Because its loopholes that shouldnt be there that were created by politicians to help these corporations avoid paying taxes thats why. Pretty sickening when multi billion dollar companies are paying a lower tax rate then an average person, but hey keep defending these companies, i dont care. Loopholes need to be gone.
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Because its loopholes that shouldnt be there that were created by politicians to help these corporations avoid paying taxes thats why. Pretty sickening when multi billion dollar companies are paying a lower tax rate then an average person, but hey keep defending these companies, i dont care. Loopholes need to be gone.
CD, we are just going to have to agree to disagree here.
I think if you really understood what corporations were, you'd understand things a little better. Let's say a corporation gets taxed at 25% (a low amount for an average effective rate for a corporation, but for purposes of your argument, I'll select this lower rate.)
So, that corporation pays 25%. Let's say the company chooses to distribute its earnings as dividends. Now, on top of the 25% it had originally paid, its shareholders would pay 15% (if they qualify for that rate) on the 75% after tax profits for a 11-12%. Now the corporation/owners are up to a 36-37% tax rate. Throw in payroll taxes, franchise taxes, etc., you are even higher.
Are you telling me your effective tax rate is anywhere near that high? I make a decent living, and once you factor in all of the deductions and allowances, my family's effective tax rate ends up being far less than 20%.
I know you have in your head that corporations are evil, tax avoiding. I listened to you and gave you the opportunity to present facts that would support that statement. I just wish you would actually take the time to look at things from the other side, realize that the information you receive is definitely spun with a particular agenda as well.
Again, I don't disagree with some of the arguments Wallstreet has made about social evils of corporations, but you argument about taxes is significantly overblown.
And also, I'm not sure if the reference to the alias was throw my way, (I'll assume it wasn't as that just doesn't even make any sense), but if it was, you need to think through slightly better logic than that.
0
CD, we are just going to have to agree to disagree here.
I think if you really understood what corporations were, you'd understand things a little better. Let's say a corporation gets taxed at 25% (a low amount for an average effective rate for a corporation, but for purposes of your argument, I'll select this lower rate.)
So, that corporation pays 25%. Let's say the company chooses to distribute its earnings as dividends. Now, on top of the 25% it had originally paid, its shareholders would pay 15% (if they qualify for that rate) on the 75% after tax profits for a 11-12%. Now the corporation/owners are up to a 36-37% tax rate. Throw in payroll taxes, franchise taxes, etc., you are even higher.
Are you telling me your effective tax rate is anywhere near that high? I make a decent living, and once you factor in all of the deductions and allowances, my family's effective tax rate ends up being far less than 20%.
I know you have in your head that corporations are evil, tax avoiding. I listened to you and gave you the opportunity to present facts that would support that statement. I just wish you would actually take the time to look at things from the other side, realize that the information you receive is definitely spun with a particular agenda as well.
Again, I don't disagree with some of the arguments Wallstreet has made about social evils of corporations, but you argument about taxes is significantly overblown.
And also, I'm not sure if the reference to the alias was throw my way, (I'll assume it wasn't as that just doesn't even make any sense), but if it was, you need to think through slightly better logic than that.
Jesus Christ man link after link all over the net clearly show that corporations areny paying anywhere near the 36 percent tax rate. Yeah lets disagree to disagree. Just because you think differntly doesnt mean your right. I have read a lot of things in the last year that disagree with what your saying. So lets just end the back and forth, you win okay
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Jesus Christ man link after link all over the net clearly show that corporations areny paying anywhere near the 36 percent tax rate. Yeah lets disagree to disagree. Just because you think differntly doesnt mean your right. I have read a lot of things in the last year that disagree with what your saying. So lets just end the back and forth, you win okay
Oh and what about all the fake American companies having their products made over seas and then bring them back here without paying any import taxes like foreign companies have to do? Guess thats okay in your book, right?
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Oh and what about all the fake American companies having their products made over seas and then bring them back here without paying any import taxes like foreign companies have to do? Guess thats okay in your book, right?
