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Sure they can avoid profits by paying out millions to executive salaries.
Bank of America execs stole billions in cash while cutting pay on employees so they couldn't get health care benefits. A Republikaaner Dreamworld where they can make 10,000 times what they pay their employees and still not pay taxes. They are PARASITES
So I guess the answer is no, you don't ever get tired of being a talking-points shill. It's cute, but not very persuasive.
If corporations can simply avoid paying taxes by paying out millions in salaries, why would they ever bother posting a profit? Do you even know what percentage of BofA's expenses are comprised of executive salaries? How many shareholders do you think would put up with their company paying out executives rather than posting profits? And who the hell did BofA steal money from? Are you even capable of having a rational conversation about this or are you just going to keep ignoring my questions and tossing out nonsensical blather?
NO, they paid $0, so they didn't have to raise fees to pay $0.
They are living tax free.
Personally I'd let the tax breaks expire, that way we can pay off the deficit and not leave it to our grandchildren
Yep, because we all know all economic factors like revenue, operating expenses and profits are all constant over time regardless of taxes and regulations imposed by government. I'll have to get out my calculator later on and do the math, but it should be pretty strait forward. We have a budget deficit of about 1.4 trillion and if we simply increase taxes on business and rich people by 1.5 trillion we'll have a surplus.
You post is an example of faulty logic at its WORST. Corporate taxes are paid in PRE-TAX PROFITS.
Based on the fact that overall corporate profits are reaching near the pre-credit crises high corporations are overall NOT hurting. It's the American people that are bearing the brunt of this economic downturn.
Unless our corporate tax rates are lowered to near zero, this practice of cost shifting will continue. Doing business in the US is a privilege that should be earned, but these multinationals own our government so they have a license to steal. Even the politicians we toss out or who have so sullied their reputation that they will not attempt to run again will be handsomely rewarded by corporations for doing their bidding after they leave office. Typically a disgraced politician with a track record of tossing the American people under the bus will be given a job as a lobbyist or a cushy position on the board of directors as a reward for their years of loyal service.
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