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Thread: Study finds Corporate America avoided $60B in taxes (2010)

  1. #151
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by TBone View Post
    What you failed to mention is that GE moved their factories because they get breaks on taxes, pollution, and labor costs. BUT, they still have their corporate offices and warehouses here in the states.

    Don't raise their tax rate, make them pay their share by closing the loop holes that allows them to hide profits outside of the USA and enjoy the comforts of being a USA citizen. If GE wants to move overseas, they should move completely, but they need to take all of their company, everything, and let them enjoy the protection of the country that is give them the tax break. They should not be using my streets, my police, my military, my government, and the banks that federally insured to protect their assets. GE basically told me you cannot survive in my country because you are over taxed, they should LEAVE.

    Hey, if a company chooses to relocate in from AZ to Mississippi, they take everything, and don't enjoy the protection from the state of AZ, and they don't continue being a burden on the infrastructure.
    Nonesense...they paid zero taxs here on 15 billion...and the point you fail to grasp is they moved all the JOBS to china...you cant clean that up with bs

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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by TurtleDude View Post
    good point-lots of lefties are ambivalent to outright hateful of America.
    I did more for my country in one tour than most will in their lifetime... there are alot of american takers thats what they do TAKE

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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by TBone View Post
    good diversion tactics, blame it on the lefties, and call them un American.
    If the red flag fits



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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by lpast View Post
    I did more for my country in one tour than most will in their lifetime... there are alot of american takers thats what they do TAKE
    yeah the left is full of them



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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by lpast View Post
    Nonesense...they paid zero taxs here on 15 billion...and the point you fail to grasp is they moved all the JOBS to china...you cant clean that up with bs
    How much tax was paid on the dividends earned by shareholders in the USA?
    on incomes from salaries in the USA?



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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by cpwill View Post
    evil companies ship jobs overseas. let's make 'em do it even more; that'll show them!
    Yeah, close the loop holes and stop their gov't contracts. Then they really leave, not pretent to leave, and they can stop being a tax burden , and quit living off the govenment tit.

    These companies have the GOP and Dem's in their pocket. America is stupid for allowing it. Maybe, we should institute protectivism like the EU and China?
    It is better to die on your feet than to live on your knees.
    Emiliano Zapata


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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by TBone View Post
    Yeah, close the loop holes and stop their gov't contracts. Then they really leave, not pretent to leave, and they can stop being a tax burden , and quit living off the govenment tit.

    These companies have the GOP and Dem's in their pocket. America is stupid for allowing it. Maybe, we should institute protectivism like the EU and China?
    tell us how Bush's tariffs on steel worked out



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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by TurtleDude View Post
    yeah the left is full of them
    Your full of it

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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by TurtleDude View Post
    How much tax was paid on the dividends earned by shareholders in the USA?
    on incomes from salaries in the USA?
    Not enough...oh and tell us there turtledude what is it you have ever done for your country aside from take and whine

    Cmon you can do it...wont take much space...or maybe your a haaaavaaarrd failure...or maybe your not harvard at all...either way it does sound good
    Last edited by lpast; 07-30-11 at 10:30 PM.

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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by TBone View Post
    So explain to me how they are investing in the America by moving operations from the US to China?
    you are missing the point. our companies are already international - we are already in a period of globalization.

    let us say that Widgets Inc was founded by the US, and produces it's widgets in the US, but has operations and sales in 25 countries world-wide. Demand is increasing, and Widgets Inc. needs to build a new factory. The money to do this will come from their highly profitable world-wide sales.

    now, if they try to bring that money back to the United States to build said factory, the government will immediately seize a third of it. They will face a 35% loss on their investment before they even lay one brick or sell one extra widget. But if they build overseas, then they don't lose a single penny. That first Widget can start paying down the cost of building the new factory, instead of paying down the cost of bringing that money back to the US.

    Our idiotic tax code gives tells Widgets Inc that if they dare try to expand operations here in the US from the money they make overseas, they will face a stiff penalty. my argument is, maybe, considering our high unemployment, it would be better for all concerned if we stopped forcing companies to keep their earnings overseas?

    So by investing in America, do you mean, have their corporation here, enjoy the protection of the USA, but operate outside the USA to increase their profits because the American work is paid more then the Chinese National?
    yes and no. labor costs, you see, aren't just the "cost of labor", but the "cost of labor in units of productivity minus costs". For example, when comparing the Chinese worker who earns $5 a day for $15 of value added to the American worker who earns $100 a day for $2000 value added, the American is actually cheaper. the problem becomes, whether or not location in China (or Canada) becomes cheaper enough to make up for that loss in productivity.

    To me that is not investing. Companies are outsourcing because of labor costs. If they could pay american workers dirt, they would stay here.
    this is incorrect. Companies are outsourcing because of costs; and a good chunk of that is indeed the US Tax Code.

    My point they reap the benefits, e.g. infrastructure, protections, gov't contracts, etc., and they don't still don't invest in America. High employment happened because Wall Street got drunk and we let them, then we bailed them out. GE was moving ops outside America before this occurred. Nice try.
    they don't invest in America because we make it unprofitable to do so. and High Unemployment is happening because we ****ed up the recovery with a series of ill-conceived keynesian 'stimulus' programs.

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