Jesus Christ man link after link all over the net clearly show that corporations areny paying anywhere near the 36 percent tax rate. Yeah lets disagree to disagree. Just because you think differntly doesnt mean your right. I have read a lot of things in the last year that disagree with what your saying. So lets just end the back and forth, you win okay
cd you crack me up.......he wins because,,,,oh my gosh....he is right
how many ppl have to explain this to you?
Welcome wake but dont try to get into "debates" with CD....this is his usual reply when he runs out of any fiction to post as fact about the subject being debated.
not hating cd but I just went through this with you yesterday and I see a pattern
peace man
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Quote Originally Posted by cd329:
Jesus Christ man link after link all over the net clearly show that corporations areny paying anywhere near the 36 percent tax rate. Yeah lets disagree to disagree. Just because you think differntly doesnt mean your right. I have read a lot of things in the last year that disagree with what your saying. So lets just end the back and forth, you win okay
cd you crack me up.......he wins because,,,,oh my gosh....he is right
how many ppl have to explain this to you?
Welcome wake but dont try to get into "debates" with CD....this is his usual reply when he runs out of any fiction to post as fact about the subject being debated.
not hating cd but I just went through this with you yesterday and I see a pattern
Oh and what about all the fake American companies having their products made over seas and then bring them back here without paying any import taxes like foreign companies have to do? Guess thats okay in your book, right?
Name 10 companies that are fake American companies...
0
Quote Originally Posted by cd329:
Oh and what about all the fake American companies having their products made over seas and then bring them back here without paying any import taxes like foreign companies have to do? Guess thats okay in your book, right?
Name 10 companies that are fake American companies...
cd you crack me up.......he wins because,,,,oh my gosh....he is right
how many ppl have to explain this to you?
Welcome wake but dont try to get into "debates" with CD....this is his usual reply when he runs out of any fiction to post as fact about the subject being debated.
not hating cd but I just went through this with you yesterday and I see a pattern
peace man
you guys are right thats why i mailed out 100 checks today to the 10 biggest corporations. I know they are hurting and need the money
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Quote Originally Posted by lordspoint:
cd you crack me up.......he wins because,,,,oh my gosh....he is right
how many ppl have to explain this to you?
Welcome wake but dont try to get into "debates" with CD....this is his usual reply when he runs out of any fiction to post as fact about the subject being debated.
not hating cd but I just went through this with you yesterday and I see a pattern
peace man
you guys are right thats why i mailed out 100 checks today to the 10 biggest corporations. I know they are hurting and need the money
Any corporation who moves their "HQ" to Ireland to avoid taxation.
Any corporation who outsources labor at the expense of the US worker and to avoid taxation
Any corporation who knowingly hides information which is detrimental to the consumer
what if said company gave a pc of the pie to the host country in the form of jobs so said company could get big contracts from said host country and create/keep many engineers employeed here in the USA?
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Quote Originally Posted by wallstreetcappers:
Any corporation who moves their "HQ" to Ireland to avoid taxation.
Any corporation who outsources labor at the expense of the US worker and to avoid taxation
Any corporation who knowingly hides information which is detrimental to the consumer
what if said company gave a pc of the pie to the host country in the form of jobs so said company could get big contracts from said host country and create/keep many engineers employeed here in the USA?
the catch is that some of the work would be done in said country as stated and that may negatively impact some employees in the machinist union but provides a boost in employment to the engineers and designers
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the catch is that some of the work would be done in said country as stated and that may negatively impact some employees in the machinist union but provides a boost in employment to the engineers and designers
what if said company gave a pc of the pie to the host country in the form of jobs so said company could get big contracts from said host country and create/keep many engineers employeed here in the USA?
I dont think that is provable or worthy of the end result, rather a part of the problem..that company has to give jobs to get a contract..similar to municipality being held hostage and fighting against another community for serf jobs.
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Quote Originally Posted by lordspoint:
what if said company gave a pc of the pie to the host country in the form of jobs so said company could get big contracts from said host country and create/keep many engineers employeed here in the USA?
