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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 HenryChinaski View Post
    About 6 years ago, and maybe ever since, I paid more in federal taxes than General Electric paid. Not much more than $4000, but still....

    System is rigged, I say.

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

    Quote Originally Posted by Henry David View Post
    About 6 years ago, and maybe ever since, I paid more in federal taxes than General Electric paid. Not much more than $4000, but still....

    System is rigged, I say.
    Maybe, but I seriously doubt it. It doesn't appear that way looking at their 2008 10-K, and that's the tax year the news made a heyday of it.

    By all means. Please show me from their 10-K:

    http://www.ge.com/pdf/investors/fina...ge_10K2009.pdf

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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.
    Then eliminate the corporate tax. Problem solved.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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

    Quote Originally Posted by specklebang View Post
    I do have negative feelings about businesses that take entire departments of their workers and dump them for overseas workers. Since I also proposed eliminating the tax, I suppose doubling it won't be very much.

    Many products are absolutely inappropriate for American manufacture. We can't make toys and things like that. But I've seen programmers lose their jobs to India and I'm tired of trying to transcend the accents of customer service workers overseas. So my concern is not about imported products, it's about administrative positions.
    Well, what about businesses that just sort of start up and incorporate foreign sources goods and services? For instance, I manufacture leather jackets here in NJ. I 'outsource' zippers of course and those zippers are absolutely Made in China.

    Of course, Ford tends to predate the outsourcing trends and now their Mustang has a Chinese built transmission in it. You going to tax them double now? See? Its impossible to sort out.

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

    Quote Originally Posted by newpublius View Post
    Well, what about businesses that just sort of start up and incorporate foreign sources goods and services? For instance, I manufacture leather jackets here in NJ. I 'outsource' zippers of course and those zippers are absolutely Made in China.

    Of course, Ford tends to predate the outsourcing trends and now their Mustang has a Chinese built transmission in it. You going to tax them double now? See? Its impossible to sort out.
    You ask a valid question. I don't have a good answer, it might be complicated or unsolvable. It will take more brainpower than I, even with the cat's helping, have at my disposal.

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

    Quote Originally Posted by jmotivator View Post
    Then eliminate the corporate tax. Problem solved.
    When Boeing takes billions in taxpayer funds but pays no taxes, it's good. We should reduce their taxes further.

    When the poor take thousands in taxpayer funds, it's evil. They should have their right to vote taken away and be drug tested despite the lack of probable cause.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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

    Quote Originally Posted by HenryChinaski View Post
    Lets say they HAD paid taxes. Where would they have gotten the money?

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

    Quote Originally Posted by upsideguy View Post
    What is really interesting is that corporate tax receipts account for less and less of federal tax receipts.... In fact, the largest part of tax receipts now is from payroll taxes. You know, the tax that 47% that supposedly pays no taxes, actually pays.
    If they get it all back via tax credits and benefit payments (and welfare, Medicaid, food stamps, job training, etc etc etc) are they really paying payroll tax? The govt collects about a 800bn in payroll tax, but pays out 600bn in income security, and another 800bn in social security, 500bn in medicare, etc.

    Theyre just sending checks back in forth, with more coming in than out.

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

    Quote Originally Posted by Deuce View Post
    When Boeing takes billions in taxpayer funds but pays no taxes, it's good. We should reduce their taxes further.

    When the poor take thousands in taxpayer funds, it's evil. They should have their right to vote taken away and be drug tested despite the lack of probable cause.
    The tax payer is getting a jet from Boeing. What are we getting from the poor?

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

    Do you guys even do any research yourself, or just believe what the shrills say?

    I noticed one of the links I found only talked about a tax refund Boeing received, then talked about them not paying taxes using that as an excuse. Looking at their 10-K tells a different story.

    Tell me. If any of you paid taxes throughout the year, then received a tax refund, does that mean you didn't pay taxes?

    I suggest before any of you continue to show ignorance, that you verify the facts. It's easy to search a companies 10-K form Just google "company name 10-k and year."

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