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

  1. #21
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    Re: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by conservativeguy View Post
    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.
    No. It was written by a decades-old research facility to pinpoint how corporations don't pay anywhere near the marginal tax rate that they claim is too high.

    But go ahead and repeat what your propagandists have told you to say. I understand.

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

    Quote Originally Posted by FilmFestGuy View Post
    No. It was written by a decades-old research facility to pinpoint how corporations don't pay anywhere near the marginal tax rate that they claim is too high.

    But go ahead and repeat what your propagandists have told you to say. I understand.
    the parasitic left believes corporations only use is to provide tax dollars that liberals use to buy the votes of their minions.



  3. #23
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    Re: Study: 30 top firms paid no federal income taxes

    I am no financial wizard but what does it mean when a coporation earns money? It goes a lot of places I guess but it seems most of the money would go to stock holders who would then pay taxes on their capital gains and dividends and what not. Sure their are bonuses being paid to employees but those are taxable as income tax for somebody. There is also investment in infrastructure and improvements for the company. I mean this isn't some hunk of money just sitting in the secret basement of some CEO. Somebody help me because it seems like the writers of the article are treating it like somebody's salary or am I wrong.

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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.
    Then perhaps we should advocate prices controls and salary caps for management. Look, corporations are citizens and therefore must pay taxes and must obey local, state and federal laws as all citizens are expected to do. If you don't want to tax corporations then you should advocate citizens not to be taxed.










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  5. #25
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    Re: Study: 30 top firms paid no federal income taxes

    By definition global corporations have no allegiance to nation states, they only have allegiance to their shareholders. There is a built in conflict between global corporations and the United States of America, by definition global corporations are un-American.

    Capitalism would never have allowed the bailout of the banks and socializing of the losses while gains are privatized.

    The corporations are the radicals and we want our country back.

  6. #26
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    Re: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by jambalaya View Post
    I am no financial wizard but what does it mean when a coporation earns money?.
    It shows up on P&L? You're right to ask that. Even small companies have non-intuitive finances. Last I checked on big companies it was big oil, and they spend the majority of their earnings on re-investment in the company (equipment, site expansions, R&D, etc.), and stock buy-backs and dividends. Talking like 80% or something on that. Hardly the evil super villans that ignorant propoganda try to push.

    These hack job "studies" are always debunked by less partisan sources as being misleading at best. Often they simply make glaring errors in their reporting due to a lack of understanding accounting, or leave out facts such as a corporation might pay a very large sum in foreign taxes, but because of legal U.S. tax treaties, don't double pay to the U.S., and thus avoid "U.S. federal taxes", but they do pay a lot in taxes. That's part of treaty negotiations, governments use tax benefits to encourage growth in their trade-partner ally. Hardly a corporations issue, even if one tries to classify normal operations of government an issue.

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

    Quote Originally Posted by FilmFestGuy View Post
    No. It was written by a decades-old research facility to pinpoint how corporations don't pay anywhere near the marginal tax rate that they claim is too high.

    But go ahead and repeat what your propagandists have told you to say. I understand.
    Like I said, even if you read the methodology section you wouldn't understand it. This moronic study reached its conclusion by:

    1) using audited financial statements they ignored legitimate business expenses to recast each company's earnings into positive territory

    2) they made pedestrian assumptions regarding each company's domestic versus foreign earnings

    3) then they compared the each company's tax expense to a fictitious earnings calculation

    4) then they claimed these companies didn't pay much in taxes.

    5) they also excluded from the analyses the actual results of thousands of publicly traded companies. Gee I wonder why they did that?

    Reading the liberal drivel in the text of the report highlights the authors' lack of objectivity.
    I love the smell of burning moonbat in the morning.

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

    Anyone have the write off of losses in 2008 available for comparison? Bet it makes an impact in why this was done for 3 years.

  9. #29
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    Re: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by dirtpoorchris View Post
    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.
    Well...the theoretical answer is of course B. However since the vast majority of the protesters are liberals and the vast majority of them vote democrat and the vast majority of democrats receive cash from the bankers and brokers and the current president just brought on staff as his chief adviser one of the biggest broker lobbyists around...the REAL answer is probably closer to C. But if you threw in a D) Who the **** cares, man...we are da PEOPLE!!!! Yeah!!!! you would probably be spot on.

  10. #30
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    Re: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by Mach View Post
    So you're for the tea party idea of a flat (or flatter) tax that eliminates the things you apparently believe are problems?
    Or perhaps you think government is the answer? *looks at greece, looks at the housing bubble, snicker*

    Really, what are you proposing?
    obviously he is coming out in favor of the House 2012 Budget, which stripped out many of the loopholes and provisions that allow companies to minimize their tax exposure.

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