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Boeing Paid No Federal Income Tax Last Year: Analysis

Lord of Planar said:
I agree. However, an offshore account isn't where taxes are kept.

Why should corporations pay taxes or get tax breaks. Let the stock holders pay taxes on their profits rather than taxing them twice. Let the burden of taxes and paying the tax attorneys be lifted so they can sell their products cheaper to the public and compete better in the world market.
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Every tax ends up on a price tag somewhere. Boeing's taxes will be paid by everyone jammed into an airline seat eating 3-day-old chicken Kiev. It won't come off the top of the executive package, that's for sure.
Taxes are like laws- they're easy so there's 'way too many of them.
 
Boeing makes an interesting argument. Tax breaks for corporations really are quid pro quo arrangements. The state gives them tax breaks and, in return, they are expected to provide jobs. Boeing fulfilled its end of the bargain so why criticize them? On the other hand, one could make a legitimate argument that these tax incentives are far too generous especially when we wind up owing them money. Arguments for it are firmly rooted in trickle-down economic theory so how many years of individual income tax receipts derived from these new workers/positions would it take to break even with, let alone surpass, the $82 million we purchased the jobs for? Decades? Centuries? Seems to me the way things are results in a net loss in tax revenue.
 
HenryChinaski said:
It's a rigged game for sure. Boeing Paid No Federal Income Tax Last Year: Analysis
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Why SHOULD they pay tax at all ?

And to what purpose would this serve ? Other than appeasing some arbitrary sense of fairness and equity ?
 
Napoleon said:
Boeing makes an interesting argument. Tax
breaks for corporations really are quid pro quo arrangements. The state gives them tax breaks and, in return, they are expected to provide jobs. Boeing fulfilled its end of the bargain so why criticize them? On the other hand, one could make a legitimate argument that these tax incentives are far too generous especially when we wind up owing them money. Arguments for it are firmly rooted in trickle-down economic theory so how many years of individual income tax receipts derived from these new workers/positions would it take to break even with, let alone surpass, the $82 million we purchased the jobs for? Decades? Centuries? Seems to me the way things are results in a net loss in tax revenue.
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That assertion isn't based on any qualifying data.

You can make distinctive revenue comparisons on a State level easilly.

For instance, Texas incentivizes corporate investment and incentivizes personal investment by having one of the lowest state and public tax burdens in the Nation.

In response, they're adding to a 10 Billion dollar surplus.

California with their tax increases and draconian regulations on businesses are looking at a nearly 500 Billion in unfunded liabilities.
 
Fenton said:
That assertion isn't based on any qualifying data.

You can make distinctive revenue comparisons on a State level easilly.

For instance, Texas incentivizes corporate investment and incentivizes personal investment by having one of the lowest state and public tax burdens in the Nation.

In response, they're adding to a 10 Billion dollar surplus.

California with their tax increases and draconian regulations on businesses are looking at a nearly 500 Billion in unfunded liabilities.
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Any surplus in Texas is only made possible by the federal taxpayers in other States including Californians. Its not that those liabilities do not exist in Texas; only that someone else is paying for them.
 
Napoleon said:
Any surplus in Texas is only made possible
by the federal taxpayers in other States including Californians. Its not that those liabilities do not exist in Texas; only that someone else is paying for them.
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Huh ??

Oh I've got to here this.

How is Texas pulling in Federal dollars from Californians ?
 
Fenton said:
Huh ?? Oh I've got to here this. How is Texas pulling in Federal dollars from Californians ?
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Texas spends more money from the federal government (to pay for its liabilities) than it contributes in federal income taxes. That means that the federal income tax receipts from people in California, for example, are used to pay for Texas' expenditures.
 
Napoleon said:
Texas spends more money from the federal
government (to pay for its liabilities) than it contributes in federal income taxes. That means that the federal income tax receipts from people in California, for example, are used to pay for Texas' expenditures.
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Nonsense. If your'e not going to be honest then why show up here ?

