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

  1. #161
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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.
    you'll get no argument from me against tax code simplification. however, if you choose to increase the burden on business in this country, you will see powerful negative effects.

    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?
    no. that would be amazingly stupid.

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

    Quote Originally Posted by cpwill View Post
    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?



    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.



    this is incorrect. Companies are outsourcing because of costs; and a good chunk of that is indeed the US Tax Code.



    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.
    Ahh cpwill...profits are soaring for american corporations and your still spinning tales of woe for them....their profits are through the roof, higher than ever and your still harping they pay to much taxs....

  3. #163
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by TurtleDude View Post
    If the red flag fits
    No argument, so you throw out insults. Good defensive move.

    Wow, share with me what sacrifices you have made. Good come back, someone disagrees with you and you call them a communist. So, I guess you are a facist? So, if the swastika fits, wear it is appropriate.

    Share with us your definition of what it is to be american. Or, wait until Monday when Glenn Beck, Palin, or Rush, can assist you with your thought.
    Last edited by TBone; 07-30-11 at 10:45 PM.
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by lpast View Post
    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
    paid several million in taxes, among other things.

    I never said I went to Harvard. though I was accepted into a couple of their programs including the Business School, among others. My brother used to teach there though


    Oh I also turned out a two time world champion for the USA
    Last edited by TurtleDude; 07-30-11 at 10:51 PM.



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

    Quote Originally Posted by TBone View Post
    No argument, so you throw out insults. Good defensive move.

    Wow, share with me what sacrifices you have made. Good come back, someone disagrees with you and you call them a communist. So, I guess you are a facist? So, if the swastika fits, wear it is appropriate.

    Share with us your definition of what it is to be american. Or, wait until Monday when Glenn Beck, Palin, or Rush, can assist you with your thought.
    People like me fund your artificially low tax rate



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

    Quote Originally Posted by TBone View Post
    No argument, so you throw out insults. Good defensive move.

    Wow, share with me what sacrifices you have made. Good come back, someone disagrees with you and you call them a communist. So, I guess you are a facist? So, if the swastika fits, wear it is appropriate.

    Share with us your definition of what it is to be american. Or, wait until Monday when Glenn Beck, Palin, or Rush, can assist you with your thought.
    Thats what turtle does best...throw out one line insults he learned that in law school...lol

  7. #167
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by TurtleDude View Post
    People like me fund your artificially low tax rate
    Thank You doood!!!!!!!!!!!!!!!!!!!!!! and trust you will continue to do so until I die...and beyond...lol...I really feel bad for you, seriously I do. What I dont understand is every time I read one of your ad nauseum whiney im being abused posts a tear comes to my eye, but im laughing my ass off...

  8. #168
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by TurtleDude View Post
    paid several million in taxes, among other things.

    I never said I went to Harvard. though I was accepted into a couple of their programs including the Business School, among others. My brother used to teach there though


    Oh I also turned out a two time world champion for the USA
    Listen turtle i could give a **** less what you paid in taxs and thats not doing squat for your country...the more you pay in taxs the more you made or took so stop whining
    Going to school and being a professional student is NOT doing anything for your country thats taking...thats your country GIVING to you.

    When the country had a military draft there was very conveniently slid in a college deferment...if you had a rich daddy and COULD AFFORD to go to college you didnt have to go to combat...how sweet is that...so what that breaks down to is...if you cant afford college than you go to war and possibly die, the ones that can afford it get to go sit on their ass for a few hours a day and go party all night....so I ask you again what have YOU DONE FOR YOUR COUNTRY that gives you this self righteous idea that you can stick it up everyones keister that has less than you just because your you and you think you can
    Some gave some, some gave all....and alot gave NOTHING
    Last edited by lpast; 07-30-11 at 11:18 PM.

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

    Quote Originally Posted by TBone View Post
    good point, close the loop hole that allowed this to happen, and leave don't raise taxes. You enjoy the benefit of this country, you pay taxes. If I work as a consultant, and I am based out of the USA, and I travel to Europe and consult and but the profits of this job in a Swiss account, I have to report this income. If I don't, the IRS should be knocking on my door. If these companies use an illegal slip of the pen, then fine the f out of them and get the back taxes. If they were allowed to do this as the result of a loop hole then close it.

    In AZ, they started enforcing the tax code, and it increased the budget, what a concept. If this is something the executive branch of the US is not enforcing, then let but this out there for all to see. Transparency.
    I do this and do this and it seems to make no difference. GE did NOTHING illegal. They didn't illegally avoid paying their taxes (unlike Geithner). They simply followed the tax code as written. That is NOT a loophole.

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

    Quote Originally Posted by TurtleDude View Post
    People like me fund your artificially low tax rate


    Did you hear that?






































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