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Old 08-16-2011, 11:45 PM
 
Location: NC
9,984 posts, read 10,417,726 times
Reputation: 3086

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Quote:
Originally Posted by Drover View Post
It has to do with both plus other business considerations in addition, as do German carmakers' assembly plants all over the developing world. German multinational companies like to pay lip service to the sanctity of the German worker in Germany, but they play the global business game just as well as anyone else.

But all that is neither here nor there with regard to the original topic. Throw out the word "corporation" and certain left-leaning folks instinctively think of big evil corporations cheating the tax code to maximize their profits. Lost in this Pavlovian response is the fact that the vast majority of corporations are small businesses, many of them unprofitable so there's nothing to tax, and of those that are profitable, many if not most are pass-through or "S" corporations where the profits are taxed directly as income to the shareholders -- whether it's distributed to the shareholders or not -- rather than taxed as corporate profits.
The only reason I point that out is because manufacturing plants tend to do with actual issues of cost and quality while assembly plans are just where they put everything together. Thus you put the manufacturing where you think you will get the best cost/quality deal and assembly plants wherever your buyers are.

With that said, I understand that about small business and s-corps since my family has an s-corp, but I don't think that is what people tend to think of when they think of corporations. As to multinationals I have mixed feeling on this topic because in some ways I think it would be problem solved if we tweak our corporate tax policies a bit to allow for repatriation of money, but on the other hand I don't like this idea of corporations as people because they seem to shift between being people when they want to be and not being people when they choose to be.
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Old 08-17-2011, 12:29 AM
 
Location: Chicago Area
12,688 posts, read 6,763,223 times
Reputation: 6598
Quote:
Originally Posted by workingclasshero View Post
we do

I complain all the time that unions dont pay any taxes...unions are corporations

I dont feel ANY organization should be tax exempt...to include churches

and most corps do pay taxes..but since the globalist liberals have push the 'transnational' organizations..they get breaks in the USA for taxes they paid to OTHER countries

it like exxon..the paid 15 billion in USA taxes (but was able to deduct 10) for a total of 5 billion...why becauise they paid over 20 billion in foreign taxes
Agree with pretty much everything you said except the part in bold.

If you tax churches then you have to let churches do their things in the public space -- such as praying and discussing religion in public schools, religion driving government agenda, religious favoritism written into law, etc. The whole concept of "separation of Church and State" is riding on one iron-clad principal: You don't screw with us and you don't get to play in our sandbox. In exchange, we don't screw with you and we don't get to play in your sandbox.

Right or wrong, taxing churches violates the terms of the contract.

But outside of that, no there should not be any organization that is tax exempt. 99% of non-profit organizations are a classic case of a tax evading scam. There are tons of other examples!
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Old 08-17-2011, 04:17 AM
 
Location: County Mayo Descendant
2,725 posts, read 5,991,572 times
Reputation: 1217
Quote:
Originally Posted by specialrequest View Post
My answer to the question of the thread is that the right wingers dont want the corporate 'people' paying taxes, just the middle class and the poor- the upper classes should not be taxed as they are the (hymnal music) 'job creators'
The job creators that's a laugh, the corporations rule this country, if you're not nice to them you will not receive your weekly allowance or kickback
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Old 08-17-2011, 05:44 AM
 
Location: Hoboken
19,890 posts, read 18,794,312 times
Reputation: 3146
Quote:
Originally Posted by Savoir Faire View Post
"(Reuters) - Most U.S. and foreign corporations doing business in the United States avoid paying any federal income taxes, despite trillions of dollars worth of sales, a government study released on Tuesday said."

So right wingers like tea partiers whine and complain that someone making $8 an hour is not paying taxes, yet they say nothing about "someone" who makes trillions of dollars and pays no taxes.

Hypocrisy??

Study says most corporations pay no U.S. income taxes | Reuters
Who do you think pays those taxes? We do, they built into the cost of the goods and services we buy.
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Old 08-17-2011, 06:33 AM
 
Location: Florida
76,971 posts, read 47,797,224 times
Reputation: 14806
Quote:
Originally Posted by pghquest View Post
What the hell does Reagan have to do with it? Obamas stimulus package gave GE a $3.2B tax credit
What does Reagan have to do with Reagan removing loopholes? Sigh...
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Old 08-17-2011, 06:58 AM
 
Location: Long Island
32,832 posts, read 19,555,055 times
Reputation: 9633
Quote:
Originally Posted by Finn_Jarber View Post
What does Reagan have to do with Reagan removing loopholes? Sigh...
uhm that would be congress, not the potus
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Old 08-17-2011, 07:01 AM
 
Location: Florida
76,971 posts, read 47,797,224 times
Reputation: 14806
Quote:
Originally Posted by workingclasshero View Post
uhm that would be congress, not the potus
He didn't sign the law he pushed through
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Old 08-17-2011, 07:56 AM
 
24,832 posts, read 37,426,316 times
Reputation: 11539
Quote:
Originally Posted by Finn_Jarber View Post
What does Reagan have to do with Reagan removing loopholes? Sigh...
What "loophole" do you object to???

Just "loopholes" does not tell me much.
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Old 08-17-2011, 08:11 AM
 
69,368 posts, read 64,260,435 times
Reputation: 9383
Quote:
Originally Posted by JazzyTallGuy View Post
The investors that hold stock in the corporation are separate entities than the corporation.
Which is EXACTLY why they are considered people
Quote:
Originally Posted by JazzyTallGuy View Post
People receive benefits in terms of being shielded from liability of actions they may take as an employee of officer of a corporation. They can also receive benefits like cars, houses, and other things that are owned by the corporation. Therefore they technically don't pay for these things. In most cases incorporation offers far more benefits to high assets individuals than liabilities. Especially if they have good tax lawyers and accountants.
You need a new accountaing if you think you can receive things like cars, houses etc. You are going to end up in jail for tax fraud because any such benefits are taxed as income.
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Old 08-17-2011, 08:13 AM
 
69,368 posts, read 64,260,435 times
Reputation: 9383
Quote:
Originally Posted by Finn_Jarber View Post
He didn't sign the law he pushed through
So Obama IS to blame for the current deficits right?
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