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Corporations already pay most of the taxes
Saturday, May 16, 2009 6:46 AM PDT
Taxing the large or small corporations prevents them from expanding and employing more people.
They also pass this expense on to the product, so you are going to be paying more for whatever they produce.
These are the big bad guys — the way the media writes, they should be put out of business. So, who will you work for? No General Mills, no Ford Motor Company, no GMC, no Pacific Bell, no cell phone companies, no Shell Gas Company, no KFC, no PG&E. Where do you think you are going to work? Who will pay for your insurance? Who will give you paid vacations?
Low-income people do not pay any taxes. They get a renters credit, when they pay nothing in taxes.
Ninety percent of the taxes are paid by the bad corporations and the upper income people already. I don't see how they can pay much more without our country becoming a socialist country where the government controls everything, including your mind.
Pauline Meyer
Acampo
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Rhodie wrote on May 22, 2009 12:37 PM:
From my link:
"The report, commissioned by several labor-friendly Democratic Senators who pretty much knew based on previous studies what it would say"
From your (voter's) link:
"according to Democratic Sens. Carl Levin of Michigan and Byron Dorgan of North Dakota, who requested the GAO study."
The report was produced at the request of the anti-business demo's during the Bush years. The article cited was a year old (august 2008). "
dyan wrote on May 22, 2009 8:28 AM:
Cogito wrote on May 18, 2009 4:27 PM:
voter wrote on May 18, 2009 3:10 PM:
Rhodie, A LOT of corporations are shifting profits off shore and many others (including several locals) are using tax credits earned for the most ridiculous things to avoid paying taxes on huge incomes. Yes, there will be some that earned no profit for one year, including some formed only as a means to avoid taxation. In a healthy economy with a healthy and fair tax structure, it should not amount to 2/3 of the corporate world.
Many corporations are very good citizens of the American and global economies. They pay their fair share of taxes, contribute to charitable causes, and compensate their employees well. This is the model we need to protect and support. Unfortunately, I think, it has become the exception rather than the rule. "
Rhodie wrote on May 18, 2009 7:22 AM:
No Voter, I don't think that 2/3 of the corporations rana loss in 2005. But what your report says is that 2/3 didn't pay taxes "for at least one year between 1998 and 2005." In seven years I can believe that many businesses had at least one bad year. Take into account corp. where the individual pays the taxes not the business, non profits and the high number of small corps that go out of business every year then the 2/3 number is easily understandable.
Are there SOME evading taxes, I'm sure. Are 2/3 evading taxes no.
How come left-wing liberal sites are accaptable to you as truthful but rightwing are not? The report was sponsored by anti-business demos so what do you think the report was going to say? It could have found business were growing all over and the sponsors would have declared that corporations were eliminating the possibilities of competition. "
danielh wrote on May 18, 2009 12:38 AM:
wtf wrote on May 17, 2009 9:44 PM:
The mega wealthy had their day in the sun with Reagan's "trickle down" economics and look at the mess we're in now.
Still say Ron Paul had it right:
Tax NO ONE - that includes rich and poor alike. "
wtf wrote on May 17, 2009 9:43 PM:
Have to agree with you on that one. LOL! I can't remember them all; but there were more tax scofflaws than the two you listed...it was getting to the point that anyone nominated was nixed due to "tax issues"
Regarding who pays what....basically, it's all relative. This isn't exact, just an example:
10% of 10,000,000 is 1,000,000 "
Cogito wrote on May 17, 2009 9:00 PM:
Cogito wrote on May 17, 2009 8:53 PM:
voter wrote on May 17, 2009 8:41 PM:
Cogito wrote on May 17, 2009 8:27 PM:
Rhodie wrote on May 17, 2009 8:09 PM:
"The Government Accountability Office said 72 percent of all foreign corporations and about 57 percent of U.S. companies doing business in the United States paid no federal income taxes for at least one year between 1998 and 2005."
If you read the actual report those most of those coprporations who did not pay taxes had tax credits due them for loses posted the previous year, small mom and pop Corps. who, while the corporation didn't pay taxes the owners did through the legally established Corporation tax laws. Also Not-for profits are included in the study.
