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Thread: Major profitable corporations are paying negative income taxes.

  1. #31
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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by SheWolf View Post
    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.
    Double like. I couldn't agree more. I would have been sooooo excited if OWS could have rallied its message around this -- but it's not to be. At least not yet.
    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?
    In the end right now it's all one in the same. A few years in a corporate job until the right guy gets elected. Then a few years in a government job until it's time to go back to your corporate job.

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    Re: Major profitable corporations are paying negative income taxes.

    Corporations paying too much taxs has always been a lie...they never paid near what they should...its just now finally americans are seeing the truth...

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by lpast View Post
    Corporations paying too much taxs has always been a lie...they never paid near what they should...its just now finally americans are seeing the truth...
    What should they be paying?
    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: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by danarhea View Post
    Which means that, instead of paying money to the government, the government gives THEM money, despite the fact that they are more profitable than ever. This is Robin Hood in reverse - Steal from the poor and give to the rich.

    There are welfare queens in America, and they are the super rich, who receive the lion's share of welfare payments. Dare to take the red pill, and read this report on Verizon. Whether you are Liberal, Conservative, or Libertarian, this report should make your blood boil. No, we are not being turned into batteries..... yet, but we are nevertheless beset by parasites, who are sucking our blood, with the help of Democrats and Republicans who don't give two ****s for We the People. It is time for a third party.

    Article is here.
    Verizon gets money from the universal service fund to expand phone coverage to under served areas.
    Some of you support this.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by 1Perry View Post
    The problem is that Verizon (or anyone) should NEVER get tax benefits that allow them to see tax payer money come in.
    That makes no sense. Everyone gets taxpayer dollars in one form or another. Did you read what these credits were composed of? If you do, you will back off that claim I suspect. I don't want to get too heavy handed, I'll leave you to read it if you so choose.

    *edit. I see Harry G is listing specifics just above ^^

    There are other grants too, specifically designed BY government, to encourage business to TAKE THE GRANT, in order to pursue something your elected representatives want them to pursue.

    So we blame verizon for agreeing to take the money congress intentionally tried to attract them with? Still makes zero sense.
    Last edited by Mach; 11-18-11 at 03:08 PM.

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by Mach View Post
    That makes no sense. Everyone gets taxpayer dollars in one form or another. Did you read what these credits were composed of? If you do, you will back off that claim I suspect. I don't want to get too heavy handed, I'll leave you to read it if you so choose.

    *edit. I see Harry G is listing specifics just above ^^

    There are other grants too, specifically designed BY government, to encourage business to TAKE THE GRANT, in order to pursue something your elected representatives want them to pursue.

    So we blame verizon for agreeing to take the money congress intentionally tried to attract them with? Still makes zero sense.
    It's a lot more easy for people to clinch their fists and be angry at evil corporations.
    On one hand we want government to "build and repair our crumbling infrastructure" and on the other, we don't like when they find a way to do it.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by Harry Guerrilla View Post
    It's a lot more easy for people to clinch their fists and be angry at evil corporations.
    On one hand we want government to "build and repair our crumbling infrastructure" and on the other, we don't like when they find a way to do it.
    Im not angry at corporations as a entity...Im angry at how many screw us out of greed...and the dirty deals they pull for the same reason...some are plain merciless

  9. #39
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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by MaggieD View Post
    Double like. I couldn't agree more. I would have been sooooo excited if OWS could have rallied its message around this -- but it's not to be. At least not yet.
    They would just **** it up.
    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: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by apdst View Post
    What should they be paying?
    well, that's easy.

    if corporations are "people", than they should be paying 35% in FIT rate if they make more than $379,000 a year.

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