I dont think that is provable or worthy of the end result, rather a part of the problem..that company has to give jobs to get a contract..similar to municipality being held hostage and fighting against another community for serf jobs.
you guys are looking at this like every product made by an Amercian company is a Nike sneaker
Lets say my example is for jet engines being sold to Air India which is owned by the Goverment of India. In order to seal the multi billion dollar deal, an American manufacturer of jet engines agrees to set up a maintenance depot or service center in India. Currently maintenance or service would be done in the USA but this deal would set up shop in India.
1) would you still be against this knowing that it actually supports/creates Amercian jobs as I stated in my original post
2) Import tax doesnt apply here as the end product is not being imported to the USA - its a product that is being exported
0
you guys are looking at this like every product made by an Amercian company is a Nike sneaker
Lets say my example is for jet engines being sold to Air India which is owned by the Goverment of India. In order to seal the multi billion dollar deal, an American manufacturer of jet engines agrees to set up a maintenance depot or service center in India. Currently maintenance or service would be done in the USA but this deal would set up shop in India.
1) would you still be against this knowing that it actually supports/creates Amercian jobs as I stated in my original post
2) Import tax doesnt apply here as the end product is not being imported to the USA - its a product that is being exported
CD, we are just going to have to agree to disagree here.
I think if you really understood what corporations were, you'd understand things a little better. Let's say a corporation gets taxed at 25% (a low amount for an average effective rate for a corporation, but for purposes of your argument, I'll select this lower rate.)
So, that corporation pays 25%. Let's say the company chooses to distribute its earnings as dividends. Now, on top of the 25% it had originally paid, its shareholders would pay 15% (if they qualify for that rate) on the 75% after tax profits for a 11-12%. Now the corporation/owners are up to a 36-37% tax rate. Throw in payroll taxes, franchise taxes, etc., you are even higher.
Are you telling me your effective tax rate is anywhere near that high? I make a decent living, and once you factor in all of the deductions and allowances, my family's effective tax rate ends up being far less than 20%.
I know you have in your head that corporations are evil, tax avoiding. I listened to you and gave you the opportunity to present facts that would support that statement. I just wish you would actually take the time to look at things from the other side, realize that the information you receive is definitely spun with a particular agenda as well.
Again, I don't disagree with some of the arguments Wallstreet has made about social evils of corporations, but you argument about taxes is significantly overblown.
And also, I'm not sure if the reference to the alias was throw my way, (I'll assume it wasn't as that just doesn't even make any sense), but if it was, you need to think through slightly better logic than that.
cd (and stiln for that matter) have a history of hearing/seeing one thing but believing another so it fits their predetermined beliefs.
and asking cd to exhibit proper logic is a waste of your time, its never going to happen.
0
Quote Originally Posted by Wake2002:
CD, we are just going to have to agree to disagree here.
I think if you really understood what corporations were, you'd understand things a little better. Let's say a corporation gets taxed at 25% (a low amount for an average effective rate for a corporation, but for purposes of your argument, I'll select this lower rate.)
So, that corporation pays 25%. Let's say the company chooses to distribute its earnings as dividends. Now, on top of the 25% it had originally paid, its shareholders would pay 15% (if they qualify for that rate) on the 75% after tax profits for a 11-12%. Now the corporation/owners are up to a 36-37% tax rate. Throw in payroll taxes, franchise taxes, etc., you are even higher.
Are you telling me your effective tax rate is anywhere near that high? I make a decent living, and once you factor in all of the deductions and allowances, my family's effective tax rate ends up being far less than 20%.
I know you have in your head that corporations are evil, tax avoiding. I listened to you and gave you the opportunity to present facts that would support that statement. I just wish you would actually take the time to look at things from the other side, realize that the information you receive is definitely spun with a particular agenda as well.
Again, I don't disagree with some of the arguments Wallstreet has made about social evils of corporations, but you argument about taxes is significantly overblown.
