25 Corporations That Pay Less Taxes Than You Do

[revelations12_12]

Why we need to close the loopholes, taxing these corporations taking advantage of our system does not make us socialists...

25 Corporations That Pay Less Taxes Than You Do | Business Pundit

Around the country every April, private citizens and most business owners scrape together 25% or more of their income and send it off to the IRS. So how is it that giant multinationals, purportedly taxed at around 35%, manage to pay close to nothing—or, in GE’s case this year, nothing—in taxes?

 

[vxtip]

When a business is taxed it doesn't come out of their pocketbook, they pass the tax on to the consumer, taxing corporations means we get taxed twice for thw stuff we buy

 

[revelations12_12]

When a business is taxed it doesn't come out of their pocketbook, they pass the tax on to the consumer, taxing corporations means we get taxed twice for thw stuff we buy

That is a lie that republican Congressmen tell their constituents, supply and demand determines prices.

 

[99percentatheism]

Why we need to close the loopholes, taxing these corporations taking advantage of our system does not make us socialists...

25 Corporations That Pay Less Taxes Than You Do | Business Pundit

What makes us socialists are the socialists trying to force our corporations to become socialist machinery.

Around the country every April, private citizens and most business owners scrape together 25% or more of their income and send it off to the IRS.

Idiots and losers maybe. Good business owners pay taxes quarterly. Corporations are people.

REPEAT: CORPORATIONS ARE PEOPLE

Even Unions are corporations. Even lefty liberal Law Firms are corporations.

So how is it that giant multinationals, purportedly taxed at around 35%, manage to pay close to nothing—or, in GE’s case this year, nothing—in taxes?

They employ people.

Corporations are people.

Employed people pay taxes!!!

How flippin' difficult is it to understand that indisputable fact????

 

[99percentatheism]

That is a lie that republican Congressmen tell their constituents, supply and demand determines prices.

Businesses pass their costs to the consumer.

DUH Economics 101

 

[99percentatheism]

When a business is taxed it doesn't come out of their pocketbook, they pass the tax on to the consumer, taxing corporations means we get taxed twice for thw stuff we buy

As the lefties dig out their Ed Schultz pod casts for the inevitable come-back sound bites.

Popcorn please? Make it the large with the free refills. Oh, and a large coke.

$19.00????

Wanna guess why?

 

[lux et lex]

Do you not see your disconnect? If Corporations are people, and people pay taxes...well I think you can fill in the rest.

 

[revelations12_12]

As the lefties dig out their Ed Schultz pod casts for the inevitable come-back sound bites.

Popcorn please? Make it the large with the free refills. Oh, and a large coke.

$19.00????

Wanna guess why?

Are you drunk? No offense I am just curious, your points are made in a loud combative belligerent way. And why if you are 99% Athiest why do you have a Christian symbol in your profile? Is that so you can still post in our forums?

 

[revelations12_12]

What makes us socialists are the socialists trying to force our corporations to become socialist machinery.



Idiots and losers maybe. Good business owners pay taxes quarterly. Corporations are people.

REPEAT: CORPORATIONS ARE PEOPLE

Even Unions are corporations. Even lefty liberal Law Firms are corporations.



They employ people.

Corporations are people.

Employed people pay taxes!!!

How flippin' difficult is it to understand that indisputable fact????

Businesses need to pay taxes on their NET profits. Payroll is an expense that comes out of their gross profits that they do not pay taxes on. The employee pays those taxes, and it is not factored in to taxes that should be payed by a corporation...

Exxon | Oil Profits | Gas Prices | The Daily Caller

Exxon is making record profits due to higher world demand, driving up the price of crude oil. Supply and demand, so why do we give them tax payer subsidies instead of making them pay taxes? Our market should be free and if those corporations want to sell us fuel then they should pay taxes on their record profits so we can maintain our roads bridges and keep our kids in school. Tax payer subsidies is not a free market.

Corporations pay their taxes,
Construction workers go back to work, new houses need built, the economy booms and let the market sort itself out due to supply and demand.

Coddling the mega corporations is not benefiting America, only allowing them to rape our country.

How is that for a sound bite?

 

[Almighty's humble servant]

Suppose, JUST ONCE, that we hold these corporations to a higher tax rate. JUST ONCE.

Maybe a 2 year trial. It's not like they're creating jobs or anything. Hold them to the same rate as small businesses(who actually create jobs) and see what happen.

People say that prices will go up. Well take a look around folks. Do we see prices dropping since these corporations are paying such little tax? I don't think so.

