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

  1. #61
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    Re: Study finds Corporate America avoided $60B in taxes (2010)

    Quote Originally Posted by cpwill View Post
    see, the trick is, we have the second highest corporate tax in the world, which forces our businesses to devote massive amounts of resources to tax avoidance strategies.

    so, the solution is to jack up that rate even higher, so that they are stuck in a lose-lose scenario where they are forced to devote more resources to tax avoidance.... and we keep doing this until all the evil corporations move out of the nation all-together.

    that'll teach those richy rich types!!! yeah!!! stick it to ourselves the man!!!
    If you get rid of the loopholes then they don't have to spend all that money on tax avoidance.
    You know the time is right to take control, we gotta take offense against the status quo

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

    Quote Originally Posted by Objective Voice View Post
    All I have to say is...

    FoxNews.com:



    Now, before anyone starts critisizing the above and start labelling me anti-rich, read what Ken Langone, Dir., NYSE, had to say about taxing the rich.

    From MSNBC.com:
    They didn't avoid anything and they owe the federal government nothing. Our ire should not be directed in any way towards these companies. It should be directed at the government for their loose tax laws and free trade agreements our government signed.

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

    Quote Originally Posted by j-mac View Post
    There is proof that something like 75% of this country get a check from the government in one form or another. Liberals 40 year "War on Poverty" is a complete failure. Since when is middle class defined upon how dependent on the government one is?


    j-mac
    Can you find said proof?

    And is that Federal government only?

    Or is it State and Local as well?

    Does it count tax refund checks?

    You should ask Michele Bachmann, since she and her family probably account for about 1/3 of those checks, what with her government salary, the Medicaid checks to pray the gay away, and the farm subsidies she gets. How many check does she collect to get to that $541,000 a year that she and her family take from the government?

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

    Quote Originally Posted by 1Perry View Post
    Who is going to punch GE while they are in bed with the president?
    Why would a communist, socialist get in bed with big corporations?

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

    Quote Originally Posted by TurtleDude View Post
    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
    American taxpayers living abroad still have to pay taxes when they earn money in other countries, you get a tax credit for what you paid a foreign country. However, you're still expected to report all your income and pay taxes on income earned in foreign countries.

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

    Quote Originally Posted by MrVicchio View Post
    Raise taxes on businesses, watch the little guy suffer from higher prices, but hey, those ultra rich will suffer TOO!
    Sales taxes directly impact the price you pay. Income taxes won't necessarily affect consumer prices... supply and demand, raw material prices, material and supply costs, etc. is what cost accountants use when analyzing consumer pricing and and give consumer recommendations.

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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.
    Semantics... who cares. The tax codes needs to be changed

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

    Quote Originally Posted by Mr. Invisible View Post
    Well, they really don't. But they still believe that if one just works hard, they can be like the super rich and don't realize that the super rich are never going to let normal people into their club. Also, it seems that many middle class people vote with the rich against their own interests because they want to be like the rich. Since the rich is who they aspire to be, the middle class may think that if they vote for pro-rich policies, it might make it easier for them to get in the door.

    (Please note, this is just my personal speculation.)
    Your post reminds me of my aunt... She married just for money and she tries to hangout and socialize with wealthy people all the time. She really thinks super rich people are better than everybody else. She loves name dropping and once bought a new car just because there was an apparent Porsche competition going on with some of her friends. Her car was the same color as her friend's Porsche but she didn't actually get a Porsche, because she can't actually afford one. On top of that, her husband is a major asshole and controlling. He is older than her, and probably going to die soon and she is already getting things in order to spend his money when he is gone. When ever I am in her presence, I always think she is bitter about the way he has treated her and things he made her give up so she could have that lifestyle.

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

    Quote Originally Posted by jambalaya View Post
    They didn't avoid anything and they owe the federal government nothing. Our ire should not be directed in any way towards these companies. It should be directed at the government for their loose tax laws and free trade agreements our government signed.
    sure thing ... and lets not get all angry and surly when some inner city gang bangers carjack some suburbanite and mess em up since its really the system that made them the way they are either.



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

    Quote Originally Posted by cpwill View Post
    see, the trick is, we have the second highest corporate tax in the world, which forces our businesses to devote massive amounts of resources to tax avoidance strategies.

    so, the solution is to jack up that rate even higher, so that they are stuck in a lose-lose scenario where they are forced to devote more resources to tax avoidance.... and we keep doing this until all the evil corporations move out of the nation all-together.

    that'll teach those richy rich types!!! yeah!!! stick it to ourselves the man!!!
    The tax rate debate really doesn't mean anything. The real numbers to compare would be actual taxes paid by corporations. While the rates are high in America, many company's avoid paying taxes. Arguing to cut or raise taxes isn't really a conversation worth having.

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