
Comprehensive household income equals pretax cash income plus income from other sources. Pretax cash income is
the sum of wages, salaries, self-employment income, rents, taxable and nontaxable interest, dividends, realized capital
gains, cash transfer payments, and retirement benefits plus taxes paid by businesses (corporate income taxes and the
employer's share of Social Security, Medicare, and federal unemployment insurance payroll taxes) and employee contri-
butions to 401(k) retirement plans. Other sources of income include all in-kind benefits (Medicare, Medicaid, employer-
paid health insurance premiums, food stamps, school lunches and breakfasts, housing assistance, and energy assis-
tance). Households with negative income are excluded from the lowest income category but are included in the totals.
And the corporate tax is hardly a double tax, and for too many corporations it is not even a single tax!!!!!
Representation Without Taxation | U.S. PIRG
REPRESENTATION WITHOUT TAXATION
Fortune 500 Companies that Spend Big on Lobbying and Avoid Taxes
RELEASED BY: U.S. PIRG EDUCATION FUND RELEASE DATE: WEDNESDAY, JANUARY 18, 2012
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280 profitable Fortune 500 companies collectively paid an effective federal income tax rate of 18.5 percent, about half of the statutory 35 percent corporate tax rate, while receiving $223 billion in tax subsidies.
These corporations include most of the Fortune 500 companies that were consistently profitable from 2008 through 2010. Collectively they paid $250.8 billion in federal income taxes on a total of $1,352.8 billion in U.S. profits. If they had paid the statutory 35 percent tax on their profits, they would have paid an extra $223 billion. There are thousands of perfectly legal ways that corporations, with the help of armies of high-paid lawyers and accountants, can reduce their tax burden
These 280 companies spent a total of $2 billion lobbying on tax and other issues between 2008 and 2010.
We also identify the “Dirty Thirty” companies that were especially aggressive at dodging taxes and lobbying Congress. These companies so deftly exploited carve outs and loopholes in the tax code that all but one of them enjoyed a negative tax rate over the three year period of the study, while spending nearly half a billion dollars to lobby Congress on issues including tax policy. Altogether they collected $10.6 billion in tax rebates from the federal government, while skirting a total of $67.9 billion in taxes they would have paid had they paid the statutory 35 percent tax rate.
Ordinary American taxpayers and small businesses must pick up the tab when major corporations avoid their taxes. Spread out over every individual tax filer in America, the taxes avoided by the Dirty Thirty breaks down to an average of $481 per taxpayer.
Exploiting offshore tax havens – an example of tax dodging at its worst.
Loopholes that allow corporations to avoid taxes by shifting profits offshore are particularly egregious. At least 22 of the dirty thirty have reported subsidiaries in offshore tax havens like the Cayman Islands. Since profit artificially shifted offshore is often counted as “foreign” profits, this corporate tax data doesn’t reflect the amount lost due to tax havens. All told, offshore tax havens cost American taxpayers an estimated $100 billion in lost revenue every year. At least 83 of the nation’s top 100 publicly traded corporations have subsidiaries in tax haven countries.
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