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

  1. #51
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by ocean515 View Post
    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?
    http://www.americansfortaxfairness.o..._PR_final1.pdf
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    Re: 20 U.S. companies that paid 0% in taxes

    And you wonder why when you have double taxation.

    Double taxation is a term used to describe the way taxes are imposed on corporate shareholders and on corporations. The corporation is taxed on its earnings (profits), and the shareholders are taxed again on the dividends they receive from those earnings.

    There is a continuing discussion about the fairness of taxing dividends in addition to taxing the corporation; note that the corporation itself pays tax on its profits and dividends are taxed to the individual shareholders.

    Corporate Double Taxation - Business Tax Law
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    Re: 20 U.S. companies that paid 0% in taxes

    Thank you. No wonder public employee pension funds invest so heavily in Merck. Smart management doing their fiduciary duty for it's investors and employees.

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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 thay don't want to leave.

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

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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.
    nice strawman we are not talking effective tax rate.

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

    Quote Originally Posted by ludin View Post
    nice strawman we are not talking effective tax rate.
    read the thread title again!

    we are talking about the effective tax rate
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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

    Quote Originally Posted by Born Free View Post
    Corporations should be taxed at "0". When dividends are issued to the shareholders they are taxed on that dividend as ordinary income.

    Worse yet, and you wonder why Corporations do everything they can to not pay taxes.

    Double taxation is a term used to describe the way taxes are imposed on corporate shareholders and on corporations. The corporation is taxed on its earnings (profits), and the shareholders are taxed again on the dividends they receive from those earnings.

    There is a continuing discussion about the fairness of taxing dividends in addition to taxing the corporation; note that the corporation itself pays tax on its profits and dividends are taxed to the individual shareholders.

    Corporate Double Taxation - Business Tax Law
    We'll need to change the law if corporations are going to be taxed at 0%.
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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.
    And yet...not a word uttered about the almost $4 Trillion that individuals didn't pay over the 4 year period from 2012 to 2016.

    Top 10 Individual Tax Breaks - US News
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    Re: 20 U.S. companies that paid 0% in taxes

    Quote Originally Posted by Mycroft View Post
    And yet...not a word uttered about the almost $4 Trillion that individuals didn't pay over the 4 year period from 2012 to 2016.

    Top 10 Individual Tax Breaks - US News
    We should just do away with all deductions, and tax at a fair rate.

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

    Quote Originally Posted by Lord of Planar View Post
    We should just do away with all deductions, and tax at a fair rate.
    I agree.

    Unfortunately, that will never happen. Politicians will never give up a method that enables them to influence, coerce and control all American individuals and businesses.
    TANSTAAFL

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