Texas wasn't the only state to recieve Stimulus funds.

Its not the only State to recieve disaster aid and Texas refused Billions in Federal Funds to help expand its Medicaid program.

And Texas has one of the lowest Tax burdens on its citizens in the Nation.

So according to you we took Federal Funds and built a surplus thats STILL growing ? Its Bull S***. Typical Liberal dishonest BS.


California DIDN'T refuse Federal Funds and neither did MOST Blue plague States. But their budgets are a disaster.

You guys just can't admit that your policies destroy ed conomies and budgets.
 
Fenton said:
Why SHOULD they pay tax at all ?

And to what purpose would this serve ? Other than appeasing some arbitrary sense of fairness and equity ?
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Right! and why should you or I pay taxes? **** that!
 
Fenton said:
Texas wasn't the only state to recieve Stimulus funds.
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I'm not talking about the Stimulus; which was misappropriated by the Perry regime.

Fenton said:
Its not the only State to recieve disaster aid and Texas refused Billions in Federal Funds to help expand its Medicaid program. And Texas has one of the lowest Tax burdens on its citizens in the Nation.
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Federal subsidies and grants constitute 40% of Texas' revenue. Texas can only afford (sort of) to have a low tax burden because it is heavily subsidized by the Federal government so don't get all high and mighty about the low tax burden in Texas while the rest of the country is footing the bill.

Fenton said:
So according to you we took Federal Funds and built a surplus thats STILL growing ?
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"While Texas’s state government debt is relatively modest—just $40 billion, or $1,577 per resident—local government debt is more than four times higher: $192 billion. That’s $7,505 per capita, according to Combs’s report—the second-highest sum in the nation, behind only New York’s municipalities and far ahead of third-place California’s. Over the last decade, moreover, local debt has increased 144 percent, much faster than the rate of population increase plus inflation."

Link.

You cant claim victory by gobbling up federal funds and shifting costs to local governments.
 
Napoleon said:
I'm not talking about the Stimulus; which was misappropriated by the Perry regime.



Federal subsidies and grants constitute 40% of Texas' revenue. Texas can only afford (sort of) to have a low tax burden because it is heavily subsidized by the Federal government so don't get all high and mighty about the low tax burden in Texas while the rest of the country is footing the bill.



"While Texas’s state government debt is relatively modest—just $40 billion, or $1,577 per resident—local government debt is more than four times higher: $192 billion. That’s $7,505 per capita, according to Combs’s report—the second-highest sum in the nation, behind only New York’s municipalities and far ahead of third-place California’s. Over the last decade, moreover, local debt has increased 144 percent, much faster than the rate of population increase plus inflation."

Link.

You cant claim victory by gobbling up federal funds and shifting costs to local governments.
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Oh PLEASE show me the exact outlays that are coming out of the Treasury and that are being shuttled into Texas. Show me those "subsidies", those direct payments straight to the State General Fund from Obama.

Unbelievable.

You can't be honest can you ? Lemme guess, you equate tax incentives as "subsidies" like they were direct payments.

Corporations all over America get "Subsidies" via tax incentives. By your definition of subsidy, California should be rolling in Federal dollars thanks to all of the "subsidies" that flow into Silicon Valley. APPLE, get's "subsidies" and they're huge and pull in allot of profit.

Our success has nothing to do with " subsidies" and everything to do with why people continue to flow into Texas from Liberal Blue Plague States.

We're actually utilizing the Conservative business model that people like you lament. We incentivize private sector growth and profit.

Why do you think States like NY are now starting to advertise Nationally a 10 year tax reprieve for any business that moves there ?

