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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 evanescence View Post
    Trickle down economics is a scam, and it has been proven so by this recent economic depression. If it did work, however, we'd see improvements such as job growth and increasing wages. The government has even come out with recent statistics stating that the economy was worse than originally stated in 2007-2009. No kidding.

    But it is important to note that raising taxes on corporations will only result in consumers paying higher prices for their goods. No matter how high corporate taxes get, corporations will never pay taxes because they will pass the increases on to their customers as the cost of doing business. In my opinion, corporate personhood needs to be done away with, and the laws need to go back as they were before the corporate lawyers raped the 14th Amendment.
    There's no question that a fair amount of corporate taxes are passed through to consumers, but not all of them. Shareholders absorb some of the hit in lower dividends and/or share prices, and employees absorb some of it the form of lower wages and reduced benefits.

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

    Quote Originally Posted by AdamT View Post
    There's no question that a fair amount of corporate taxes are passed through to consumers, but not all of them. Shareholders absorb some of the hit in lower dividends and/or share prices, and employees absorb some of it the form of lower wages and reduced benefits.
    True about the employees-that's an excellent point. But I don't buy that shareholders take a significant hit. They, too, pass that to those lower on the food chain.
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by evanescence View Post
    True about the employees-that's an excellent point. But I don't buy that shareholders take a significant hit. They, too, pass that to those lower on the food chain.
    It depends on the business

    In a competive market the the company will have to eat the costs. Now as to whether it would be the shareholders or the employees would depend on the labour market. If the labour market is tight and the company is well run (meaning it does not have much in the way of excess employees to begin with) the shareholders will take the hit to dividends/overall profits. If the labour market is in a high surplus level then workers would most likely take the hit.
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by Boo Radley View Post
    To corporations?
    Bill Clinton calls for corporate tax cut - Mike Allen - POLITICO.com

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

    So, now you're a Bill Clinton fan? Why would you think this would mean anything to me?

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

    Quote Originally Posted by Boo Radley View Post
    Why would you think this would mean anything to me?
    you?

    LOL!

    why would anyone care what you do or don't find meaningful?

    barack the slasher obama cares, hello

    At Obama's side, Clinton backs tax deal - politics - White House - msnbc.com

    and he's the president

    why did forty four democrat senators vote for the bush/obama/clinton/boehner/mcconnell tax cuts for the rich during lame duck?

    versus only thirteen who stood up for shared sacrifice?

    http://www.politico.com/news/stories/1210/46426.html

    there's no one remaining this side of new south wales to raise taxes, syd

    sorry, but them's the facts
    Last edited by The Prof; 08-01-11 at 02:08 AM.

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

    Quote Originally Posted by The Prof View Post
    you?

    LOL!

    why would anyone care what you do or don't find meaningful?

    barack the slasher obama cares, hello

    At Obama's side, Clinton backs tax deal - politics - White House - msnbc.com

    and he's the president

    why did forty four democrat senators vote for the bush/obama/clinton/boehner/mcconnell tax cuts for the rich during lame duck?

    versus only thirteen who stood up for shared sacrifice?

    Tax-cut plan clears Senate easily - Carrie Budoff Brown and Jake Sherman - POLITICO.com

    there's no one remaining this side of new south wales to raise taxes, syd

    sorry, but them's the facts
    Usually when you talk to someone, and give them some information, there is an expectation that you think the information will be meaningfull in some way. You put a lot of stock in politics, but cherry pick a great deal, not to mention not actually understanding what you read and link.

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

    THAT's why FORTY FOUR dem senators voted for the bush/obama/clinton/boehner/mcconnell tax cuts for the rich during lame duck?

    LOL!

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

    Quote Originally Posted by TurtleDude View Post
    its the left that favors slavery. what exactly is a 70 or 80% tax rate but slavery?
    actually -as a matter of fact - its a tax rate. Intentionally confusing it with the institution and practice of owning another human being is the worst sort of over the top hyperbole and an insult to anyone whose family lived in slavery.
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by U.S. Socialist. View Post
    At least they know where Revolutionary War started unlike that idiot Bachman.
    Unimportant trivia as President, it's how you defend the Constitution that matters, something you leftists won't do.
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