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

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.
 
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?
 
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.
 
I cant prove a negative.

You do know there is a difference between "prove" and "offer evidence to support your claim"?
 
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.
 
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.
 
Do you?......

Yes, and that was kinda the point. The OP source says this(http://www.huffingtonpost.com/2013/07/01/companies-tax-rate_n_3530448.html):

Many companies not only do not pay taxes, but they actually get money back from the government.

You said this:

Every business already pays taxes.

Now, one of you is wrong, and the OP source is about a million times more credible, which is why I asked for some evidence to back up your claim.
 
There's not a single company, business, or corporation that doesn't pay Federal taxes. If the source claims otherwise, then he's either a liar, or an idiot.

So you have nothing. I kinda thought so. Get back to me when you learn how to actually back up your wild assed claims.
 
There's not a single company, business, or corporation that doesn't pay Federal taxes. If the source claims otherwise, then he's either a liar, or an idiot.

Never heard of tax loss carry forwards?
 
There's not a single company, business, or corporation that doesn't pay Federal taxes. If the source claims otherwise, then he's either a liar, or an idiot.

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

Moreover, in another study, we found that for tax year 2005 about 19 percent of the foreign-controlled domestic corporations that did not pay federal income tax and about 27 percent of the U.S.-controlled domestic corporations that paid no tax had positive net tax income (before loss carryforwards and special deduction)

This is why you are not a credible source.
 
You do know there is a difference between "prove" and "offer evidence to support your claim"?

Harry Reid said some guy called him and told him that businesses don't pay taxes
 
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.
 
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.
 
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...
 
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?
 
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