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Thread: 20 U.S. companies that paid 0% in taxes

  1. #111
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by gdgyva View Post
    Advantages and Disadvantages of Sole Proprietorships
    Why are you trying to tell one of the few CPAs on the forum something they already know?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  2. #112
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by Mycroft View Post
    shrug...

    Who says they have to be charged a 4% tax?
    Missing the point again are we?

    Grocery stores have profit margins that are often less than 1/4th of 1 percent. Tell me, what rate are we going to charge them on your gross tax?

    Hell...who says ANYONE has to be charged a 4% tax?
    It's pretty clear you don't even have the most pedestrian grasp of the topic.

    No deductions = Gross tax = Tax on Revenue. Meaning, I sell a product for $50. It cost me $45 total. In the realistic world, we'd tax that $5 profit. In your crazy land, we'd tax that $50. To generate parity income under a no deductions tax, that would be a 3.5% gross tax.

    Now, if we applied a 3.5% gross tax against a company that has a net profit of 0.25%, are they making any money? How do you think low margin industries are going to survive when you're hitting them with a tax that's well past their net profits? A gross tax turns a number of industries instantly negative. How is that good for the economy?

    You got any more strawmen?
    No, you just don't understand why a gross tax is idiotic.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  3. #113
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by sangha View Post
    The idea of a flat tax with no deductions just proves that some people don't have a clue how business and the tax system work.
    Generally, the partisan right favors a gross tax, yet cannot even grasp the basics as to why it's bad.

    They actually really believe that if I sell something for $2.00 and it cost me $1.99 to produce, I should pay taxes on the whole $2.00
    Indeed, and because it's the same rate for everyone, we'd have to apply a relatively high level of gross tax against low margin industries.

    LV would probably be fine under a gross tax, but anything with a margin under 10% is just screwed. And these people claim to be pro-business.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  4. #114
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by obvious Child View Post
    You do realize I'm one of the few licensed public accountants on the forum right?
    You sure could not prove that by me.
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

  5. #115
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by Born Free View Post
    You sure could not prove that by me.
    I understand the difference between effective and statutory rates. You have DEMONSTRATED you do not.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  6. #116
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by Lord of Planar View Post
    It's both.
    Not really.

    China and Vietnam had a 3% difference in tax rates.

    Vietnam is taking mountains of Chinese manufacturing because the Chinese labor markets have spiked in costs. The cost of moving entire manufacturing facilities, key staff and starting up in a new country is not worth 3$ tax difference. It is when your labor cost in Vietnam is 25% of China's.

    That suggests that taxes are basically not even a consideration, but labor is the absolute key decision.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  7. #117
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by sangha View Post
    No, you showed that you didn't understand their statement which showed that they got a tax benefit. You thought it showed that they paid taxes
    Correct me if I'm wrong, but isn't this thread titled "20 U.S. companies that paid 0% in taxes?"

  8. #118
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by obvious Child View Post
    Not really.

    China and Vietnam had a 3% difference in tax rates.

    Vietnam is taking mountains of Chinese manufacturing because the Chinese labor markets have spiked in costs. The cost of moving entire manufacturing facilities, key staff and starting up in a new country is not worth 3$ tax difference. It is when your labor cost in Vietnam is 25% of China's.

    That suggests that taxes are basically not even a consideration, but labor is the absolute key decision.
    What is the difference in freight charges between the two nations?

    What is the international shipping cost of US good to US customers compared to China or Vietnam?

    Of course that small percentage makes a difference to the bottom line. However, both have nearly equal freight charges to ship over the Pacific whereas US goods do not ship over the Pacific to US customers.


    My contention is that the shipping cost offsets wage differences for many items purchased overseas, and the tax code differences is what makes it advantageous to offshore labor. Otherwise the costs are close to identical.

  9. #119
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by Lord of Planar View Post
    What is the difference in freight charges between the two nations?
    Immaterial. The transit times between southern China and Vietnam are effectively immaterial.

    What is the international shipping cost of US good to US customers compared to China or Vietnam?
    Again, basically nil given their geography.

    My contention is that the shipping cost offsets wage differences for many items purchased overseas, and the tax code differences is what makes it advantageous to offshore labor. Otherwise the costs are close to identical.
    How does shipping costs offset wage differences when the cost of shipping per item is immaterial but the cost of labor per item is massive? When it costs you 2 cents to ship something per item to the same places, but $5 difference per item in labor, what does shipping have to do with anything at that point?

    How does the tax code relate to their low price of labor? You do realize that European nations with lower taxes then the US have comparable labor costs right? How does Vietnam's 3% lower tax rate from China's result in a massively lower wage difference?

    I don't think you really grasp anything about this topic at all.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  10. #120
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by obvious Child View Post
    Immaterial. The transit times between southern China and Vietnam are effectively immaterial.
    Shipping costs are immaterial.

    OK...

    LOL...

    LOL...

    LOL...

    I'm done with this argument with you.

    It's pointless.

    You are blind to facts. You already are determined to think one way, and facts will not change your mind.

    Shipping costs immaterial...

    LOL...

    LOL...

    LOL...

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