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Thread: Boeing Paid No Federal Income Tax Last Year: Analysis

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    Re: Boeing Paid No Federal Income Tax Last Year: Analysis

    Quote Originally Posted by Lord of Planar View Post
    I agree. However, an offshore account isn't where taxes are kept.

    Why should corporations pay taxes or get tax breaks. Let the stock holders pay taxes on their profits rather than taxing them twice. Let the burden of taxes and paying the tax attorneys be lifted so they can sell their products cheaper to the public and compete better in the world market.
    Every tax ends up on a price tag somewhere. Boeing's taxes will be paid by everyone jammed into an airline seat eating 3-day-old chicken Kiev. It won't come off the top of the executive package, that's for sure.
    Taxes are like laws- they're easy so there's 'way too many of them.
    "I did not mean that Conservatives are generally stupid people. I meant that stupid people are generally Conservatives."
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    Re: Boeing Paid No Federal Income Tax Last Year: Analysis

    Boeing makes an interesting argument. Tax breaks for corporations really are quid pro quo arrangements. The state gives them tax breaks and, in return, they are expected to provide jobs. Boeing fulfilled its end of the bargain so why criticize them? On the other hand, one could make a legitimate argument that these tax incentives are far too generous especially when we wind up owing them money. Arguments for it are firmly rooted in trickle-down economic theory so how many years of individual income tax receipts derived from these new workers/positions would it take to break even with, let alone surpass, the $82 million we purchased the jobs for? Decades? Centuries? Seems to me the way things are results in a net loss in tax revenue.

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    Re: Boeing Paid No Federal Income Tax Last Year: Analysis

    Quote Originally Posted by HenryChinaski View Post
    Why SHOULD they pay tax at all ?

    And to what purpose would this serve ? Other than appeasing some arbitrary sense of fairness and equity ?

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    Re: Boeing Paid No Federal Income Tax Last Year: Analysis

    Quote Originally Posted by Napoleon View Post
    Boeing makes an interesting argument. Tax
    breaks for corporations really are quid pro quo arrangements. The state gives them tax breaks and, in return, they are expected to provide jobs. Boeing fulfilled its end of the bargain so why criticize them? On the other hand, one could make a legitimate argument that these tax incentives are far too generous especially when we wind up owing them money. Arguments for it are firmly rooted in trickle-down economic theory so how many years of individual income tax receipts derived from these new workers/positions would it take to break even with, let alone surpass, the $82 million we purchased the jobs for? Decades? Centuries? Seems to me the way things are results in a net loss in tax revenue.
    That assertion isn't based on any qualifying data.

    You can make distinctive revenue comparisons on a State level easilly.

    For instance, Texas incentivizes corporate investment and incentivizes personal investment by having one of the lowest state and public tax burdens in the Nation.

    In response, they're adding to a 10 Billion dollar surplus.

    California with their tax increases and draconian regulations on businesses are looking at a nearly 500 Billion in unfunded liabilities.

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    Re: Boeing Paid No Federal Income Tax Last Year: Analysis

    Quote Originally Posted by Fenton View Post
    That assertion isn't based on any qualifying data.

    You can make distinctive revenue comparisons on a State level easilly.

    For instance, Texas incentivizes corporate investment and incentivizes personal investment by having one of the lowest state and public tax burdens in the Nation.

    In response, they're adding to a 10 Billion dollar surplus.

    California with their tax increases and draconian regulations on businesses are looking at a nearly 500 Billion in unfunded liabilities.
    Any surplus in Texas is only made possible by the federal taxpayers in other States including Californians. Its not that those liabilities do not exist in Texas; only that someone else is paying for them.

  6. #106
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    Re: Boeing Paid No Federal Income Tax Last Year: Analysis

    Quote Originally Posted by Napoleon View Post
    Any surplus in Texas is only made possible
    by the federal taxpayers in other States including Californians. Its not that those liabilities do not exist in Texas; only that someone else is paying for them.
    Huh ??

    Oh I've got to here this.

    How is Texas pulling in Federal dollars from Californians ?

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    Re: Boeing Paid No Federal Income Tax Last Year: Analysis

    Quote Originally Posted by Fenton View Post
    Huh ?? Oh I've got to here this. How is Texas pulling in Federal dollars from Californians ?
    Texas spends more money from the federal government (to pay for its liabilities) than it contributes in federal income taxes. That means that the federal income tax receipts from people in California, for example, are used to pay for Texas' expenditures.

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    Re: Boeing Paid No Federal Income Tax Last Year: Analysis

    Quote Originally Posted by Napoleon View Post
    Texas spends more money from the federal
    government (to pay for its liabilities) than it contributes in federal income taxes. That means that the federal income tax receipts from people in California, for example, are used to pay for Texas' expenditures.
    Nonsense. If your'e not going to be honest then why show up here ?

    Texas wasn't the only state to recieve Stimulus funds.

    Its not the only State to recieve disaster aid and Texas refused Billions in Federal Funds to help expand its Medicaid program.

    And Texas has one of the lowest Tax burdens on its citizens in the Nation.

    So according to you we took Federal Funds and built a surplus thats STILL growing ? Its Bull S***. Typical Liberal dishonest BS.


    California DIDN'T refuse Federal Funds and neither did MOST Blue plague States. But their budgets are a disaster.

    You guys just can't admit that your policies destroy ed conomies and budgets.

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    Re: Boeing Paid No Federal Income Tax Last Year: Analysis

    Quote Originally Posted by Fenton View Post
    Why SHOULD they pay tax at all ?

    And to what purpose would this serve ? Other than appeasing some arbitrary sense of fairness and equity ?
    Right! and why should you or I pay taxes? **** that!
    Give a man a fish and he can eat for a day. Teach a man to fish and he can sit in a boat, drinking beer all day while you fool around with his Woman.

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    Re: Boeing Paid No Federal Income Tax Last Year: Analysis

    Quote Originally Posted by Fenton View Post
    Texas wasn't the only state to recieve Stimulus funds.
    I'm not talking about the Stimulus; which was misappropriated by the Perry regime.

    Quote Originally Posted by Fenton View Post
    Its not the only State to recieve disaster aid and Texas refused Billions in Federal Funds to help expand its Medicaid program. And Texas has one of the lowest Tax burdens on its citizens in the Nation.
    Federal subsidies and grants constitute 40% of Texas' revenue. Texas can only afford (sort of) to have a low tax burden because it is heavily subsidized by the Federal government so don't get all high and mighty about the low tax burden in Texas while the rest of the country is footing the bill.

    Quote Originally Posted by Fenton View Post
    So according to you we took Federal Funds and built a surplus thats STILL growing ?
    "While Texas’s state government debt is relatively modest—just $40 billion, or $1,577 per resident—local government debt is more than four times higher: $192 billion. That’s $7,505 per capita, according to Combs’s report—the second-highest sum in the nation, behind only New York’s municipalities and far ahead of third-place California’s. Over the last decade, moreover, local debt has increased 144 percent, much faster than the rate of population increase plus inflation."

    Link.

    You cant claim victory by gobbling up federal funds and shifting costs to local governments.

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