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

  1. #21
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    Re: 20 U.S. companies that paid 0% in taxes

    Good.

    I don't think any company should pay corporate/business taxes.

    It's pointless anyway, they just pass it on to the consumer anyway (though I imagine big government lovers think that they don't and the Business Fairy comes along and gives these companies back all the monies they gave to the government in taxes).

  2. #22
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by upsideguy View Post
    All very nice. While I do agree with you that the highest corporate rate is too high, the multinationals do not pay it as they can offshore their profits; and closely-held businesses to not pay it as they set their structures up to pass the incidence of tax to shareholders. Only the successful medium to large domestic businesses actually deal with the 35% rate.....

    The 35% rate is not really a problem to most businesses, but it is a problem to some. They should lower rates and tighten transfer pricing rules and the system would be more equitable for all. Given that the average effective corporate tax rate is closer to 20%, the 35% tax bracket is somewhat moot. The system, as it is, however, isn't equitable and that is a problem.

    It also isn't equitable to the US government and other taxpayers as corporations as a whole are paying less and less taxes over the years.

    Attachment 67171347

    Lower the rates and cut out the loopholes to make corporations pay their fair share.
    All I did was quote what was published in the site that I posted. Take up your argument with the author of the OP.

    However I would add that that corporations are leaving this country not because of low taxes, it's because of high taxes. And 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.
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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.
    However corporations are leaving this country not because of low taxes, it's because of high taxes. And 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.
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by ChezC3 View Post
    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...
    You don't have to give a rat's ass about anything, and that would mean you don't give a rat's ass when a company leaves the US to acquire a lower tax base. But if you did give a rat's ass about them leaving then you might want to reform the corporate tax code so thay don't want to leave.

    BTW tell Obama to stop bitching about companies leaving the US to get a lower tax rate.

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

    Quote Originally Posted by Born Free View Post
    You don't have to give a rat's ass about anything, and that would mean you don't give a rat's ass when a company leaves the US to acquire a lower tax base. But if you did give a rat's ass about them leaving then you might want to reform the corporate tax code so that don't want to leave. Just saying
    The republicans refuse to reform the tax code. Grover Norqhuist is more important than their constituents.
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    Re: 20 U.S. companies that paid 0% in taxes

    The government is responsible for this. If they would back off the corps and go after the poor that never pay their bills and just collect welfare we would be much better off. Poor people don't offer jobs,they just avoid 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.
    Did you notice GM was near the top of the list, remember all those lost tax payer dollars that went in to bail them out at Obama's directive.
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by 99percenter View Post
    The republicans refuse to reform the tax code. Grover Norqhuist is more important than their constituents.
    Where do you come up with this BS, then you quote Grover.

    About Grover

    Grover Norquist (Twitter: @GroverNorquist) is president of Americans for Tax Reform (ATR), a taxpayer advocacy group he founded in 1985 at President Reagan’s request. ATR works to limit the size and cost of government and opposes higher taxes at the federal, state, and local levels and supports tax reform that moves towards taxing consumed income one time at one rate. ATR organizes the Taxpayer Protection Pledge, which asks all candidates for federal and state office to commit themselves in writing to the American people to oppose all tax increases. In the 113th Congress, 219 House members and 41 Senators have taken the pledge. On the state level, 14 governors and 1,035 state legislators have taken the pledge.

    Read more: About Grover | Americans for Tax Reform
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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
    How many corporations effectively pay 35%? And did you even read the op?
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    Re: 20 U.S. companies that paid 0% in taxes

    PAID NO TAXES IN THE 2ND QUARTER

    i havent read the entire thread, but did anyone catch that?

    did they bother to find out which ones of the 20 paid no taxes for a YEAR?

    i paid zero taxes in the 2nd quarter.....my 1st quarter estimate plus credit from 2013, says i owed nothing as of June 30th

    That doesnt mean my taxes will be zero for the year

    geesh....cmon people

    Companies have good quarters/bad quarters

    They make estimations based upon annual predictions

    So those twenty didnt owe anything for a quarter

    BFD!

    Now...if you can prove to me that all 20 paid zero taxes in 2013, maybe we can have a conversation
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