And also, I'm not sure if the reference to the alias was throw my way, (I'll assume it wasn't as that just doesn't even make any sense), but if it was, you need to think through slightly better logic than that.
cd (and stiln for that matter) have a history of hearing/seeing one thing but believing another so it fits their predetermined beliefs.
and asking cd to exhibit proper logic is a waste of your time, its never going to happen.
and im still waiting for your response to post 82 in the poverty rate thread. its not good practice to make an outlandish claim then completely ignore it when called out. it takes away from what little credibility you have left.
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and im still waiting for your response to post 82 in the poverty rate thread. its not good practice to make an outlandish claim then completely ignore it when called out. it takes away from what little credibility you have left.
CD, we are just going to have to agree to disagree here.
I think if you really understood what corporations were, you'd understand things a little better. Let's say a corporation gets taxed at 25% (a low amount for an average effective rate for a corporation, but for purposes of your argument, I'll select this lower rate.)
So, that corporation pays 25%. Let's say the company chooses to distribute its earnings as dividends. Now, on top of the 25% it had originally paid, its shareholders would pay 15% (if they qualify for that rate) on the 75% after tax profits for a 11-12%. Now the corporation/owners are up to a 36-37% tax rate. Throw in payroll taxes, franchise taxes, etc., you are even higher.
Are you telling me your effective tax rate is anywhere near that high? I make a decent living, and once you factor in all of the deductions and allowances, my family's effective tax rate ends up being far less than 20%.
I know you have in your head that corporations are evil, tax avoiding. I listened to you and gave you the opportunity to present facts that would support that statement. I just wish you would actually take the time to look at things from the other side, realize that the information you receive is definitely spun with a particular agenda as well.
Again, I don't disagree with some of the arguments Wallstreet has made about social evils of corporations, but you argument about taxes is significantly overblown.
And also, I'm not sure if the reference to the alias was throw my way, (I'll assume it wasn't as that just doesn't even make any sense), but if it was, you need to think through slightly better logic than that.
Interesting post and as usual, lots of good solid statements except....
you are far too perceptive to believe that any corporation is actually paying a 25% tax rate. They are using the same incentives/deductions/credits to reduce that rate and allow for any form of reinvesment, which, sadly under our tax laws, could include building a new factory overseas while keeping the principle place of business in Delaware.
Shame about JT Terrell by the way. Somewhere Skip Prosser is shedding a tear.
0
Quote Originally Posted by Wake2002:
CD, we are just going to have to agree to disagree here.
I think if you really understood what corporations were, you'd understand things a little better. Let's say a corporation gets taxed at 25% (a low amount for an average effective rate for a corporation, but for purposes of your argument, I'll select this lower rate.)
So, that corporation pays 25%. Let's say the company chooses to distribute its earnings as dividends. Now, on top of the 25% it had originally paid, its shareholders would pay 15% (if they qualify for that rate) on the 75% after tax profits for a 11-12%. Now the corporation/owners are up to a 36-37% tax rate. Throw in payroll taxes, franchise taxes, etc., you are even higher.
Are you telling me your effective tax rate is anywhere near that high? I make a decent living, and once you factor in all of the deductions and allowances, my family's effective tax rate ends up being far less than 20%.
I know you have in your head that corporations are evil, tax avoiding. I listened to you and gave you the opportunity to present facts that would support that statement. I just wish you would actually take the time to look at things from the other side, realize that the information you receive is definitely spun with a particular agenda as well.
Again, I don't disagree with some of the arguments Wallstreet has made about social evils of corporations, but you argument about taxes is significantly overblown.
And also, I'm not sure if the reference to the alias was throw my way, (I'll assume it wasn't as that just doesn't even make any sense), but if it was, you need to think through slightly better logic than that.
Interesting post and as usual, lots of good solid statements except....
you are far too perceptive to believe that any corporation is actually paying a 25% tax rate. They are using the same incentives/deductions/credits to reduce that rate and allow for any form of reinvesment, which, sadly under our tax laws, could include building a new factory overseas while keeping the principle place of business in Delaware.
Shame about JT Terrell by the way. Somewhere Skip Prosser is shedding a tear.
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