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U.S. Companies Now Stashing $2 Trillion Overseas

ReverendHellh0und said:
well when you manipulate the data and exclude the vast majority of corporations.......


"Large, profitable U.S. corporations paid an average effective federal tax rate of 12.6% in 2010, "


note the word "large".


You can see that by just selecting "large", you get only a very small sample of corporate effective tax rates:

Statistics about Business Size (including Small Business) from the U.S. Census Bureau
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Yea but those are the freaking companies that are hoarding the 2 trillion abroad.

I fully understand that US companies who do most of their business in the US and dont cheat on their taxes.. sorry use accounting tools to move profits abroad.. that these companies would love to have the corporate tax reduced.

Reducing the tax rate will help these companies sure, but it wont do anything what so ever for the large companies who already are paying next to nothing in taxes. Do you really think that companies like Apple will pay more in taxes just because the tax rate has fallen? They still abuse.. err exploit the international tax code to their favor and keep the money abroad. They are loading up on debt in the US at the moment, to pay dividend and other things, and this debt is of course.. tax deductible in some way which will lower the tax burden in the US even more... and it is not like they need to borrow.. it is just an accounting measure after all.... that these large companies bribed US congressmen to put into the tax law in the first place.

Ireland is being forced to stop its "Apple tax" policies, and hopefully Luxembourg is next on the hit list. This tax avoidance bull**** by the wealthiest 1% of people and companies has to stop.
 
ReverendHellh0und said:
It would make my forbes link the more accurate of the claims.
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By what metric of accuracy?

With the inclusion of unprofiable filers, U.S. corporations had an effective tax rate of 22.7%. If you remove unprofitable filers from the calculation, effective corporate tax rates (including state and local taxes) come out to 17%.

Source
 
OrphanSlug said:
Spare us the BS on trickle down theory, only a handful of far right leaning economists still buy into that nonsense. ...
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I seriously doubt that any true economist buys into trickle down. Maybe some far right political talking heads, but last time I checked, none of those guys have PhDs in economics or have ever been employed as an economist.
 
imagep said:
Most companies pay nothing in corporate income taxes, so I don't really know that adding in all corporations would really effect that percentage much, if anything, it would be lower.

Only C-corps pay corporate income tax, but they get other advantages in exchange. It's a trade off, and one that they voluntarily made.
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All Corporations pay nothing in taxes.

It just gets passed on to the Consumer.

Of-course I was well aware of this before Gruber called everyone bunch of idiots.

You want to repatriate that money AND have it have a positive worthwhile economic effect ?

Start by Killing Obama Care and reduce tax rates for Corporations down to zero.

Cut Capital Gains taxes. Do things that actually work.
 
imagep said:
I seriously doubt that any true economist buys into trickle down. Maybe some far right political talking heads, but last time I checked, none of those guys have PhDs in economics or have ever been employed as an economist.
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Lol !!

No, those " true " economist are still applauding the extraordinary success of Japans Keynesian solutions !

You HAVE to learn the distinction between a Liberal hack posing as a economist and a REAL economist.
 
AlabamaPaul said:
If you want to attract business, eliminate corporate taxes...
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Or better yet, eliminate taxation on the worker-consumer class. Business expands or contracts to meet demand.
 
imagep said:
Or better yet, eliminate taxation on the worker-consumer class. Business expands or contracts to meet demand.
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Without employers, there will be no workers...
 
TheDemSocialist said:
Read more @: U.S. Companies Now Stashing $2 Trillion Overseas

If only the $2 trillion would trickle down! But hey even if our tax laws are reduced (even tho we have a pretty damn low effective corporate tax rate), would be reduced it would do little to the economy. [/FONT][/COLOR]
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Until taxes are lowered and socialist are dead, why shouldn't they hide as much as possible.

People not allowing the government to steal their money is not a problem with the US economy, Dumbass workers who think they deserve more than their labor is actually worth, dumbass environmentalists and high taxes are the problems.
 
DVSentinel said:
Until taxes are lowered and socialist are dead, why shouldn't they hide as much as possible.

