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Thread: Major profitable corporations are paying negative income taxes.

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by MaggieD View Post
    What the hell? That's not what he's saying. These corporations are acting legally. If they weren't, they'd be audited, assessed and fined for their failure to follow the rules. Blame Congress.
    \
    I know it isn't half as much fun as blaming everyone else...hell, we'd be pretty much speechless...but it's Congress who's to blame. No.one.else.
    That is kinda naive. What Shewof is saying is that Congress is already bought by Corp America.

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by MaggieD View Post
    Exactly. Corporations to blame? No. Blame Congress if you don't like corporate welfare. Amazing people need to be continually reminded of this.
    It goes both ways, and I have seen your posts complaining about people being on welfare, and dropping out of school and having babies just to apply for welfare. That's blaming the poor and not blaming the government, and ftr, I don't see anything wrong with blaming both sides... because it's not entirely the governments fault. We have all allowed the government become what it is today, and businesses and corporations are included in that blame. We can't expect better from our government if we don't expect better from the people or businesses in this country. We shouldn't think of ourselves as a land of opportunists which the government has to babysit and provide constant direction to.

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by kamikaze483 View Post
    Heres a quote from the OP's article:



    It seems we may have a wolf in sheeps clothing among the flock. (Or perhaps a donkey in elephant's clothing). I will reserve judgement because I couldn't stomach to read the whole article. Maybe toward the end the writer evened things out by being honest about the way the tax system works. But I doubt it. To keep from ranting too much, I'll just make a couple of quick factual points:

    1) Property tax assessments are based on the Fair Market Value of the property. If the value changes, the taxable amount changes. If you believe the FMV on your property tax statement is inaccurate, you dispute it. Whether you are homeowner making 20k a year- or a big company like Verizon. Anyone who would fault Verizon for disputing their property tax values is not worth debating with.

    [2) It has become customary for the tax code to be a means to encourage people and businesses to to things that the government thinks are good things: like purchasing a home for the first time, or investing in low energy appliances. Or hiring unemployed people. You can't fault businesses who make full use of the tax system for the betterment of their company, as long as they stay within the law. If you don't like it, support a consumption tax insteand of this complicated system.

    As far as stealing from the poor and giving to the rich? How, exactly?
    GE lobby's for "energy efficient lightbulbs". They get the standard, close up shop and move production overseas. Is the government and industry to blame here? Yes, of course but I have every right to be pissed at GE along with the government.

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by winston53660 View Post
    That is kinda naive. What Shewof is saying is that Congress is already bought by Corp America.
    Kinda' naive?? What are you talking about?? If Congress is bought by Corporate America it's because Congress let itself be bought. It's because Congress doesn't give a **** about what's best for our country. It's because Congress cares more about preserving the status quo than fixing our sick economy. It's because Congress is filled with whores. Blame the John? Or blame the whore? Take your pick. I'll pick the one I can do something about at the ballot box.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by MaggieD View Post
    What the hell? That's not what he's saying. These corporations are acting legally. If they weren't, they'd be audited, assessed and fined for their failure to follow the rules. Blame Congress.
    \
    I know it isn't half as much fun as blaming everyone else...hell, we'd be pretty much speechless...but it's Congress who's to blame. No.one.else.
    I never said they are acting illegally. I am saying that they have more control and power over Congress than we do.

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by SheWolf View Post
    It goes both ways, and I have seen your posts complaining about people being on welfare, and dropping out of school and having babies just to apply for welfare. That's blaming the poor and not blaming the government, and ftr, I don't see anything wrong with blaming both sides... because it's not entirely the governments fault. We have all allowed the government become what it is today, and businesses and corporations are included in that blame. We can't expect better from our government if we don't expect better from the people or businesses in this country. We shouldn't think of ourselves as a land of opportunists which the government has to babysit and provide constant direction to.
    Blame Congress. As I said above: blame the Johns or blame the whores. I'll blame the one I can effect at the ballot box.

    "Shame on you corporations....you should be more honest."

    "Damn you, Congress. Do your freakin' jobs."
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by SheWolf View Post
    I never said they are acting illegally. I am saying that they have more control and power over Congress than we do.
    She Wolf! Think! Why is that?? Because Congress allows itself to be bought. Because from the moment they get into office, they're trying to figure out how they can stay in office. And they concentrate on appeasing their voting base while at the same time raising as much money as they can for their next campaign funds...getting as many insider stock tips as they can...setting up their after-Congress lobbying careers...their careers on corporate boards...staying in office 30 years...And who pays them? Anyone with funds: Corporate America and Unions.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by MaggieD View Post
    Kinda' naive?? What are you talking about?? If Congress is bought by Corporate America it's because Congress let itself be bought. It's because Congress doesn't give a **** about what's best for our country. It's because Congress cares more about preserving the status quo than fixing our sick economy. It's because Congress is filled with whores. Blame the John? Or blame the whore? Take your pick. I'll pick the one I can do something about at the ballot box.
    It takes two to tango... John and the whore are both to blame

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by SheWolf View Post
    It takes two to tango... John and the whore are both to blame
    I'll agree with that. But why all the concentration on Corporate America? Where is our outrage at Congress? Why concentrate ire on Corporate America, Big Banks, the upper 1%? Why not focus it on the guys that can actually do something about it? You know, the guys that actually allow it to happen? And worse, facilitate it?
    Last edited by MaggieD; 11-17-11 at 09:44 PM.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by MaggieD View Post
    I'll agree with that. But why all the concentration on Corporate America? Where is our outrage at Congress? Why concentrate ire on Corporate America, Big Banks, the upper 1%? Why not focus it on the guys that can actually do something about it? You know, the guys that actually allow it to happen? And worse, facilitate it?
    The won't do anything about it until we start complaining about it, and right now, nobody in the race is saying anything about ending corp welfare or addressing issues with the tax code like this. I see more people arguing against tax cuts and giving companies a break than I see anybody honestly talking about how the largest firms are paying nothing and getting refunds. It's a problem nobody is DC wants to address, and it's not common knowledge to many people.

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