And while these same corporations pay LESS taxes, their profits are at record highs, all the while, they are cutting JOBS and increasing the government's burden of unemployment claims and retraining programs.

What people don't realize, especially the BRAINWASHED neocons, is that democracy flew out the window, along with the constitution more than 2 centuries ago, when your corporate barons began squeezing out the little man, enslaving him, or straight up murdering him if he was the competition.

 

[56Bluesman]

There is a difference between income and capital gains taxes, and income earned through capital gains and how it is taxed. Most of your big investors make their bread from capital gains income. Could there be reform there? Yes, but the problem would be if the small time average investor gets hammered hard as a result of an increased capital gains tax rate that is too broad. As for the class warfare going on here, some big U.S. corporations do actually employ thousands of Americans, and people overseas and have been good stewards in their business practices and ethics. I know it's hard to believe given the opinion of some folks here.

 

[Verticordious]

Don't hate the players, hate the game. You can't blame GE for running an efficient business. They're an energy company, so it doesn't take a rocket scientist to figure out that, among other things, they're getting tax credits for "green" technologies, so if you're mad at someone be mad at the liberal as they're the ones lobbying the government to fund "green" initiatives. Second, 47% of Americans didn't pay any federal taxes either, so loopholes go both ways. I think a flat tax system would be great, everyone can pay the exact same % of their income. No loop holes, no exemptions, no complaining. You earn it, you pay taxes on it. Just beware, the bottom 50% would have to start actually paying their fair share.

 

[Moxie123]

HR-25/S-13, otherwise known as the Fair Tax, abolishes all taxes we know of today and replaces them with a consumption tax on new items and services. It also abolishes the IRS with the Sixteenth Amendment to follow.

The Fair Tax is progressive because it includes a prebate for all based on family size, not income, so the poor can meet their basic needs.

Learn more at fairtax.org

Once you understand it, you'll demand it!

 

[lux et lex]

"fair tax" still ends up hitting the middle class and lower class harder that the upper class because the former two consume more of their paycheck and the latter has more in investments.

 

[Moxie123]

"fair tax" still ends up hitting the middle class and lower class harder that the upper class because the former two consume more of their paycheck and the latter has more in investments.

The Fair Tax plan removes all taxes we know of today and replaces them with a consumption tax on new items and services. This means that everybody takes home their whole paycheck. The days of withholding and tax returns are gone.

Additionally, used items, commonly purchased by the lower and middle class, are not taxed because they have been taxed already during the initial purchase.

Add in the monthly prebate available to all, and the lower and middle classes are able to meet their basic needs and save money they can use on investments and education, which are not subject to Fair Tax.

 

[Ishraqiyun]

Maybe a 2 year trial. It's not like they're creating jobs or anything. Hold them to the same rate as small businesses(who actually create jobs) and see what happen.

I think that's a great idea. Small businesses can't afford to purchase politicians to put in loopholes like the ultra wealthy can. That's why they get socked with too much of the tax burden and the top 1% get a free pass. If the top one percent own 38% of the wealth they should pay 38% of the tax burden.

 

[dcyates]

Don't hate the players, hate the game.... Second, 47% of Americans didn't pay any federal taxes either, so loopholes go both ways. I think a flat tax system would be great, everyone can pay the exact same % of their income. No loop holes, no exemptions, no complaining. You earn it, you pay taxes on it. Just beware, the bottom 50% would have to start actually paying their fair share.

I believe this is an excellent idea (or the pure consumption tax that's also been proposed). It creates a very dangerous situation nationally when you've got nearly half the population with no skin in the game. What happens when you've got 50% plus 1 of the people not paying taxes? Then it becomes very easy for that non-tax-paying majority to vote themselves all sorts of govt lollipops with the wealth-producing minority now footing the bill.

 

[Ishraqiyun]

Wealth accumulation and wealth producing are not synonymous.

 

[dcyates]

Wealth accumulation and wealth producing are not synonymous.

I honestly don't mean this in an insulting way, Ishraqiyun, but who's claiming they are?
Besides, it's more than a little impossible to accumulate wealth if it hasn't first been produced. And any incentives there are in producing wealth are evanescent when the taxes one pays after producing that wealth -- no matter the rate of taxation -- are seen to be redistributed to too many non-producers. That leads to the truth behind one of Margaret Thatcher's observations, "The problem with socialism is that eventually you run out of rich people."

 

[Moxie123]

free space -- sorry everyone