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Author: Subject: Actuall taxes paid by American Corporations

Universal Peach





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  posted on 3/3/2011 at 03:06 PM
Check out these reports about Corporate Taxes:

http://www.huffingtonpost.com/2011/03/02/corporate-tax-revenues-ne_n_830361 .html?igoogle=1

http://www.cbpp.org/cms/index.cfm?fa=view&id=3411

As some on here have suggested, perhaps we should lower the tax rates and just eliminate all the deductions, credits, subsidies, etc....

[Edited on 3/3/2011 by Chain]

 
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Zen Peach



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  posted on 3/4/2011 at 11:54 AM
That's always been the question I had when the corporate tax rate was brought up.

How much is the effective rate vs. the stated rate.

Thanks for this post.

 

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Zen Peach



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  posted on 3/4/2011 at 12:05 PM
quote:
Marr points to a basic discrepancy: While the U.S.'s top corporate tax rate of 35 percent is one of the highest in the world, the amount corporations actually end up forking over to the government is much lower, sometime as low as 4 percent. This is due to a dizzying number of deductions, write-offs, and other accounting tricks that allow corporations to legally reduce their tax burden.




the conservative pundits like to complain about the 35 percent tax rate,

they never mention those paying an effective rate of 4 percent.

nor the billions in subsidies.

 

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Universal Peach



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  posted on 3/4/2011 at 02:00 PM
Seems to me a certain political party, if they truly were for the middle class, would jump out in front of this and offer up a compromise. In other words get the members of Congress, the White House, etc. to come to an agreement where we cut the rate to 20% (just a number off the top of my head) and eliminate the deductions, subsidies, loop holes, etc.. And make it a level playing field that applies to all corporations. In fact, this long overdue debate could be part of income tax reform in general. But of course this will never happen as neither party really represents the people and strong special interests greatly benefit from our bizarre tax structure, corporations being only one of them.

[Edited on 3/4/2011 by Chain]

 

Zen Peach



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  posted on 3/4/2011 at 02:30 PM
quote:
Seems to me a certain political party, if they truly were for the middle class, would jump out in front of this and offer up a compromise. In other words get the members of Congress, the White House, etc. to come to an agreement where we cut the rate to 20% (just a number off the top of my head) and eliminate the deductions, subsidies, loop holes, etc.. And make it a level playing field that applies to all corporations. In fact, this long overdue debate could be part of income tax reform in general. But of course this will never happen as neither party really represents the people and strong special interests greatly benefit from our bizarre tax structure, corporations being only one of them.


Issues such as the ones you raise make the most compelling arguments for term limits, IMO. Perhaps people who choose to run for office would be moreso inclined to make tough decisions if they didn't have the notion of keeping said office as the primary driver for their decision making?

 

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Universal Peach



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  posted on 3/4/2011 at 02:55 PM
quote:
quote:
Seems to me a certain political party, if they truly were for the middle class, would jump out in front of this and offer up a compromise. In other words get the members of Congress, the White House, etc. to come to an agreement where we cut the rate to 20% (just a number off the top of my head) and eliminate the deductions, subsidies, loop holes, etc.. And make it a level playing field that applies to all corporations. In fact, this long overdue debate could be part of income tax reform in general. But of course this will never happen as neither party really represents the people and strong special interests greatly benefit from our bizarre tax structure, corporations being only one of them.


Issues such as the ones you raise make the most compelling arguments for term limits, IMO. Perhaps people who choose to run for office would be moreso inclined to make tough decisions if they didn't have the notion of keeping said office as the primary driver for their decision making?


I completely agree. And when this country goes sh*t house, and I'm beginning to think it's inevitable at this point, we need to include term limits in whatever form of gov't we create from the ashes.

 

Universal Peach



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  posted on 3/4/2011 at 04:08 PM
Of the top ten political corporate contributors, ten are Unions! Only 4 are 'corporations.

