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Study finds Corporate America avoided $60B in taxes (2010)

Yeah, I think you can really relate to slaves... Of course since you pay a tax rate you despise, you know exactly how it feels to see your own children put in little baby hand cuffs and shackles, crammed on a ship, and later sold in a auction.

You haven't been whipped this hard literally, but the burden of paying your tax rate stings just as bad and dehumanizes just as much.

slave.jpg




Your emotional arguments equate to pure BS, and I am tired of ****ing reading your whiny posts. I have seen your write posts and say you are being raped. You're not a rape victim. You're not a ****ing slave. It's just like in the other thread you were arguing the government confiscates your wealth, but not people in a lower tax bracket. WTF, just WTF.

Keep running your mouth, because the more you do, the more and more difficult it becomes to feel sorry for you.

You play the race card, then complain about people being emotional?
 
The fewer facts your argument contains, the better off it is.

This explains much about your posts. Thanks! :sun
 
Unfortunately, gross profit is a confusing word if you do not have a business or accounting background. Technically, gross profit is revenue less cost of revenue.... operating expenses are then deducted from gross profit to yield net income for interest and taxes (usually). My guess is the "lay" definition (what those not versed on business or accounting) would like of as gross profit. The tax deductions/loopholes, however, are the book/tax differences in various expenses, including depreciation, amortization and cost allocations that move costs domestically, but offshore revenue (and therefore profits). Its the 2nd set of books that cause the problem.

We should lower corporate tax rates to 25%, but eliminate many tax preferences and crack down on FISC/DISCs and other offshoring schemes. For business, tax simplification would very much be in our interest.

Finally someone that makes some sense, and I agree that we need to lower the the nomal rate, I would like to see it lowered to one of the lowest in the world to encourage business to stay and to relocate here.

I've always been one that has been in favor of a flat tax .. or a consumption tax and no other federal tax. I believe that would end up being a fairer tax rate on everyone, and anyone including large corporation to end up paying nothing.

If I remember right we have something like 70,000 pages of tax laws, anyone and I mean anyone that thinks we have that many pages, and loopholes were not inserted deliberately are just not using common sense.

I've been in business for My livelihood twice, theses were small buinesses that employed no more then 9 people, and I can tell you from experience, that you don't have to be a multi million dollar company to avoid taxes. Is it right? I don't know, the laws are written for people to use, I paid dearly to accountants to see that I followed those laws, but those dollars were returned 5 fold in savings.

So I agree with you, simplify the tax codes, lower all rates for everyone, if this was done I believe you would see a growth in revenue to our government, and a growth in jobs and all the good things that come with it.
 
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And here I was told it was just a peice of paper, and not a suicide pact (when people were defending the Patriot Act)

opps but wait ..... now that we have a liberal in the white house ... that has expanded the Patriot Act .. it seem to longer be an issue .. to those very same people that were squeeling like stuck pigs about it's passing ... wonder why that is ?
 
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