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Thread: Companies paid CEOs more than they paid in taxes

  1. #11
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    Re: Companies paid CEOs more than they paid in taxes

    The problem here is that someone else made money and I want it. Noone has the right to earn more than me or have more than me. Its not fair!

    Seriously though, you have a problem with the tax code? What are you doing about it? The same people have been in power in this country for at least the last 50 years. (much longer but no need to look further back) Come November a hundred or so million people will go to the booths, and put the same people right back in. Then they are going to go around bitching about how corrupt and stupid politicians are and how much they dislike them. D or R doesnt really matter much. Both parties are working for two things. Money and power.

    It amazes me how many people have a problem with our government, and have a problem with our laws, and keep the same people in office.
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    Re: Companies paid CEOs more than they paid in taxes

    Quote Originally Posted by Blue_State View Post
    I would say the size of the pools. I would think companies the size of GE and AT&T would pay more in taxes than any individual employee at any time. Think of the shear amount of assets and business done by one large corporation. Now take that CEO, he clearly does not have the amount of assets and holding as large as the company. It would seem that these companies would pay far more in taxes than any single employee. If you look at small businesses, ones smaller than 10 Million in sales a year, they usually pay more in taxes then all their employees combined.
    A single corporations expenditure for employee salaries is going to be more than their net profit. In GE's example, based on the limited information in their annual report, their employee costs are nearly 37 billion while their net profit was 20 billion.

    If you eliminated corporate tax entirely while taxing all individual benefits, tax revenue to the government would rise.

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    Re: Companies paid CEOs more than they paid in taxes

    Quote Originally Posted by Blue_State View Post
    I know some people are going to make this an attack on the 1%, but I believe this highlights a huge problem with our tax code. Large Corporations are getting out of paying taxes or their fair share of taxes.

    Companies paid CEOs more than they paid in taxes - CSMonitor.com
    what exactly is a "fair share of taxes"

    companies don't really pay taxes. they collect money and give it to the government based on complex laws.

    people ultimately pay the taxes whether they do business with the companies or own the companies

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    Re: Companies paid CEOs more than they paid in taxes

    Quote Originally Posted by TurtleDude View Post
    what exactly is a "fair share of taxes"

    companies don't really pay taxes. they collect money and give it to the government based on complex laws.

    people ultimately pay the taxes whether they do business with the companies or own the companies
    Not 0. I have a problem with corporations keeping not paying taxes. I don't know what the fair share is, but it doesn't pass the does this make sense test with me that the CEO would pay more taxes than the Corporation he works for, given that corporation had a successful year.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: Companies paid CEOs more than they paid in taxes

    Quote Originally Posted by Blue_State View Post
    Not 0. I have a problem with corporations keeping not paying taxes. I don't know what the fair share is, but it doesn't pass the does this make sense test with me that the CEO would pay more taxes than the Corporation he works for, given that corporation had a successful year.
    Still ignoring the fact that this claim is based on just a one year snapshot? What was it last year? 10, 09, 08? What are the projections for 13,14, 15 when the deferments come up?

    Still a valid question which goes to the core of this debate, what is their fair share? In 2010, corporate taxes plus their share of payroll taxes made up 30% of the collected federal revenue. So what should their contribution be?

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    Re: Companies paid CEOs more than they paid in taxes

    Quote Originally Posted by Blue_State View Post
    I know some people are going to make this an attack on the 1%, but I believe this highlights a huge problem with our tax code. Large Corporations are getting out of paying taxes or their fair share of taxes.

    Companies paid CEOs more than they paid in taxes - CSMonitor.com
    Payroll will always be larger than the tax debt for any corporation.

    This isn't, in any way, indicative of a broken tax code.
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    Re: Companies paid CEOs more than they paid in taxes

    Quote Originally Posted by Blue_State View Post
    I would say the size of the pools. I would think companies the size of GE and AT&T would pay more in taxes than any individual employee at any time. Think of the shear amount of assets and business done by one large corporation. Now take that CEO, he clearly does not have the amount of assets and holding as large as the company. It would seem that these companies would pay far more in taxes than any single employee. If you look at small businesses, ones smaller than 10 Million in sales a year, they usually pay more in taxes then all their employees combined.
    Those companies do pay more taxes. They match SS and MC on every single employee.

    Is it possuble that you don't fully understand how the tax code works?

    The reason the tax code is so complicated, is to make it easier for the IRS to use loopholes to hit tax payers for years of back taxes that they didn't even know they owed, because there's no way any one person can be familiar with 70 thousnd pages of regulations.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Companies paid CEOs more than they paid in taxes

    Quote Originally Posted by Blue_State View Post
    I know some people are going to make this an attack on the 1%, but I believe this highlights a huge problem with our tax code. Large Corporations are getting out of paying taxes or their fair share of taxes.

    Companies paid CEOs more than they paid in taxes - CSMonitor.com
    Even assuming anyone would think this was an attack on the 1% is wrong. If this is true? If there is blame here? The blame lies with Congress.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Companies paid CEOs more than they paid in taxes

    Cool, individuals should pay more than our large corporations. Awesome.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

  10. #20
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    Re: Companies paid CEOs more than they paid in taxes

    Quote Originally Posted by Blue_State View Post
    Cool, individuals should pay more than our large corporations. Awesome.
    What sort of a libertarian are you?

    Everyone who gets PAID by the corporation, pays some form of the regular income tax *edit in addition to whatever payroll taxes they pay, and state taxes, and unemployment insurance (tax), etc. Why are you wanting to tax corporations more on top of that? Makes no sense. The general economic consensus is that corporate tax should approach zero, because what you tax you get less of...we want more business/economic growth.
    Last edited by Mach; 08-17-12 at 12:51 PM.

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