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Thread: Obama Team Eyes Employer Payroll Tax Break

  1. #131
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by apdst View Post
    The low end rate is 15%. I think the problem is your knowledge of the facts.
    The low end rate before or after loop holes? I'm talking about the taxes of businesses who are suppose to be charged approx 35% that pay only around 10% because of loop holes and subsides.
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  2. #132
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by apdst View Post
    So, the whole, "corporations don't pay taxes", bull**** is just that...bull****. Agreed?
    Yeah, I agree.

    Now, for 2010, U.S. corporations had profits after taxes of about $1.4 trillion (Corporations printing money). The IRS collected $225 billion gross from the corporate income tax in Fiscal Year 2009 (Corporate Skinflints). That comes to an effective tax rate of about 14%, which is well below the Chicken Little rhetoric figure of 35% one often hears trumpeted by anti-tax crusaders. Would you agree?
    Last edited by Ahlevah; 06-17-11 at 02:02 AM.
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  3. #133
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by xpiher View Post
    The low end rate before or after loop holes? I'm talking about the taxes of businesses who are suppose to be charged approx 35% that pay only around 10% because of loop holes and subsides.
    It's the low end rate, period. A companies rate may go down, because their net profit goes down, after deductions, but 15% is the basement rate.

    You're buying into too much of the Libbo propaganda about the, "evil corporations".

  4. #134
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by Ahlevah View Post
    Yeah, I agree.

    Now, for 2010, U.S. corporations had profits after taxes of about $1.4 trillion (Corporations printing money). The IRS collected $225 billion gross from the corporate income tax in Fiscal Year 2009. (Corporate Skinflints). That comes to an effective tax rate of about 14%, which is well below the Chicken Little rhetoric figure of 35% one often hears trumpeted by anti-tax crusaders. Would you agree?
    I bet if we knew the truth vice the Libbo propaganda, the story would be quite different.

  5. #135
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    Re: Obama Team Eyes Employer Payroll Tax Break


  6. #136
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    Re: Obama Team Eyes Employer Payroll Tax Break

    nyt today, via cnbc:

    Wall Street plans to get smaller this summer. Faced with weak markets and uncertainty over regulations, many of the biggest firms are preparing for deep cuts in jobs and other costs.

    The cutback plans are emerging even as Wall Street firms have mostly recovered from the financial crisis and are reporting substantial profits again. But those profits are not as big as they were before the crisis, and it is expected that in the coming months it will be even more difficult for firms to make money. Worries about debt in Europe and the shape that the Dodd-Frank financial overhaul rules will ultimately take, combined with the usual summer doldrums, are prompting banks to act.
    Wall St Braces for Layoffs as Profits Wane

    who ya gonna tax these days?

    what have we come to?
    Last edited by The Prof; 06-17-11 at 11:44 AM.

  7. #137
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    Re: Obama Team Eyes Employer Payroll Tax Break

    Quote Originally Posted by The Prof View Post
    nyt today, via cnbc:



    Wall St Braces for Layoffs as Profits Wane

    who ya gonna tax these days?

    what have we come to?

    The question is: Is Europe going to be affected and if so, when does this tip over and hit America? Is this a long term tip or will there be some begnine event that tips this country over and LA, NY, Chicago, Miami start burning?
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: Obama Team Eyes Employer Payroll Tax Break


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