People not allowing the government to steal their money is not a problem with the US economy, Dumbass workers who think they deserve more than their labor is actually worth, dumbass environmentalists and high taxes are the problems.
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Let me know when the next red scare comes where you can lock people up based on political beliefs. Im sure you will be jumping for joy! So much for that "liberty and freedom"
 
imagep said:
I seriously doubt that any true economist buys into trickle down. Maybe some far right political talking heads, but last time I checked, none of those guys have PhDs in economics or have ever been employed as an economist.
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Well, it is distraction at best. From the OP an intentional way to ignore that tax policy created the very condition he is complaining about.
 
Fenton said:
All Corporations pay nothing in taxes.

It just gets passed on to the Consumer.

Of-course I was well aware of this before Gruber called everyone bunch of idiots.

You want to repatriate that money AND have it have a positive worthwhile economic effect ?

Start by Killing Obama Care and reduce tax rates for Corporations down to zero.

Cut Capital Gains taxes. Do things that actually work.
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This is contradictory. You should be talking about cause and effect.

Yes corporations pay taxes, and spend a fortune lowering their liability through buying legislators. The preferred approach for that liability is to pass taxation costs down the line into higher prices for goods and services.

What no one seems to want to admit is we have a simple solution that even Keynes himself alluded to. If we lowered corporate tax rates there would be downward pressure on prices for goods and services, and by effect we might see more of them purchased. Since our weak economic model is based upon consumer debt purchasing we might find more of that occurring.
 
OrphanSlug said:
This is contradictory. You should be talking about cause and effect.

Yes corporations pay taxes, and spend a fortune lowering their liability through buying legislators. The preferred approach for that liability is to pass taxation costs down the line into higher prices for goods and services.

What no one seems to want to admit is we have a simple solution that even Keynes himself alluded to. If we lowered corporate tax rates there would be downward pressure on prices for goods and services, and by effect we might see more of them purchased. Since our weak economic model is based upon consumer debt purchasing we might find more of that occurring.
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Not likely. Household debt became astronomical before the recession and the bankruptcy laws were changed to make straight discharges harder to get. If gas prices remain low compared to recent years, there may be some pick up in demand. I have even gone out less and spent less in recent years even though I could have afforded otherwise in part because of the price of gas. I felt like I was being wasteful to even go window shopping or looking for ideas for projects.
 
It's their money, why is it of any concern to anyone other than an owner/stock holder what they do with it? Unless , of course, you just see a big pile and think the government (and hence you by proxy) should get a slice just cuz.
 
WallStreetVixen said:
The effective corporate tax rate really isn't a good indicator of capturing what Corporations pay in corporate taxes.

If anything, it is probably misleading.
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What metric do you suggest one use to capture what corporations pay in corporate taxes?
 
imagep said:
Then corporate taxation shouldn't be an issue at all. Thanks for clearing that up.
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Stop being so dishonest.

I repeat, its an ISSUE because corporate taxes gets passed on to the Consumer in higher cost on goods and services.

It also forces Corporations and Businesses to move away from locals which have high tax burdens.
 
AlabamaPaul said:
Without employers, there will be no workers...
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Without customers, there would be no employers.

Which comes first; the chicken or the egg?

You have to ask yourself this: what business is going to produce just to fill up warehouses with goods that they can't sell?

Businesses respond to demand. Without an increase in demand, there is no reason that any company would start producing more.

More demand is created when consumers have more money in their pockets. Thus, if we desire business expansion, we need to be figuring out how consumers can get more money in their pockets.

Tax cuts for those with the highest propensity to spend would be a good start.
 
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Fenton said:
Stop being so dishonest.

I repeat, its an ISSUE because corporate taxes gets passed on to the Consumer in higher cost on goods and services.

It also forces Corporations and Businesses to move away from locals which have high tax burdens.
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Someone has to pay taxes. If we eliminated corporate taxes, we would have to increase individual income taxes, and the net effect on the economy would be just the same.
 
WallStreetVixen said:
The effective corporate tax rate really isn't a good indicator of capturing what Corporations pay in corporate taxes.

If anything, it is probably misleading.
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The tax rate they actually pay "isnt a good indicator of caputring what Corporations pay in corporate taxes"? :confused: :doh
 
So, lets pretend they bring all the money back? what happens? it gets confiscated to the coporate government we have and redistributed right back to them, and the politicians cronies.


Government is too big. over taxes, and should be cut into about a third.
 
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