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Thread: Study: 30 top firms paid no federal income taxes

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    Re: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by Lachean View Post
    Taxing corporations doesn't work, they just pass the increase in costs down to the consumers of their goods/services. All corporate taxes do is inefficiently generate revenue by increasing prices.
    It's some kind of cycle they like to play: Increase taxes so taxes are passed on, creating inflation, thus a 'need' to increase minimum wage.....all the while, no problem actually gets solved.

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    Re: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by Lachean View Post
    Taxing corporations doesn't work, they just pass the increase in costs down to the consumers of their goods/services. All corporate taxes do is inefficiently generate revenue by increasing prices.
    tell that to BoA when they tried to raise their prices look what happened.

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    Re: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by haymarket View Post
    Another insightful, fact based, step by step, point by point intellectual refutation of the information.
    Go read the methodology section of the study and get back to us. Not that reading it will help you since I sincerely doubt you will have any idea how much BS these authors went through to manipulate the facts to get them to their predetermined destination. Hell, read the crap the authors put in the text of the article. This "study" should be re-titled "Tax Lies for Taxtards".
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    Re: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by majora$$hole View Post
    tell that to BoA when they tried to raise their prices look what happened.
    Am I the only one who saw that and thought "Binds to Account"? Please tell me I'm not alone lol.

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    Re: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by conservativeguy View Post
    Go read the methodology section of the study and get back to us. Not that reading it will help you since I sincerely doubt you will have any idea how much BS these authors went through to manipulate the facts to get them to their predetermined destination. Hell, read the crap the authors put in the text of the article. This "study" should be re-titled "Tax Lies for Taxtards".
    Actually, the methodology only uncovers the many ways corporations can manipulate their books to pay no federal income taxes - something you obviously support.

    Honestly, I could eliminate corporate income tax altogether - if capital gains were to be taxed the same as income from labor and the cap on payroll taxes was raised significantly.

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    Re: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by haymarket View Post
    Another insightful, fact based, step by step, point by point intellectual refutation of the information.
    Welcome to the real world. Out here--and not in the chambers of the state senate--a company can't report a profit and pay no income taxes. That's just the way it works.

    ...Exxon recorded $7.7 billion in U.S. tax costs last year, and paid even more overseas.

    Its grand total in global taxes for the year? A whopping $78.6 billion. The company's effective income tax rate was a hefty 47%, its highest in three years.


    Tax bills for 5 corporate giants - Exxon Mobil: $15.1 billion (2) - CNNMoney.com
    http://money.cnn.com/galleries/2010/...x_bills/3.html
    Last edited by apdst; 11-03-11 at 01:16 PM.
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    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: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by majora$$hole View Post
    tell that to BoA when they tried to raise their prices look what happened.
    Are you saying you support bank fees brought about by tax increases on the American consumer?

    Of course some companies suffer when they try to increase prices, like Netflix, but that bank fee from BoA is a terrible analogy. Nor does the fact that customers revolt when companies have to increase prices discount the point I made. So yeah, why would I go tell BoA something they already know?

    "Hey, people won't like a new fee." Gee really? What majora$$hole thought that information was warranted?
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
    Quote Originally Posted by haymarket View Post
    no. You cannot lose rights you do not have in the first place. There is no such thing as the right to have any weapon of your choice regardless of any other consideration. It simply does not exist.

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    Re: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by FilmFestGuy View Post
    Actually, the methodology only uncovers the many ways corporations can manipulate their books to pay no federal income taxes - something you obviously support.

    Honestly, I could eliminate corporate income tax altogether - if capital gains were to be taxed the same as income from labor and the cap on payroll taxes was raised significantly.
    Yeah, the companies posted massive write downs of the value of their assets during the market meltdown and they did this to save some taxes. Nice try but you aren't even close to being factually accurate. Th OP study was written by flakes for flakes.
    I love the smell of burning moonbat in the morning.

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    Re: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by lpast View Post
    No I think GOVT should force corporations to pay their fair share...if they had been doing that we wouldnt have a deficit or it woiuld be far less...
    Yes, via a flat (or more flat )tax. You're agreeing with the core of flat tax, while saying you don't support it, I don't follow.

    Again, no party in power can win against the fact that tax exceptions CAN be made, and therefore WILL be made. Just look at how big the article is that was poorly written and has only surface detail, that you linked, just to tell us how they claim taxes were avoided (they really were not). If it's sufficiently complex, there will be ways around it, and they will be discovered and used. You cannot get ahead of them unless you simply the entire thing, is what flat tax is about. It removes much of tax pandering from politics...which is precisely what you're asking for.

    If for no other reason than lay people including all of us, and journalists that try to do hack jobs on companies, or "think tanks" that are really just political sub-groups, can't even understand it well enough to argue about it....
    Give us a more simple tax code...
    Last edited by Mach; 11-03-11 at 04:48 PM.

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    Re: Study: 30 top firms paid no federal income taxes

    What the heck is OWS protesting again?

    Person A) I dont know therefore they dont know

    Person B) Economic Equality and to get those 1%'ers that control the majority of money out of bed of politics.

    Person C) mmmmmm. Yummy. McDonalds.
    I'm Finding it Harder to be a Gentleman, White Stripes ~ "You think I care about me and only me. When every girl needs help climbing up a tree."

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