A counter argument to the corporations pay no taxes is found at http://www.realclearmarkets.com/articles/2008/08/do_corporations_really_pay_no.html "
wtf wrote on May 17, 2009 8:01 PM:
It seems like the corporations you're referring to are tax loopholes for ***personal*** income tax; not to mention they sound like "private" corporations rather than the "public" corporations we've been discussing.
BIG difference. "
wtf wrote on May 17, 2009 5:45 PM:
Regardless, it must be pointed out that nowhere are corporations mentioned in The Constitution of the United States of America; so I have to wonder if "corporations" since they're treated as "persons" are even technically legal.
Good article here:
http://lastfreevoice.wordpress.com/2009/05/11/the-corporate-person/ "
Cogito wrote on May 17, 2009 3:59 PM:
Cogito wrote on May 17, 2009 3:47 PM:
Cogito wrote on May 17, 2009 3:36 PM:
Ivan Dixon wrote on May 17, 2009 2:01 PM:
wtf wrote on May 17, 2009 12:19 PM:
GM shares fall to 76-year low after execs dump stock
http://www.freedomsphoenix.com/Find-Freedom.htm?At=0056895&From=News "
wtf wrote on May 17, 2009 11:29 AM:
Why, thank you, Leonard. What a nice compliment!
Estonia regained its independence on 20 August 1991. It has since embarked on a rapid program of social and economic reform. Today, the country has gained recognition for its economic freedom, its adaptation of new technologies and it used to be one of the world's fastest growing economies for several years. "
wtf wrote on May 17, 2009 11:24 AM:
http://www.theinternationalforecaster.com/International_Forecaster_Weekly/Get_Rid_of_The_Fed_And_Purge_The_System "
Leonard wrote on May 17, 2009 11:23 AM:
Leonard wrote on May 17, 2009 11:13 AM:
And now he’s hoping to get help from a President(MADE IN KENYA)
An ironic charge from a supporter of the Estonian Ron Paul. "
wtf wrote on May 17, 2009 11:02 AM:
(MADE IN MALASIA) John decided to relax for awhile.
He put on his sandals, (MADE IN BRAZIL)
poured himself a glass of wine (MADE IN FRANCE)
and turned on his T.V.(MADE IN INDONESIA)
And then wondered why he can’t find a good job in AMERICA.
And now he’s hoping to get help from a President(MADE IN KENYA) "
wtf wrote on May 17, 2009 11:02 AM:
John Smith started the day early having set his alarm clock (MADE IN JAPAN) for 6 A.M.
While his coffeepot(MADE IN CHINA) was perking,
he shaved with his Electric Razor(MADE IN HONG KONG)
He put on a dress shirt (MADE IN SRI LANKA), and designer jeans (MADE IN SINGAPORE)and Tennis Shoes (MADE IN KOREA)
After cooking breakfast in his new electric skillet(MADE IN INDIA)
He sat down with his calculator(MADE IN MEXICO)
to see how much he could spend that day.
After setting his watch(MADE IN TAIWAN)
to the radio(MADE IN INDIA)
He got into his car(MADE IN GERMANY)
Filled it with gas(FROM SAUDI ARABIA)
And continued his search for a good paying AMERICAN JOB
(cont) "
Cogito wrote on May 17, 2009 10:59 AM:
wtf wrote on May 17, 2009 10:40 AM:
wtf wrote on May 17, 2009 10:39 AM:
"The letters sent by GM didn't say the company would be declaring bankruptcy, but the move indicates it probably will be the end of the month...."
http://www.reuters.com/article/bigMoney/idUS197637279320090516 "
wtf wrote on May 17, 2009 10:37 AM:
American tax payers to bail out GM's Brazil Operations.
Nov 28, 2008
Why does this not surprise me? The American tax payer is being asked to bail out the American Auto makers just so they can beef up their plants in other countries. And you know what? Our Congressmen are going to give them the money! Then of course since the money will be spent outside of Detroit the Big 3 will have to come back to Washington with their hand out saying they need more money to keep the plants in Detroit open and save American jobs.
http://greensboring.com/viewtopic.php?f=17&t=9513
GM gets more bailout money
http://abclocal.go.com/wabc/story?section=news/business&id=6778752 "
Cogito wrote on May 17, 2009 10:27 AM:
wtf wrote on May 17, 2009 10:24 AM:
The $150 billion for corporate subsidies and tax benefits eclipses the annual budget deficit of $130 billion...After World War II, the nation's tax bill was roughly split between corporations and individuals. But after years of changes in the federal tax code and international economy, the corporate share of taxes has declined to a fourth the amount individuals pay, according to the US Office of Management and Budget." --Boston Globe series on Corporate Welfare"
http://www.corporations.org/welfare/
http://www.corporations.org/welfare/#globe
And prices rise because corporations have to pay taxes? Maybe a little bit; but overall, we **all** pay higher prices due to inflation.
