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

  1. #11
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by upsideguy View Post
    Only the successful medium to large domestic businesses actually deal with the 35% rate.....
    And that itself is largely dependent on their industry. Certain industries have been far more successful at getting specific tax laws they want adopted thereby reducing their effective rates well below 35%.
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by Deuce View Post
    The effective corporate tax rate isn't the highest in the world.
    Which numbers do you use for comparison?

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

    Quote Originally Posted by 99percenter View Post
    http://finance.yahoo.com/news/the-in...145353359.html

    "Merck, the second largest pharmaceutical company in the U.S., actually had a negative effective tax rate of 7.5% during the second quarter, which means it got a tax credit. Eight of the 20 companies were in real estate or real estate-related businesses."

    Looks like the "job creator's" are overtaxed.
    Here are some numbers for the corporates:

    Corporate tax rates table | KPMG | GLOBAL

    And this is quite interesting too:

    List of countries by tax rates - Wikipedia, the free encyclopedia

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

    Quote Originally Posted by Born Free View Post
    There's no question that the U.S. corporate tax system is broken, as many CEOs would argue. The problem, however, is not only that corporate tax rates are too high -- at 35% they are the highest in the world.

    http://finance.yahoo.com/news/the-in...145353359.html

    At 35% yes, they are the highest in the world, and the government and the corporations want it that way.

    Corps scream lower our tax rate, and the crowds cheer. They don't want a lower tax rate, are you kidding me? It's that high tax rate which ensures the big boys on the block stay the big boys on the block by being the only ones who can afford to pay a team of accountants and lawyers to see that they don't pay 35%. This is obviously cheaper than the cost of doing business in an economy where regulations are loosened and competition can grow. A high tax rate at base, and regulations are what keeps the big boys in business and able to work with relative impunity. Smaller businesses can't meet the criteria which allows them to jump through those specially crafted loopholes which the big boys can.

    All the while as they're raking in trillions they get to put themselves on that cross and pretend they're martyrs to an over spending, over taxing, over regulating government. Never mind that it is there god damn dollars who seat those Congressmen and Senators.. Never mind that it is their money they throw at lobbyists to see that whatever legislation is on the table has their fingerprints all over it and benefits them the greatest. Never mind that it's that 35% tax rate which give reasonable justification to low information voters to move their manufacturing overseas at such a profit that the tax rate could be 70% and they'd still be in the black quite nicely under any normal circumstance.

    47% of Federal Revenue comes from Income tax while 10% comes from Corporate taxation and I'm suppose to give a rat's ass about a 35% tax rate?

    Policy Basics: Where Do Federal Tax Revenues Come From? — Center on Budget and Policy Priorities


    C'mon man, that's the tired BS that made leave the GOP back in 08...

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

    Quote Originally Posted by 99percenter View Post
    http://finance.yahoo.com/news/the-in...145353359.html

    "Merck, the second largest pharmaceutical company in the U.S., actually had a negative effective tax rate of 7.5% during the second quarter, which means it got a tax credit. Eight of the 20 companies were in real estate or real estate-related businesses."

    Looks like the "job creator's" are overtaxed.
    Good for them.

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

    Quote Originally Posted by 99percenter View Post
    http://finance.yahoo.com/news/the-in...145353359.html

    "Merck, the second largest pharmaceutical company in the U.S., actually had a negative effective tax rate of 7.5% during the second quarter, which means it got a tax credit. Eight of the 20 companies were in real estate or real estate-related businesses."

    Looks like the "job creator's" are overtaxed.
    So, what did these big corporations do financially to lower their effective tax rate to zero? Or did they just decide they were part of evil cabal of exploiters and checked the zero bracket?

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

    So everyone who thinks deductions should be eliminated and the corporations need to pay the statutory rate needs to talk to his/her Congressional rep and get the laws changed.

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

    Quote Originally Posted by tres borrachos View Post
    So everyone who thinks deductions should be eliminated and the corporations need to pay the statutory rate needs to talk to his/her Congressional rep and get the laws changed.
    Wouldn't this apply to literally any opinion mentioned on this site?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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

    Quote Originally Posted by 99percenter View Post
    http://finance.yahoo.com/news/the-in...145353359.html

    "Merck, the second largest pharmaceutical company in the U.S., actually had a negative effective tax rate of 7.5% during the second quarter, which means it got a tax credit. Eight of the 20 companies were in real estate or real estate-related businesses."

    Looks like the "job creator's" are overtaxed.

    Excellent !

    Corporations shouldn't pay taxes.

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

    Quote Originally Posted by obvious Child View Post
    Still not aware of the difference between statutory and effective eh? Very few corporations actually pay the statutory rate. With the literal mountain of paper of deductions and deferrals, they pay far less than 35%. Helps to actually know about taxes before talking about them.
    First your statement of me not knowing the difference between statutory and effective is a ****ing lie.

    Second, all I did was quote the what was published in the site that I posted. Take up your argument with the author of the OP and tell him how stupid he is for not knowing the difference between statutory and effective.

    Third I would add that that corporations are leaving this country not because of low taxes, but because of high taxes. And your ass Obama is going around claiming anyone that leaves the US to get a lower tax rate is unpatriotic. What is unpatriotic is Obama's refusal to reform the corporate tax laws so companies have no desire to leave.

    But of course liberals can't figure that out, all liberals want to preach is, geeeee there is a difference between statutory and effective. And then cry when a company leaves to acquire a lower tax base.
    Last edited by Born Free; 08-14-14 at 10:49 AM.
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