 

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Maximum Peach



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  posted on 3/4/2011 at 04:11 PM
Article title: "Corporate Tax Revenues Nearing Historic Lows As A Percentage Of GDP, Report Says"

Economically correct article title: "Disguised Individual Income Tax Transferred Through Corporations Nearing Historic Lows As A Percentage Of GDP, Report Says"


 

Zen Peach



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  posted on 3/4/2011 at 04:13 PM
quote:
Article title: "Corporate Tax Revenues Nearing Historic Lows As A Percentage Of GDP, Report Says"

Economically correct article title: "Disguised Individual Income Tax Transferred Through Corporations Nearing Historic Lows As A Percentage Of GDP, Report Says"




You'll be asked to explain that.

 

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Extreme Peach



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  posted on 3/4/2011 at 04:15 PM
Brent, I'll write off your incredibly bad math to your exuberance to trash anything that you don't like. There are not fourteen organizations in the top ten. Oh, and you forgot to blame Obama.
 

Zen Peach



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  posted on 3/4/2011 at 04:24 PM
quote:
quote:
Seems to me a certain political party, if they truly were for the middle class, would jump out in front of this and offer up a compromise. In other words get the members of Congress, the White House, etc. to come to an agreement where we cut the rate to 20% (just a number off the top of my head) and eliminate the deductions, subsidies, loop holes, etc.. And make it a level playing field that applies to all corporations. In fact, this long overdue debate could be part of income tax reform in general. But of course this will never happen as neither party really represents the people and strong special interests greatly benefit from our bizarre tax structure, corporations being only one of them.


Issues such as the ones you raise make the most compelling arguments for term limits, IMO. Perhaps people who choose to run for office would be moreso inclined to make tough decisions if they didn't have the notion of keeping said office as the primary driver for their decision making?


The most compelling case for term limits is the New York State Legislature.

 

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True Peach



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  posted on 3/4/2011 at 04:26 PM
quote:
Of the top ten political corporate contributors, ten are Unions! Only 4 are 'corporations.

What are the other 3?

 

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Peach Master



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  posted on 3/4/2011 at 07:45 PM
quote:
Of the top ten political corporate contributors, ten are Unions! Only 4 are 'corporations.


This post is truly priceless.

 

Zen Peach



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  posted on 3/4/2011 at 07:47 PM
quote:
quote:
Of the top ten political corporate contributors, ten are Unions! Only 4 are 'corporations.


This post is truly priceless.


how care you argue with that kind of logic?

 

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Zen Peach



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  posted on 3/4/2011 at 11:12 PM
quote:
quote:
quote:
Of the top ten political corporate contributors, ten are Unions! Only 4 are 'corporations.


This post is truly priceless.


how care you argue with that kind of logic?




maybe he forgot to take off shoes and socks to count that high ?

 

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Universal Peach



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  posted on 3/5/2011 at 07:50 PM
quote:
quote:
quote:
quote:
Of the top ten political corporate contributors, ten are Unions! Only 4 are 'corporations.


This post is truly priceless.


how care you argue with that kind of logic?




maybe he forgot to take off shoes and socks to count that high ?



 

Zen Peach



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  posted on 3/6/2011 at 11:04 AM
quote:
Of the top ten political corporate contributors, ten are Unions! Only 4 are 'corporations.


Good night, everybody!

I'll be here all week!

Try the veal!

 

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Zen Peach



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  posted on 3/7/2011 at 11:35 AM
This is an interesting chart...

 

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Universal Peach



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  posted on 3/8/2011 at 10:08 AM
quote:
This is an interesting chart...




Indeed......But, but all the jobs have left because our corporations pay such high taxes. That's what I'm always hearing from my conservative buddies, who ironically, own or work for small businesses and not multi-national corporations.

 

True Peach



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  posted on 3/8/2011 at 10:24 AM
quote:
This is an interesting chart...




Gee....are there any statistics regarding how many jobs have been exported by each country that has a higher corporate tax rate than the US?

Kinda hard to believe that Korea and Japan are exporting most of their white collar jobs to China and India....but of course I could be wrong.

 

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