"A so-called "mild" rate of inflation of 3% per year leads to a 56% rise in prices over a 15-year period. Even a "low" rate of inflation of 2% per year leads to a 35% rise over that same period. How is that conducive to long-term growth?"
http://www.forbes.com/2009/05/15/audit-the-fed-opinions-contributors-ron-paul.html "
wtf wrote on May 17, 2009 10:23 AM:
OK. But what if they're an **American** corporation outsourcing for cheap labor? Would the tariff apply? American workers don't get the jobs, the corporations pay starvation wages to third-worlders; but aren't these businesses considered "American"? "
voter wrote on May 17, 2009 10:15 AM:
Cogito wrote on May 17, 2009 9:48 AM:
Cogito wrote on May 17, 2009 9:44 AM:
Cogito wrote on May 17, 2009 9:36 AM:
Cogito wrote on May 17, 2009 9:28 AM:
Cogito wrote on May 17, 2009 9:25 AM:
Cogito wrote on May 17, 2009 9:23 AM:
Rhodie wrote on May 17, 2009 9:13 AM:
Mazie wrote on May 17, 2009 7:58 AM:
Leonard wrote on May 17, 2009 6:59 AM:
" Leonard, "before we turn to their corporate competitors", exactly. And those competitors are highly likely to be foreign.
Call me crazy, but why not extend the tax that American companies pay to do business in America to all companies that do business in America? As Voter pointed out, their are many companies in America that pay no corporate tax.
Why not level the playing field, so to speak. "
KenH wrote on May 17, 2009 5:54 AM:
KenH wrote on May 17, 2009 5:52 AM:
Lodian wrote on May 16, 2009 9:19 PM:
Mazie: I thought you said Obama is the messiah. Make up your mind. "
Cogito wrote on May 16, 2009 7:44 PM:
Leonard wrote on May 16, 2009 7:23 PM:
" Leave Pauline alone. She is correct.
This from a woman who thinks that Obama is literally Satan.
Mazie, the forum for the mentally ill is over at Fox News. "
Leonard wrote on May 16, 2009 7:21 PM:
" Leonard, if the government raises taxes on Microsoft, or any other corporation, they pass the increases on to the consumer, so we pay it.
Prices are determined by what the market will bear. Microshaft can only charge so much before people turn to their corporate competitors or (shudder), LINUX. "
Cogito wrote on May 16, 2009 6:38 PM:
Cogito wrote on May 16, 2009 6:33 PM:
danielh wrote on May 16, 2009 12:47 PM:
In a corporation, taxes are estimated and figured right into the expense column. "
wtf wrote on May 16, 2009 10:00 AM:
Subsidies = Corporate Welfare.
Result? Taxes: 0 "
wtf wrote on May 16, 2009 9:58 AM:
Mazie wrote on May 16, 2009 9:33 AM:
voter wrote on May 16, 2009 9:14 AM:
yeah you wrote on May 16, 2009 9:03 AM:
Cogito wrote on May 16, 2009 8:01 AM:
Cogito wrote on May 16, 2009 7:57 AM:
Leonard wrote on May 16, 2009 6:21 AM:
Leonard wrote on May 16, 2009 6:18 AM:
To truly lower their tax rate we would have to institute a plan that would include some of the following. Slashing defense spending, converting all federal roads including freeways to toll roads, slashing funding for veterans, closing national parks, eliminating federal disaster relief and greatly raising the taxes on Pauline Meyer.
These cuts would still be necessary even after you had eliminated entirely the pet peeves of the far rights such as NPR, the NEA and pre school for poor kids since these programs only make up a tiny portion of discretionary federal spending. "
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