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

99percenter

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http://finance.yahoo.com/news/the-insane-u-s--corporate-tax-system-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.


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-insane-u-s--corporate-tax-system-145353359.html
 
http://finance.yahoo.com/news/the-insane-u-s--corporate-tax-system-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.

While the corporate elite are getting away with a 0% tax rate, small businesses are being taxed and regulated out of the market. This system is intentionally designed to make the rich richer.

Check this out: Some small businesses are paying nearly double in taxes what your average corporate giant pays(the ones that don't get away with paying 0%, that is).

Some Small Businesses Pay Tax Rates More Than Double Those Of Large Corporations: Study

Insane.
 
There's no question that the U.S. corporate tax system is broken, as many CEOs would argue.

Oh I'm sure they would. Most still, somehow, feel like the tax system isn't already slanted far enough in their favor. :shrug:
 
Oh I'm sure they would. Most still, somehow, feel like the tax system isn't already slanted far enough in their favor. :shrug:

You'll have to argue that with the OP, I just quoted from the site he posted, and I posted the exact same reference
 
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-insane-u-s--corporate-tax-system-145353359.html

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.
 
The effective corporate tax rate isn't the highest in the world.

Partisan hackjobs don't know the difference between effective and statutory.

WASHINGTON—U.S. companies are booking higher profits than ever. But the number crunchers in Washington are puzzling over a phenomenon that has just come into view: Corporate tax receipts as a share of profits are at their lowest level in at least 40 years.

Total corporate federal taxes paid fell to 12.1% of profits earned from activities within the U.S. in fiscal 2011, which ended Sept. 30, according to the Congressional Budget Office. That's the lowest level since at least 1972. And well below the 25.6% companies paid on average from 1987 to 2008.

Tax Break Pushes Corporate Taxes to Just 12.1% of Profits, Lowest Level in 40 Years - WSJ

GAO: U.S. corporations pay average effective tax rate of 12.6% - Jul. 1, 2013
 
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-insane-u-s--corporate-tax-system-145353359.html

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.

Tax Revenue - TypeTaxVsRevenue.jpg

Lower the rates and cut out the loopholes to make corporations pay their fair share.
 
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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%.
 
http://finance.yahoo.com/news/the-insane-u-s--corporate-tax-system-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
 
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-insane-u-s--corporate-tax-system-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...
 
http://finance.yahoo.com/news/the-insane-u-s--corporate-tax-system-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?
 
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.
 
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?
 
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.
 
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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).
 
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.

View 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.
 
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.
 
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
 
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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