Because even NY is starting to understand that increased employment equates to increased revenue
 
Unemployment isn't a "tax" its a premium. Its an insurance policy purchased by the employed. Corporations don't go unemployed they out of business. They don't have a premium for that - well unless of course you donate to the regime and they give you a bail out (for example solyndra).


danielpalos said:
I believe unemployment taxes should be general taxes, and only on corporations.
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Carjosse said:
Well building aircraft is hard to outsource as it it is not unskilled labour, it is usually high skill and some kind post-secondary education is required, it is how the modern economy works. Bombardier does the same thing here but they do pay taxes.
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So does Airbus, and they make better planes. I love when everyone whines about Airbus...oooh, they are socialist money takers...but Boeing? LOL....Boeing accepts more government cheese than anyone wants to admit.
 
beefheart said:
So does Airbus, and they make better
planes. I love when everyone whines about Airbus...oooh, they are socialist money takers...but Boeing? LOL....Boeing accepts more government cheese than anyone wants to admit.
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I worked as a FAA certified Aircraft mechanic for 10 years. Started on Corporate jets and moved to a Carrier.

We had a nick name for the Airbus. We called it the "Scare bus ".

Your assesment that airbus is better than Bowing is entirely based on your opinion and nothing more.
 
Good...now if the corporate/business taxes was removed completely, America could have an edge against foreign competition plus the government would have less power...win/win.
 
Fenton said:
I worked as a FAA certified Aircraft mechanic for 10 years. Started on Corporate jets and moved to a Carrier.

We had a nick name for the Airbus. We called it the "Scare bus ".

Your assesment that airbus is better than Bowing is entirely based on your opinion and nothing more.
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Based on 14 years in the airline industry and following the industry closely all my life.

Hell, you can't even spell Boeing (or assessment)

Boeing is one of the biggest government welfare recipients out there.
 
Fenton said:
I worked as a FAA certified Aircraft mechanic for 10 years. Started on Corporate jets and moved to a Carrier.

We had a nick name for the Airbus. We called it the "Scare bus ".

Your assesment that airbus is better than Bowing is entirely based on your opinion and nothing more.
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Beijing-bound MAS plane carrying 239 people missing

The authorities have begun a search and rescue for Malaysia Airlines (MAS) flight MH370 after the Beijing-bound plane lost contact with air traffic controllers this morning, the airline said today.

MAS said flight MH370 lost contact with Subang Air Traffic Control at 2.40am.

The B777-200 aircraft left the Kuala Lumpur International Airport at 12.41am and was expected to land in Beijing at 6.30am.

"The flight was carrying 227 passengers (including two infants), 12 crew members," the airline said in a statement.

"Malaysia Airlines is currently working with the authorities who have activated their search and rescue team to locate the aircraft," it added.

Beijing-bound MAS plane carrying 239 people missing - The Malaysian Insider
 
beefheart said:
Beijing-bound MAS plane carrying 239
people missing

The authorities have begun a search and rescue for Malaysia Airlines (MAS) flight MH370 after the Beijing-bound plane lost contact with air traffic controllers this morning, the airline said today.

MAS said flight MH370 lost contact with Subang Air Traffic Control at 2.40am.

The B777-200 aircraft left the Kuala Lumpur International Airport at 12.41am and was expected to land in Beijing at 6.30am.

"The flight was carrying 227 passengers (including two infants), 12 crew members," the airline said in a statement.

"Malaysia Airlines is currently working with the authorities who have activated their search and rescue team to locate the aircraft," it added.

Beijing-bound MAS plane carrying 239 people missing - The Malaysian Insider
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Really ??

Are you 12 years old ? You know what brought that plane down ??

If you've got some inside information on what exactly caused that accident maybe you should contact the NTSB.

You know, so they can contact the Malaysian authorities and let them know exactly what caused the accident.

It was because it was manufactured by Boeing.

Lol !! Jeeez
 
No, just letting you know that there was a plane missing, note the time of my post, that was when the news was just coming out.

I don't know what brought it down, but if it was an Airbus, you'd hear all the usual howls from the ignorant asses.
 
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