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Thread: The Wisconsin Lie Exposed Taxpayers Actually Contribute Nothing To Public Employee

  1. #31
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    Re: The Wisconsin Lie Exposed Taxpayers Actually Contribute Nothing To Public Emplo

    Quote Originally Posted by Nevergolfpar View Post
    What country do you live in? You do realize that America does have the highest corporate tax rates in the WORLD!!!!!!!!!!!!!! So if someone wants to give a tax break to our employers err corporations than so the hell what? If this 'tax break' costs the teachers in Wisconsin a reduction from $100,000 to $78,000 to $50,000 (including deferred compensation) then I am all for it and the private sector jobs that follow. You go on ahead and remain simplistic in your view on how the real world works, while I and those you think like me, are busy creating jobs and making money.
    ...and what country do you live in? Here, in the United States, the tax rates on corporations appear quite high, but no one takes them seriously, as most large corporations do not pay taxes. In fact, the corporate contribution to overall receipts has been steadily dropping for years, replaced by payroll taxes. Payroll taxes are levied disproportionately on the lowest wage earns (the five figure crowd)....




    You can go ahead and be naive and simplistic about how the real world works while a very damaging trend of bifrucating the US economy into some type of third world country that has rich and poor and nothing in between weakens the foundation of this country.

  2. #32
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    Re: The Wisconsin Lie Exposed Taxpayers Actually Contribute Nothing To Public Emplo

    Quote Originally Posted by Nevergolfpar View Post
    What country do you live in? You do realize that America does have the highest corporate tax rates in the WORLD!!!!!!!!!!!!!! So if someone wants to give a tax break to our employers err corporations than so the hell what? If this 'tax break' costs the teachers in Wisconsin a reduction from $100,000 to $78,000 to $50,000 (including deferred compensation) then I am all for it and the private sector jobs that follow. You go on ahead and remain simplistic in your view on how the real world works, while I and those you think like me, are busy creating jobs and making money.
    Do you have a link for any of that info? You can't just go around throwing miscellaneous stats around like they are fact. Here are some actual stats for you (not that you'll read them):

    U.S. Uncut, "Progressive Tea Party," Demands Corporations Pay Their Taxes - Blogcritics Politics
    The embryonic wave of activism is in part a response to the Tea Party's focus on budget cutting, which has led to proposals for drastic cuts in U.S. states and nationally, cuts which are seen as primarily impacting working people. The massive protests in the Midwest against moves to eliminate collective bargaining have been one response.image of US Uncut protest

    U.S. Uncut wants to shift the budget focus to the billions of corporate taxes that go uncollected because of various deductions. According to a Forbes list, Bank of America, for example, with "a provision for credit losses of $49 billion, probably won't be paying taxes for a long time."

    Companies like ExxonMobil and Chevron pay little or no U.S. income tax despite many billions of dollars in domestic sales. That's in contrast to Wal-Mart, which paid nearly a third of its profit in taxes in 2009, the kind of percentage a working family would be familiar with.
    What The Top U.S. Companies Pay In Taxes - Forbes.com
    Corporations are paying lower amounts of their profits in taxes now than in the past," says Douglas Shackelford, who teaches tax law at the University of North Carolina at Chapel Hill. "Other countries have been lowering their rates, but not the U.S."
    Go Tar Heels!

    And Exxon says they don't need to disclose how much tax they pay to us:
    Though Exxon's financial statement's don't show any net income tax liability owed to Uncle Sam, a company spokesman insists that once its final tax bill is figured, Exxon will owe a "substantial 2009 tax liability." How substantial? "That's not something we're required to disclose, nor do we."
    And how about General Electric:
    The most egregious example is General Electric ( GE - news - people ). Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion. Avoiding taxes is nothing new for General Electric. In 2008 its effective tax rate was 5.3%; in 2007 it was 15%. The marginal U.S. corporate rate is 35%.
    So, what world do you live in, sir?
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  3. #33
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    Re: The Wisconsin Lie Exposed Taxpayers Actually Contribute Nothing To Public Emplo

    Quote Originally Posted by upsideguy View Post
    ...and what country do you live in? Here, in the United States, the tax rates on corporations appear quite high, but no one takes them seriously, as most large corporations do not pay taxes. In fact, the corporate contribution to overall receipts has been steadily dropping for years, replaced by payroll taxes. Payroll taxes are levied disproportionately on the lowest wage earns (the five figure crowd)....

    You can go ahead and be naive and simplistic about how the real world works while a very damaging trend of bifrucating the US economy into some type of third world country that has rich and poor and nothing in between weakens the foundation of this country.
    Well, Upside, your post made me do some homework --

    2008 Federal Revenue

    12% Corporate Taxes
    45% Individual Income Tax
    36% Payroll Taxes (this is NOT income tax withholding but is SS, Medicare, RR Retirement, Fed Worker Pensions, Unemp Ins.)
    3% Excise Taxes
    4% Other

    I must admit I'm very surprised that corporate taxes represent only 12% of the Fed's revenue. I don't know how to put it into context, though. I think that most smaller corporations make sure they don't show a profit in their corporations by taking all of the income out as personal salaries. But still, thinking about the Fortune 500 companies, I would have expected them to pay more than 12%. Huh.
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    Re: The Wisconsin Lie Exposed Taxpayers Actually Contribute Nothing To Public Emplo

    Quote Originally Posted by hazlnut View Post
    Why is that overcompensation?



