Most companies in US avoid federal income taxes

[Zenmervolt]

Originally posted by: dmcowen674

Originally posted by: JS80
lol what a misleading title. Pointless article.

The title is straight from the article you disagree with.

OP 1 Corporate Aplogists 0

Title and introductory sentence of the article disagree with the actual report. The report says that corporations are not paying corporate income taxes. That is not the same as not paying any federal income taxes, which is what the title claims.

The title is indeed misleading. That doesn't mean the OP is the one who manipulated it (in fact, he didn't since the misleading title is from the actual AP article), but you cannot successfully argue that it is not misleading.

Reason: 1
Paranoia: 0

EDIT: What's an "aplogist"?

ZV

 

[Craig234]

Originally posted by: Skoorb
Sounds to me like everyone in IRS needs to be sent to a labor camp then.

The Republicans have crippled the IRS... blame the right people.

 

[chrisho]

First, there are no true corporate taxes. All it is an elaborate scheme relying on ignorance and envy. For every widget sold at a dollar this about thirty cents or more of taxes embedded in the cost which goes to the government from YOUR pocket.


So, what an article like this does is get people riled up as well as their ignorance where they suddenly BEG to have their taxes raised.

What? Have their own taxes raised! Sure, if you raise "corporate tax" rates just where do you think that money comes from? Share holders (including anyone with 401k) will want profit margins maintained and they will be. As such, any tax is just a price increase passed onto the government who through the ignorance of the public is freed from blame.

So the corp gets blamed for raising prices and the government gets accolades for taxing those evil rich organizations.

And people have the audacity to wonder why the same goons keep getting reelected.

 

[BoomerD]

http://www.modbee.com/24hour/politics/story/391153.html

Correction: Corporations-Income Tax story
last updated: August 13, 2008 10:57:39 AM

WASHINGTON ?
In an Aug. 12 story about corporate income taxes, The Associated Press reported erroneously that large corporations accounted for 25 percent of the U.S. corporations that did not pay federal income taxes in 2005. The report by the Government Accountability Office actually said 25 percent of large U.S. corporations had no federal tax liability that year.

 

[LegendKiller]

Originally posted by: BoomerD
http://www.modbee.com/24hour/politics/story/391153.html

Correction: Corporations-Income Tax story
last updated: August 13, 2008 10:57:39 AM

WASHINGTON ?
In an Aug. 12 story about corporate income taxes, The Associated Press reported erroneously that large corporations accounted for 25 percent of the U.S. corporations that did not pay federal income taxes in 2005. The report by the Government Accountability Office actually said 25 percent of large U.S. corporations had no federal tax liability that year.

lol, nice catch.

 

[3chordcharlie]

Originally posted by: joshsquall

Originally posted by: techs
I bet if corporate tax loopholes were rescinded for one year than Americans would not have to pay any income tax.

They'd just pass on the extra cost to consumers. It really makes no difference what you do.

Actually, it makes quite a difference. The taxes are paid by shareholders and consumers. The effects of a tax change are much more intricate than 'they pass the cost/savings on to consumers'. That's why some economists spend their entire careers studying taxation.

 

[Capt Caveman]

Originally posted by: BoomerD
http://www.modbee.com/24hour/politics/story/391153.html

Correction: Corporations-Income Tax story
last updated: August 13, 2008 10:57:39 AM

WASHINGTON ?
In an Aug. 12 story about corporate income taxes, The Associated Press reported erroneously that large corporations accounted for 25 percent of the U.S. corporations that did not pay federal income taxes in 2005. The report by the Government Accountability Office actually said 25 percent of large U.S. corporations had no federal tax liability that year.

Alright. Let's lock this one up.

 

[db]

Originally posted by: CalvinHobbes
What can you expect when the country is run by big corporations. I'm not surprised at all by this news.

"More taxes for the middle working class" - Congress

Exactly.

Money buys favor and always has. If you are not among the uber rich, you need to pay up to make up for the "tax cuts" (for the rich). In case you didn't notice, your job as an American is to STFU and buy stuff (and pay taxes).

 

[lupi]

Originally posted by: Capt Caveman

Originally posted by: BoomerD
http://www.modbee.com/24hour/politics/story/391153.html

Correction: Corporations-Income Tax story
last updated: August 13, 2008 10:57:39 AM

WASHINGTON ?
In an Aug. 12 story about corporate income taxes, The Associated Press reported erroneously that large corporations accounted for 25 percent of the U.S. corporations that did not pay federal income taxes in 2005. The report by the Government Accountability Office actually said 25 percent of large U.S. corporations had no federal tax liability that year.

Alright. Let's lock this one up.

Can we first get a separate OWNED picture for each of the gullible ones 🙂

 

[LegendKiller]

Originally posted by: db

Originally posted by: CalvinHobbes
What can you expect when the country is run by big corporations. I'm not surprised at all by this news.

"More taxes for the middle working class" - Congress

Exactly.

Money buys favor and always has. If you are not among the uber rich, you need to pay up to make up for the "tax cuts" (for the rich). In case you didn't notice, your job as an American is to STFU and buy stuff (and pay taxes).

Did you happen to notice the post a above mentioning how this whole thread is BS?

 

[JD50]

Does anyone else post and run as much as Techs? Hellokeith comes in at a close second, but he doesn't post as often as Techs does.

 

[ElFenix]

Originally posted by: JD50
Does anyone else post and run as much as Techs? Hellokeith comes in at a close second, but he doesn't post as often as Techs does.

no. it's techs' modus operandi. you can probably count on one hand the number of threads he's posted in p&n this year and then made a subsequent post in.

 

[lupi]

Originally posted by: ElFenix

Originally posted by: JD50
Does anyone else post and run as much as Techs? Hellokeith comes in at a close second, but he doesn't post as often as Techs does.

no. it's techs' modus operandi. you can probably count on one hand the number of threads he's posted in p&n this year and then made a subsequent post in.

I guess he oculd spend more time at moveon and dailykos cutting/pasting some of the replies with the stories he ports over here, but it would probably look weird if no one here asked the same question.

 

[maverick44]

Originally posted by: Fern
I hereby award that article and this thread the - Manufactured Bullshit of the Week Thread Award :roll:

Jeebus, talk about taking some statistics and completely mis-representing reality.

Of course a bunch of copmpanies don't pay income taxes, their profit is calculated on their return and then transfered over the indivual owner's tax return. They pay the tax.

Foreign companies selling products here have never had to pay taxes here unless they have sufficient operations here. Why should they?

US corporations exporting products overseas only pay taxes here too. They don't pay taxes in the countries where their products are shipped, why would they?

Our farmers export a ton crops abroad, should they pay income taxes to foreign countries that purchase their crops? Of course not.

This is beyond stupid, it's maliciously stupid.

Fern

:thumbsup: