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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

    Simple solution...end all corporate/business taxes.

    Give American companies an edge in the global economy.

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

    Most people fail to realize that corporate taxes are built into the products and services they buy so everyone pays them. The companies are just tax collectors. That makes corporate taxes very regressive. The left should hate them. It really gets down to how big the government should be and there is certainly to consensus there.

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

    Quote Originally Posted by HenryChinaski View Post
    the corporate tax rate is too high for those that pay it. the bigger players can find ways around it.

    the individual rates are a bit too low, especially for those who make most of their living investing. we should cut our corporate rates below Europe, collect those rates from all corporate entities, return to the 1990s rates for individuals, and tax investment income as income above a cap.

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

    Quote Originally Posted by apdst View Post
    They should be forced out of business and the airline industry should be run by the government.
    Yeah, they could man all planes with Air Force pilots! "Off we go into the wild blue yonder, climbing high into the sun; Here they come zooming to meet our thunder, at e'm boys give 'er the gun...."
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    re: Boeing Paid No Federal Income Tax Last Year: Analysis

    Quote Originally Posted by Carjosse View Post
    The last time I checked most small businesses and your average joe don't have the ability to off-shore money or other massive tax saving loopholes and take advantage of things only a large team of corporate tax accountants could do. What they they are doing could very well be illegal.
    Actually it is pretty simple and completely legal for an individual to incorporate to protect assets. Happens all the time. There comes a point when you figure out that no amount of complaining is going to change it and learn to use it to your advantage. Not doing so is simply ignorant.

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

    Quote Originally Posted by DA60 View Post
    Simple solution...end all corporate/business taxes.

    Give American companies an edge in the global economy.
    I'd agree with that. Most other countries are helping / supporting their companies compete in the global market in some way or ways, with the understanding or result that doing so brings money from overseas earning back home, which in turn expands the business's domestic entities.

    Isn't that what we really want? Strong domestic business growth. Lots of domestic jobs because it is a business advantage to the businesses' domestic entities?

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

    Quote Originally Posted by American View Post
    Yeah, they could man all planes with Air Force pilots! "Off we go into the wild blue yonder, climbing high into the sun; Here they come zooming to meet our thunder, at e'm boys give 'er the gun...."
    It would settle the tax problem. Companies that don't make a profit don't pay taxes. Amtrack doesn't pay taxes and the Libbos don't mind.
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    re: Boeing Paid No Federal Income Tax Last Year: Analysis

    Quote Originally Posted by specklebang View Post
    From the article:


    Boeing is the employer of 170,000 workers in the US. Generally, their wages seem to be at least $20-$30 per hour, which won't get you into the Country Club but allows a modest middle class lifestyle.

    Now, do these huge corporations have tax laws passed that are convenient for them? Sure. Our politicians will do anything for money. But I don't care if they pay taxes IF they are hiring American workers.

    IMHO, I would like to see the outsourcers pay double the taxes and the domestic employers pay none. That might just bring some fairness back to the situation.
    Boeing 787’s problems blamed on outsourcing, lack of oversight | Business & Technology | The Seattle Times
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    re: Boeing Paid No Federal Income Tax Last Year: Analysis

    Quote Originally Posted by specklebang View Post
    IMHO, I would like to see the outsourcers pay double the taxes and the domestic employers pay none. That might just bring some fairness back to the situation.
    First off, everybody outsources. Outsourcing has taken on a pejorative term and in its unqualified use obviously refers to importing things. So what? The average workers goes to work, specializes in that job, gets paid and then uses those wages to buy everything else that he or she needs. All of those things are outsources, many of them are imported. Particularly consumer goods of course.

    They're going to outsource paper and will buy trucks and do other things as well.

    Ultimately you can't say that companies outsourcing should pay 'double the tax' because obviously those laws would violate trade agreements.

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

    Quote Originally Posted by Thom Paine View Post
    Boeing is not the bad guy; they didn't write the tax code. There is only one tax code applicable to all individuals and businesses.
    It does seem amusing that "average Joe" deserves to take every advantage and properly use the tax code, to avoid tax fees, but businesses are the bad guys when they follow the same laws.
    Take it up with Congress.

    Logic is often elusive to some

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    Yes, but to flip that the people (or the 47% according to Romney), are the bad guys to many conservatives. So the hypocrisy works both ways.

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