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

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    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
    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.

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

    Quote Originally Posted by HenryChinaski View Post
    I guess they should bend over and take it in the ass right?
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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

    Thom Paine
    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.
    Last edited by Carjosse; 02-21-14 at 08:39 PM.

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

    Quote Originally Posted by HenryChinaski View Post
    From the article:
    Boeing disputes the report’s findings, saying its federal tax rate was actually 26.4 percent last year. Chaz Bickers, a Boeing spokesman, said the analysis ignores a crucial part of the company's tax expense. When the Boeing decides to embark on building a new aircraft, its taxes are deferred to encourage investment that could take decades to materialize a profit. But once they actually deliver the aircraft, those deferred taxes turn into current ones.
    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.

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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.

    The taxes do in fact become payable; much like the re-capture of depreciation.

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

    changing the tax rate but leaving all the loopholes open will have no effect.
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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.
    Well building aircraft is hard to outsource as it it is not unskilled labour, it is usually high skill and some kind post-secondary education is required, it is how the modern economy works. Bombardier does the same thing here but they do pay taxes.

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

    Quote Originally Posted by Quag View Post
    changing the tax rate but leaving all the loopholes open will have no effect.
    It should just be eliminated altogether though. There already exist two pass thru entities in the US, the S Corp and the LLC, why do we make C Corps so unattractive. In this particular circumstance, Boeing simply gets to defer taxes so that their current liability is less than 0. The loophole here is actually an activity that the US Government wants Boeing to engage in. This isn't quite a loophole, what's happening here is that the government is saying, "Hey, Boeing, if you want you can pay what the law requires and that'll be the end of it, OR, if you do what we want you to do, we'll let you defer taxes"

    And sure enough Boeing took them up on the offer because now that investment became more attractive to undertake.

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

    Quote Originally Posted by newpublius View Post
    It should just be eliminated altogether though. There already exist two pass thru entities in the US, the S Corp and the LLC, why do we make C Corps so unattractive. In this particular circumstance, Boeing simply gets to defer taxes so that their current liability is less than 0. The loophole here is actually an activity that the US Government wants Boeing to engage in. This isn't quite a loophole, what's happening here is that the government is saying, "Hey, Boeing, if you want you can pay what the law requires and that'll be the end of it, OR, if you do what we want you to do, we'll let you defer taxes"

    And sure enough Boeing took them up on the offer because now that investment became more attractive to undertake.
    And how will increasing the tax rate have any effect on that?
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