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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 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.
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    "Judge a man by his questions rather than his answers" - Voltaire
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    re: Boeing Paid No Federal Income Tax Last Year: Analysis

    Quote Originally Posted by Lord of Planar View Post
    LOL.

    You clearly missed my point.
    No point missed. The tax system is f'd up.

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

    Quote Originally Posted by opendebate View Post
    Its not really an offshore loophole though. Bottom line is that it constitutes a foreign investment and ultimately for taxation to lay one needs a jurisdictional basis, ie. minimum contacts. The United States and each individual state of course is a tax jurisdiction and if somebody avails themself of this jurisdiction they will have to pay tax. Fact is people aren't exploiting a loophole, they're choosing not to engage in taxable activity here, engaging in activities elsewhere that aren't subject to tax in the United States. Now a US Citizen is taxed on his or her worldwide income. This is because of the general jurisdiction the US has over your person.

    Here's the rub, when a US person owns a share in a foreign corporation, the United States cannot tax that foreign corporation, it can only tax the dividends received by the US citizen when paid out by the foreign corporation.

    Someday some of you might want to retire to the Bahamas or the BVI or Belize and when you do you might want to open a bar on the beach and when you do you won't be 'doing business in the United States' so not paying tax here isn't going to feel like a 'loophole' is it?

    When you take the shunpike, you don't have to pay the toll on the turnpike.

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

    Quote Originally Posted by rabbitcaebannog View Post
    No point missed. The tax system is f'd up.
    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.

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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.
    That would be fine if they didn't claim personhood and only use that term when it benefits them while trying to distant themselves when it doesn't. I say no corp tax and NO personhood. A good swap!

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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.
    We can't lower below zero.

    Also, eliminate corporate welfare as well. Problem solved.

    But if you are talking about all the planes we buy from Boeing, it seems perverse to tax Boeing on the money the government pays them for their goods.
    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 opendebate View Post
    That works for the people that don't like thinking about things, but the "loophole" isn't "carved out" by anyone. It's the nature of loopholes.
    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 opendebate View Post
    Really, are we supposed to take the words of a comedian other than a joke.

    Could not find a better example of how an uneducated electorate is hurtful to America.

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

    Quote Originally Posted by washunut View Post
    Really, are we supposed to take the words of a comedian other than a joke.

    Could not find a better example of how an uneducated electorate is hurtful to America.
    Lighten up a little.
    "Judge a man by his questions rather than his answers" - Voltaire
    "There is nothing noble in being superior to your fellow men. True nobility lies in being superior to your former self" -Hemingway

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

    Quote Originally Posted by opendebate View Post
    Lighten up a little.
    Not mad, just incredulous.

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