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

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

    Quote Originally Posted by Morality Games View Post
    The point is that we don't need delicate about their feelings when formulating policy. If everyone's out for themselves, then pull no punches.
    Who is going to punch GE while they are in bed with the president?

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

    Quote Originally Posted by celticwar17 View Post
    I think the majority of opinion on both sides is that they need to close tax loop-holes.
    These are not "loopholes" they are the tax code.

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

    Raise taxes on businesses, watch the little guy suffer from higher prices, but hey, those ultra rich will suffer TOO!
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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

    Quote Originally Posted by 1Perry View Post
    These are not "loopholes" they are the tax code.
    Can you wrap your mind around the reality that the tax code contains loopholes?
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by haymarket View Post
    Can you wrap your mind around the reality that the tax code contains loopholes?
    Loopholes are where people take advantage of a law that was never intended to allow them to do what they are doing. These are not loopholes. They were written to allow them to do the very things they are doing.

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

    Quote Originally Posted by haymarket View Post
    Can you wrap your mind around the reality that the tax code contains loopholes?
    yes but many people don't understand the concept. for example not being taxed on income you earned in another jurisdiction and paid taxes to that jurisdiction is no loophole. a loophole is hedge fund managers counting their earned income as capital gains income



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

    Quote Originally Posted by 1Perry View Post
    Loopholes are where people take advantage of a law that was never intended to allow them to do what they are doing. These are not loopholes. They were written to allow them to do the very things they are doing.
    exactly-like liberals claiming there is a "gun show loophole" when the laws at a gun show are exactly the same as any other place in the jurisdiction.



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

    A loophole is the thread where a female was able to get away with giving another female AIDS because the law stated their must be penetration involved (or something like that). They never envisioned this scenario.

    These tax laws are doing exactly what they were intended to do.

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    And I bet millions of Americans collected welfare and didn't pay any taxes as well....

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

    You're right, it's not a loophole. And your right, neither party really does anything that might actually get the wealthy to pay. But, it is a problem all the same, and should be tackled.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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