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Thread: U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

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    Re: U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

    Quote Originally Posted by apdst View Post
    Small businesses get the same deductions that large corporations get
    I don't think that's entirely true. Small businesses do not have the political clout that bigger ones do. Most small businesses (and we must define the term because there are some misleading ones out there) don't have in-house accountants or attorneys.

    Johnston claims in his book that while the nominal corporate rate is 35%, the effective rate for most large corporations is much closer to 12%.

    Going back about 5 years, I ended up paying more federal tax than did General Electric. There is something wrong with that picture.

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    Re: U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

    Quote Originally Posted by Henry David View Post
    I don't think that's entirely true. Small businesses do not have the political clout that bigger ones do. Most small businesses (and we must define the term because there are some misleading ones out there) don't have in-house accountants or attorneys.

    Johnston claims in his book that while the nominal corporate rate is 35%, the effective rate for most large corporations is much closer to 12%.

    Going back about 5 years, I ended up paying more federal tax than did General Electric. There is something wrong with that picture.
    What deductions do large corporatiobs get that small corporations aren't allowed under the tax code?
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    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: U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

    Quote Originally Posted by apdst View Post
    Every business already pays taxes.
    The source says otherwise. Can you document your claim?
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

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    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

    Quote Originally Posted by Redress View Post
    The source says otherwise. Can you document your claim?
    Prove a negative? No but you're welcome to prove that I'm wrong
    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: U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

    Quote Originally Posted by PeteEU View Post
    U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study



    Direct link to the report.

    http://www.gao.gov/assets/660/654957.pdf



    Wonder how the US conservatives are going to explain this one away..... I am guessing they are going to target the GOA as partisan or something similar.
    12% of what? Gross profit? Net profit?
    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: U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

    Quote Originally Posted by apdst View Post
    Prove a negative? No but you're welcome to prove that I'm wrong
    How about offering some evidence. Just claiming things does not make them true.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

    Quote Originally Posted by Redress View Post
    How about offering some evidence. Just claiming things does not make them true.
    I cant prove a negative.
    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: U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

    Quote Originally Posted by apdst View Post
    I cant prove a negative.
    You do know there is a difference between "prove" and "offer evidence to support your claim"?
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

    Quote Originally Posted by Redress View Post
    You do know there is a difference between "prove" and "offer evidence to support your claim"?
    Offer evidence to support a negative? C'mon darlin, you're smarter than that.
    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: U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

    Quote Originally Posted by apdst View Post
    Offer evidence to support a negative? C'mon darlin, you're smarter than that.
    So you have nothing. Kinda figured you had just made that up, nice to be right as usual.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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