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Thread: Major profitable corporations are paying negative income taxes.

  1. #41
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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by Tigger View Post
    The first way to deal with this problem is the same for corporations and the general public.... STOP THE GOVERNMENT FROM SPENDING MONEY ON UNCONSTITUTIONAL PROGRAMS..... like Welfare (corporate or personal), Medicare, HUD, Education, Environment, etc.....
    Yeah, and destroy USAF while you're at it. That would resemble something like an outdated government in the 1700s
    "The misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all" - Joan Robinson
    "The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries" - Winston Churchill

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by Thunder View Post
    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.
    On the gross?

    EDIT: Why on earth would you want to lower the corporate tax rate? Since, they don't pay enough in taxes, you say.
    Last edited by apdst; 11-19-11 at 12:16 AM.
    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
    On the gross?
    that should be their tax-rate before all deductions.

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by drz-400 View Post
    According to Verizon's annual report they payed a 19.4% effective federal income tax last year, all of which is a deferred tax expense. I assume that becomes a long term liability and is paid later. This article only cites the current tax expense, but not the whole story. So basically I think this article just cherry picked their numbers.
    I love how people go on five pages without referencing this post once. It's so much easier to read a headline and debate ideals than to look at the facts and form an opinion.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by Thunder View Post
    that should be their tax-rate before all deductions.
    That is what they pay.

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by Thunder View Post
    that should be their tax-rate before all deductions.
    Can you possibly understand why that won't work?
    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
    Can you possibly understand why that won't work?
    why don't you tell us why it won't work.

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    Re: Major profitable corporations are paying negative income taxes.

    Quote Originally Posted by washunut View Post
    That is what they pay.
    No, it's not. Corporations--just. like. individuals.--pay taxes on their net income, at whatever tax bracket that lands in, as it should be.
    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 Thunder View Post
    why don't you tell us why it won't work.
    You can't tax loss. It would place too much tax liability on corporations, especially small businesses who aren't as liquid as larger companies.

    Do you really want to make a small business, that netted $20,000 pay a 35% tax rate? Why do you hate small businesses?
    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
    ...Why do you hate small businesses?
    I don't hate small businesses.

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