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Thread: Corporations Aren't People

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    Re: Corporations Aren't People

    Quote Originally Posted by Harshaw View Post
    It doesn't say they don't pay the rate. It says they don't pay much more in a monetary sense than corporations in other countries.

    And as for that "55 percent" which supposedly paid no federal income taxes . . . did they make a profit? Such a number is meaningless without context.
    A lot of the statistics the socialist wing give out are misleading anyway. Many corporations had actual losses a few years back during the recession, which they are able to carry forward to offset recovery income, thereby reducing taxable income.

    Of course, as you pointed out, about half of Americans in any given year actually get money back from the government not actually earned (EIC, child credits, etc.) or have an effective taxable income of 0. The left like to leave that little stain out.

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    Re: Corporations Aren't People

    Quote Originally Posted by Gipper View Post
    Piece of cake.

    http://economix.blogs.nytimes.com/20...ate-tax-rates/





    Now for individuals:

    Effective individual tax rates hover around 20%. The IRS will give you figures to look at here. If you want to view, however, you will need Excel or some form of Excel reader. The source information is here:

    SOI Tax Stats - Individual Time Series Statistical Tables

    Or, if you can read .pdf files, you can go here. It goes up to 2005.

    Page Not Found - Debate Politics Forums

    Corporations pay a much higher effective tax rate. It's not close.
    Here is a source that quotes different and my source uses more than one year: The Corporate Tax Rate Is Lowest in Decades; Is Business Paying Its Fair Share? | TIME.com

    But there is another source of federal revenues that receives less attention: corporate income taxes. According to the Wall Street Journal’s recent study of Congressional Budget Office numbers, corporations are paying an effective rate of 12.1%, the lowest in at least 40 years. So why are some of the biggest and most powerful entities in our society getting away with paying so little? The story is complicated, but the biggest factor in the recent collapse in corporate tax receipts appears to be a set of tax breaks built into recent stimulus efforts.

    In 2010 and 2011, companies were allowed to deduct the full cost of the purchases of new equipment, while normally these costs would be expensed over several years. In 2012, this deduction will go down to 50% and be eliminated altogether thereafter, causing the effective tax rate to return to roughly the 25.6% average effective tax rate corporations paid since the late 1980s, according to CBO forecasts.



    Read more: The Corporate Tax Rate Is Lowest in Decades; Is Business Paying Its Fair Share? | TIME.com The Corporate Tax Rate Is Lowest in Decades; Is Business Paying Its Fair Share? | TIME.com

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    Re: Corporations Aren't People

    Quote Originally Posted by Harshaw View Post
    What you've "clearly shown" is that you don't have the faintest idea what you're talking about.
    Sad to see you can't debate back because you have nothing to back up your insults.

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    Re: Corporations Aren't People

    Quote Originally Posted by rabbitcaebannog View Post
    Here is a source that quotes different and my source uses more than one year: The Corporate Tax Rate Is Lowest in Decades; Is Business Paying Its Fair Share? | TIME.com

    But there is another source of federal revenues that receives less attention: corporate income taxes. According to the Wall Street Journal’s recent study of Congressional Budget Office numbers, corporations are paying an effective rate of 12.1%, the lowest in at least 40 years. So why are some of the biggest and most powerful entities in our society getting away with paying so little? The story is complicated, but the biggest factor in the recent collapse in corporate tax receipts appears to be a set of tax breaks built into recent stimulus efforts.

    In 2010 and 2011, companies were allowed to deduct the full cost of the purchases of new equipment, while normally these costs would be expensed over several years. In 2012, this deduction will go down to 50% and be eliminated altogether thereafter, causing the effective tax rate to return to roughly the 25.6% average effective tax rate corporations paid since the late 1980s, according to CBO forecasts.



    Read more: The Corporate Tax Rate Is Lowest in Decades; Is Business Paying Its Fair Share? | TIME.com The Corporate Tax Rate Is Lowest in Decades; Is Business Paying Its Fair Share? | TIME.com
    Oh, good lord; "fair share." Something people LOVE to toss around but nobody wants to define, so that it can always mean "more than they're paying now."
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    Re: Corporations Aren't People

    Quote Originally Posted by Gipper View Post
    Now now, she read a leftist blog. She's as learned as about 70% of DP.
    Can't debate the numbers from the site so just attack the site

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    Re: Corporations Aren't People

    Quote Originally Posted by rabbitcaebannog View Post
    Sad to see you can't debate back because you have nothing to back up your insults.
    No. You've simply offered little to back up your factual assertions, and I've told what the problem is with those things you HAVE offered.

    If that's all you've got, then there isn't much else to say. You don't have the faintest idea what you're talking about, and you don't even know why your "support" doesn't actually . . . support you. (Even though I've told you.)
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    Re: Corporations Aren't People

    Quote Originally Posted by rabbitcaebannog View Post
    Can't debate the numbers from the site so just attack the site
    If you want to tax corporations to support spending, stop taxing individuals...
    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...
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    Re: Corporations Aren't People

    Why do threads have to progress right to left on the bell curve?
    Either I'm right or you're wrong.

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    Re: Corporations Aren't People

    Quote Originally Posted by rabbitcaebannog View Post
    Here is a source that quotes different and my source uses more than one year: The Corporate Tax Rate Is Lowest in Decades; Is Business Paying Its Fair Share? | TIME.com

    But there is another source of federal revenues that receives less attention: corporate income taxes. According to the Wall Street Journal’s recent study of Congressional Budget Office numbers, corporations are paying an effective rate of 12.1%, the lowest in at least 40 years. So why are some of the biggest and most powerful entities in our society getting away with paying so little? The story is complicated, but the biggest factor in the recent collapse in corporate tax receipts appears to be a set of tax breaks built into recent stimulus efforts.

    In 2010 and 2011, companies were allowed to deduct the full cost of the purchases of new equipment, while normally these costs would be expensed over several years. In 2012, this deduction will go down to 50% and be eliminated altogether thereafter, causing the effective tax rate to return to roughly the 25.6% average effective tax rate corporations paid since the late 1980s, according to CBO forecasts.



    Read more: The Corporate Tax Rate Is Lowest in Decades; Is Business Paying Its Fair Share? | TIME.com The Corporate Tax Rate Is Lowest in Decades; Is Business Paying Its Fair Share? | TIME.com
    Yeah, let's include corporations that actually show losses. Tell me - what's the effective tax rate on 0 profit?

    Also, they're expensing up front. That does not change the overall taxable income. It only changes how it's recorded. It's the same difference between doing a straight-line depreciation and a declining balance depreciation. If you want to reduce more taxable income early on, you go declining balance. This will give you a tax break early on by deducting more earned income immediately, but you record less income in the future. In the end, a) you still have the same tax basis, and b) you still have the same ending number. All you're doing is delaying the inevitable. That's the same reason why companies with losses in the late aughts are able to carryover now. It's just creative accounting. The long term numbers do not change.

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    Re: Corporations Aren't People

    Quote Originally Posted by Harshaw View Post
    Yes, if they're correct, but that isn't the claim you made. Or if you did, you did so poorly.



    It doesn't say they don't pay the rate. It says they don't pay much more in a monetary sense than corporations in other countries.

    And as for that "55 percent" which supposedly paid no federal income taxes . . . did they make a profit? Such a number is meaningless without context.
    I did quite well. And, the other countries they were talking about are suppose to have a lower effective rate than US corporations only many US corporations are paying less due to a myriad of breaks and loopholes.

    If you are interested in seeing which corporations paid no taxes to see if they were profitable, here is a link: Thirty companies paid no U.S. income tax 2008-2010: report | Reuters

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