Kennedy 0
2/3rds of US Corporations Pay Zero Federal Taxes: US Uncut Movement Builds to Make Them Pay Up
By
dreamdancer, in Speakers Corner
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QuoteCongratulations on your one millionth alternut rant.
So, how many people took part in this day of rage in forty cities? And why bitch about businesses doing what's legal. Go after the legislators making the laws.
By the way, what percent of citizens don't pay federal taxes?
They're not the only ones to report this. http://www.google.com/search?hl=en&source=hp&biw=1280&bih=645&q=2%2F3rd+u.s.+companies+do+not+pay+taxes&btnG=Google+Search
This is nothing new. Ingersol Rand has been doing it for years.
I think it is shameful that many of these companies call themselves an "American Company" while employing few Americans and paying little to no taxes on their fortunes. All the while, enjoying the protection that the U.S. offers. Socialism, corporate style.
"...And once you're gone, you can't come back
When you're out of the blue and into the black."
Neil Young
When you're out of the blue and into the black."
Neil Young
rhaig 0
"US Uncut Movement" - unfortunate name choice. sounds like a group against circumcision in the US.
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Rob
Rob
billvon 3,116
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47% of US households, and 70% of US individuals, pay no tax at all. There's also a movement afoot to get these deadbeats to pay their fair share.
Quote47% of US households, and 70% of US individuals, pay no tax at all. There's also a movement afoot to get these deadbeats to pay their fair share.
This should help to explain those numbers.
http://www.taxpolicycenter.org/UploadedPDF/1001289_who_pays.pdf
"...And once you're gone, you can't come back
When you're out of the blue and into the black."
Neil Young
When you're out of the blue and into the black."
Neil Young
DaVinci 0
Quote47% of US households, and 70% of US individuals, pay no tax at all. There's also a movement afoot to get these deadbeats to pay their fair share.
A GREAT idea!!!!!
Maybe if your a vote might effect their pocketbook they would pay a bit more attention.
DougH 270
BOA didn't pay taxes in 2009 because they had a net operating loss. Please explain why a corporation should pay income tax when they have no taxable income?
The tax benefit is the result of carrying the loss back to offset taxable income in a prior year, the tax code allows that for both sole proprietors and corporations. Evil corporations evil evil!
They aren't taking a deduction on the principal payments on the government bail out debt, they are only taking a deduction on the interest.
Individuals do the same with their qualified mortgage interest, and interest on loans that their business may take out. Evil corporations evil evil!
These articles have a ton of spin, and they are written to try to outrage people that have little knowledge of how the tax code works!
The tax benefit is the result of carrying the loss back to offset taxable income in a prior year, the tax code allows that for both sole proprietors and corporations. Evil corporations evil evil!
They aren't taking a deduction on the principal payments on the government bail out debt, they are only taking a deduction on the interest.
Individuals do the same with their qualified mortgage interest, and interest on loans that their business may take out. Evil corporations evil evil!
These articles have a ton of spin, and they are written to try to outrage people that have little knowledge of how the tax code works!
"The restraining order says you're only allowed to touch me in freefall"
=P
=P
Congratulations on your one millionth alternut rant.
So, how many people took part in this day of rage in forty cities? And why bitch about businesses doing what's legal. Go after the legislators making the laws.
By the way, what percent of citizens don't pay federal taxes?
Guard your honor, let your reputation fall where it will, and outlast the bastards.
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