    Well, they've have the money if they stop giving tax breaks to corporations. -- Yes, the part of the story Foxies don't get.
    Let me google that for you
    Overcompensated | Define Overcompensated at Dictionary.com
    "It is a sad day in society when people adjust the facts to fit their beliefs, rather than adjust their beliefs to fit the facts."
    Libertarian/Conservative/Christian Beliefs

  5. #35
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    Re: The Wisconsin Lie Exposed Taxpayers Actually Contribute Nothing To Public Emplo

    Quote Originally Posted by upsideguy View Post
    ...and what country do you live in? Here, in the United States, the tax rates on corporations appear quite high, but no one takes them seriously, as most large corporations do not pay taxes. In fact, the corporate contribution to overall receipts has been steadily dropping for years, replaced by payroll taxes. Payroll taxes are levied disproportionately on the lowest wage earns (the five figure crowd)....




    You can go ahead and be naive and simplistic about how the real world works while a very damaging trend of bifrucating the US economy into some type of third world country that has rich and poor and nothing in between weakens the foundation of this country.
    I intended this graph to go with my post:

    Numbers_Figure-2_What-are-federal-govt-sources-of-revenue_1.jpg
    Last edited by upsideguy; 03-01-11 at 02:17 AM.

  6. #36
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    Re: The Wisconsin Lie Exposed Taxpayers Actually Contribute Nothing To Public Emplo

    Quote Originally Posted by Nevergolfpar View Post
    What country do you live in? You do realize that America does have the highest corporate tax rates in the WORLD!!!!!!!!!!!!!! So if someone wants to give a tax break to our employers err corporations than so the hell what? If this 'tax break' costs the teachers in Wisconsin a reduction from $100,000 to $78,000 to $50,000 (including deferred compensation) then I am all for it and the private sector jobs that follow. You go on ahead and remain simplistic in your view on how the real world works, while I and those you think like me, are busy creating jobs and making money.
    and i thought japan had the highest corporate tax rate. i am certain you will provide a cite to prove your position

    but what does the tax rate really mean if the tax code provides ample loopholes to exclude revenues from becoming taxable income
    http://www.gao.gov/new.items/d08957.pdf
    such that over half of corporations pay no income tax

    or let's examine what segment of society is actually carrying the load (and which is being relieved of its burden to support government spending)
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  7. #37
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    Re: The Wisconsin Lie Exposed Taxpayers Actually Contribute Nothing To Public Emplo

    Quote Originally Posted by upsideguy View Post
    ...and what country do you live in? Here, in the United States, the tax rates on corporations appear quite high, but no one takes them seriously, as most large corporations do not pay taxes. In fact, the corporate contribution to overall receipts has been steadily dropping for years, replaced by payroll taxes. Payroll taxes are levied disproportionately on the lowest wage earns (the five figure crowd)....




    You can go ahead and be naive and simplistic about how the real world works while a very damaging trend of bifrucating the US economy into some type of third world country that has rich and poor and nothing in between weakens the foundation of this country.
    Why do ya'll keep saying that? The only way for a corporation not to pay any taxes it to not report any profit.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: The Wisconsin Lie Exposed Taxpayers Actually Contribute Nothing To Public Emplo

    Quote Originally Posted by MaggieD View Post
    Well, Upside, your post made me do some homework --

    2008 Federal Revenue

    12% Corporate Taxes
    45% Individual Income Tax
    36% Payroll Taxes (this is NOT income tax withholding but is SS, Medicare, RR Retirement, Fed Worker Pensions, Unemp Ins.)
    3% Excise Taxes
    4% Other

    I must admit I'm very surprised that corporate taxes represent only 12% of the Fed's revenue. I don't know how to put it into context, though. I think that most smaller corporations make sure they don't show a profit in their corporations by taking all of the income out as personal salaries. But still, thinking about the Fortune 500 companies, I would have expected them to pay more than 12%. Huh.
    What percentage of this figure are matching funds, paid by employers?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  9. #39
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    Re: The Wisconsin Lie Exposed Taxpayers Actually Contribute Nothing To Public Emplo

    Quote Originally Posted by Badmutha View Post
    Let the parroting begin....



    ........after that 100 cents is stolen from the taxpayers.
    .
    .
    .
    .
    .
    After the workers labor is stolen by the state?
    Or are these people being paid to do work?
    I may be wrong.

  10. #40
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    Re: The Wisconsin Lie Exposed Taxpayers Actually Contribute Nothing To Public Emplo

    Quote Originally Posted by apdst View Post
    What percentage of this figure are matching funds, paid by employers?
    I would assume that 18% (half of the 36% of payroll taxes) or thereabouts is paid by employers. If you're saying, then, that business pays 12% plus 18%, or 30%, I can see your point. But when people are talking about corporations paying taxes, I think they are generally talking about them paying income tax on their profits -- which is what that 12% represents.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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