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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 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.
    Agreed, we should simplify the tax code. All these deductions we have to bring rates down to a reasonable level are ridiculous.
    One who makes himself a worm cannot complain when tread upon.

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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
    By the way, double checking, you just called the GAO liars and idiots: http://www.gao.gov/assets/660/654957.pdf



    This is why you are not a credible source.
    How many of those businesses are inactive. i.e. don't conduct business, but are set up as dummy corporations. I have two LLC's in my name that haven't paid taxes since I created them. At the same time, neither of them have made a single dime, since I created them, either.

    Don't blame the corporations for not paying taxes on positive profits; blame the IRS. Those companies may not have paid those taxes, yet, but they will.
    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
    The contention is that most companies don't pay taxes to the Feds.
    That's the same dishonest tactic people were using to argue the poor paid a higher tax rate than the wealthy. Come on, now.
    One who makes himself a worm cannot complain when tread upon.

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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
    The contention is that most companies don't pay taxes to the Feds.
    Payroll taxes are a deductible expense in the calculation of income taxes owed, and I believe the gist of the OP relates to income taxes. I'm just trying to keep you out of the deep end...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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

    Quote Originally Posted by Republic Now! View Post
    Agreed, we should simplify the tax code. All these deductions we have to bring rates down to a reasonable level are ridiculous.
    You can't force corporations to pay taxes on losses due to the cost of doing business. It's not fair and it doesn't work

    If you have a business and you gross $100,000 this year and it costs you $75,000 to operate, do you think you should be allowed to deduct that $75,000 loss, or should you have to pay a $35,000 tax bill?
    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 AlabamaPaul View Post
    Payroll taxes are a deductible expense in the calculation of income taxes owed, and I believe the gist of the OP relates to income taxes. I'm just trying to keep you out of the deep end...
    Well, not all of them are, but most is, because otherwise it would be double taxation.

    I'm just using the same logic that these same Libbos use to claim that poor people pay taxes, too. Bear with me.
    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
    Well, not all of them are, but most is, because otherwise it would be double taxation.

    I'm just using the same logic that these same Libbos use to claim that poor people pay taxes, too. Bear with me.
    Okie dokie, I'm out of it...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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

    Quote Originally Posted by Republic Now! View Post
    That's the same dishonest tactic people were using to argue the poor paid a higher tax rate than the wealthy. Come on, now.
    What's good for the goose is that gander.
    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
    You can't force corporations to pay taxes on losses due to the cost of doing business. It's not fair and it doesn't work

    If you have a business and you gross $100,000 this year and it costs you $75,000 to operate, do you think you should be allowed to deduct that $75,000 loss, or should you have to pay a $35,000 tax bill?
    People would argue they should pay on profits, not income.

    Anyways, I don't think corporations should pay taxes at all, but better for the tax code to be simple with a flat rate than this ridiculous complex mess which we have now.
    One who makes himself a worm cannot complain when tread upon.

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

    Quote Originally Posted by Republic Now! View Post
    People would argue they should pay on profits, not income.

    Anyways, I don't think corporations should pay taxes at all, but better for the tax code to be simple with a flat rate than this ridiculous complex mess which we have now.
    The mess we have now is complex for a reason; it helps the government more than the private sector. The complex tax code is what allows the government to recover 9 out of every ten dollars they audit.
    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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