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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 Helix View Post
    weird. i thought the banks made a lot of money by paying me next to no interest on the money that i store there while they invest it and make lots of money loaning it out to other people with interest. seems that letting me spend it where i want in the amounts that i want is about the least that they could do.
    Wether you think they make enough is hardly the point. The point is that Durbin ammendment cost bank billions of dollars in revenue, and they will get it back.

    There have been a lot of defaults and write-offs lately. Just in case you didn't realize some of the reasons why banks charge interest that you believe to be too high.
    Last edited by buck; 11-04-11 at 01:27 PM.

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

    Quote Originally Posted by haymarket View Post
    from apdst



    Perhaps that is suppose to be the way it works. Sadly, the actual information revealed says the opposite.

    Study: Many corporations pay no income taxes - Nov. 3, 2011

    http://www.nytimes.com/2011/11/03/bu...udy-finds.html

    Also, please keep in mind that part of this issue is not only companies who manage to avoid paying taxes for a year or a filing period, but the far larger number of companies who pay something in taxation but it is rather little compared to their actual legal rate. Both articles give you the data.
    So, you're admitting that those companie do pay taxes? Not only do they pay income taxes, but they cough up billions in social security, medicare, property taxes, sales taxes, etc.

    The notion that coporations pay no taxes is anti-buisness propaganda.
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    Re: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by buck View Post
    Wether you think they make enough is hardly the point. The point is that Durbin ammendment cost bank billions of dollars in revenue, and they will get it back.

    There have been a lot of defaults and write-offs lately. Just in case you didn't realize some of the reasons why banks charge interest that you believe to be too high.
    do you expect that we'll see a significant reduction in executive salaries given that the banks are in such dire straits? i certainly don't. i'm not sure how they can expect customers to pay another dime in fees when they obstinately refuse to curb their own internal excesses.

    banking has become too consolidated. we'd be better served by smaller regional banks that actually had to compete with each other. that's where my money goes, anyway. perhaps if the reduction in debit card fees that the large banks signed up for when they demanded a taxpayer bailout sinks the TBTF banks, we'll see a return to regional banking.

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

    Quote Originally Posted by Helix View Post
    weird. i thought the banks made a lot of money by paying me next to no interest on the money that i store there while they invest it and make lots of money loaning it out to other people with interest. seems that letting me spend it where i want in the amounts that i want is about the least that they could do.

    if the pauper banks are really hurting because they are constrained by the government, let them charge a bunch of extra fees and see who plays ball. i won't be one of those people. i'd prefer to have an account to pay bills from, but i'm not giving them any more than they already get from having my savings and paying me almost no interest.

    perhaps if the banks are really hurting as much as conservatives argue and it's all because of the fee restrictions that they themselves signed up for when they demanded a bailout, they might considering paying their executives a bit less. those salaries are becoming less and less sustainable. i'm even more unwilling to pay them a monthly fee than the CEO is unwilling to take a pay cut.
    You are flopping all over the place like the fish I dragged into the boat last weekend. At least the fish would understand basic economics.
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    Re: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by conservativeguy View Post
    You are flopping all over the place like the fish I dragged into the boat last weekend. At least the fish would understand basic economics.
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    Study: 30 top firms paid no federal income taxesDo not do this.
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    Re: Study: 30 top firms paid no federal income taxes

    Quote Originally Posted by Helix View Post
    perhaps if the reduction in debit card fees that the large banks signed up for when they demanded a taxpayer bailout sinks the TBTF banks, we'll see a return to regional banking.
    First, not all banks recieved bailout funds. They too are stuck with the Durbin Ammendment. Second, reduction of debit card fees (signed into law in July 2010) was not a condition of receiving TARP funds given in 2008.

    do you expect that we'll see a significant reduction in executive salaries given that the banks are in such dire straits? i certainly don't.
    You're funny. Yes, executive pay at banks is down about 60.0% last I heard. Of course, you probably don't think 60% is signifcant or will at least make some type of excuse why it doesn't count. Can't wait to hear it.

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

    Quote Originally Posted by buck View Post
    First, not all banks recieved bailout funds. They too are stuck with the Durbin Ammendment. Second, reduction of debit card fees (signed into law in July 2010) was not a condition of receiving TARP funds given in 2008.
    i did not argue that it was. however, by depending heavily on the taxpayer to remain solvent, the banks signed up for increased scrutiny.


    Quote Originally Posted by buck View Post
    You're funny. Yes, executive pay at banks is down about 60.0% last I heard. Of course, you probably don't think 60% is signifcant or will at least make some type of excuse why it doesn't count. Can't wait to hear it.
    do you have a source? are you referring to the years when the banks were paying back the loans and compensation packages were under increased legal scrutiny?

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

    The point to be gleened from this...is that the whiney rich dont pay anything near what they whine they do...and corporations pay even less...thats why they have gotten fabulously wealthier while everyone else gets poorer...but the same cheerleaders keep right on cheering..

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

    Quote Originally Posted by Helix View Post
    i did not argue that it was. however, by depending heavily on the taxpayer to remain solvent, the banks signed up for increased scrutiny.
    Wether true or not, they will get the revenue back through less conspicuous fees.

    do you have a source? are you referring to the years when the banks were paying back the loans and compensation packages were under increased legal scrutiny?
    Bank Executives Take Pay Cuts | MyBankTracker.com
    The average pay of top bankers in the U.S. and Europe fell about 60% during 2009, according to data released by The Financial Times.
    If you have anything more current showing that compensation has been returned to the prior levels?

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

    Quote Originally Posted by buck View Post
    Wether true or not, they will get the revenue back through less conspicuous fees.



    Bank Executives Take Pay Cuts | MyBankTracker.com


    If you have anything more current showing that compensation has been returned to the prior levels?
    financial times says average is up 36 percent, but a few banks are lower.

    Interactive: 2010 bank CEO pay - FT.com

    another source; different pool for average; 26 percent increase : Bank CEOs Give Themselves a Big Pay Raise in 2010 - Business - GOOD

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