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The fact that companies are the most profitable they've every been, the top percentiles are earning more & gaining wealth, and the stock market is at record highs disproves your point.
Please educate us then. I'm very interested in hearing which Conservative policies fix the issue of why businesses aren't hiring, despite record low tax burdens and record high products.
Since you know it all why are you waiting for companies to hire. What is wrong with you? Start your own business and hire people.
Me, instead of hiring I will be hoarding until Obama stops screwing the middle class otherwise it does not make sense to hire. You see, we hear Obama loud and clear. His policies are anti-business and don't make economic sense.
The sources have been provided countless times, here's one.
"According to Williams, GE paid $1 billion in federal, state and local taxes in the U.S. for 2010. He declined to say how much of that was for federal income taxes, except to say that some of it was. Williams also pointed to a company press release, from April 17, on taxes paid by GE. According to that release, GE paid an effective global tax rate of 7 percent in 2010, counting money paid “to the IRS and foreign counterparts” in other nations. That rate was particularly low, Williams said, because the company lost $32 billion in its financial business during the global financial crisis.
According to the company release, GE’s effective tax rate jumped to 29 percent in 2011. The company paid $2.9 billion in worldwide corporate income tax in 2011, and another $1 billion in other U.S. taxes that year, the release states."
Yep, these are the companies making $250K a year. Obama sure made them pay their fair share didn't he. The liberal idiot who voted Obama at their best.
The sources have been provided countless times, here's one.
"According to Williams, GE paid $1 billion in federal, state and local taxes in the U.S. for 2010. He declined to say how much of that was for federal income taxes, except to say that some of it was. Williams also pointed to a company press release, from April 17, on taxes paid by GE. According to that release, GE paid an effective global tax rate of 7 percent in 2010, counting money paid “to the IRS and foreign counterparts” in other nations. That rate was particularly low, Williams said, because the company lost $32 billion in its financial business during the global financial crisis.
According to the company release, GE’s effective tax rate jumped to 29 percent in 2011. The company paid $2.9 billion in worldwide corporate income tax in 2011, and another $1 billion in other U.S. taxes that year, the release states."
And to think somebody recently argued that higher taxes will not result in people hiring expensive tax accountants and lawyers to avoid higher taxes.
note the "state and local taxes" for 2010, and that they paid $1B for them. And then also note why they dont have a problem disclosing how much they paid in 2011, while they also paid $1B in "other taxes".. Think the amounts are a coincidence?
They didnt lose $32B, they had writeoffs resulting in net losses, and those writeoffs, once again, came from the stimulus package.
Ever ask yourself why your left wing sites like factcheck is a lapdog for a big corporation like GE?
Yep, these are the companies making $250K a year. Obama sure made them pay their fair share didn't he. The liberal idiot who voted Obama at their best.
These companies made $250K a year? What?
Company profits in the millions are in the first column:
note the "state and local taxes" for 2010, and that they paid $1B for them. And then also note why they dont have a problem disclosing how much they paid in 2011, while they also paid $1B in "other taxes".. Think the amounts are a coincidence?
They didnt lose $32B, they had writeoffs resulting in net losses, and those writeoffs, once again, came from the stimulus package.
Companies usually write off losses anyways. In 2009 or 2010 my dad paid like 4% or 5% because of all of their losses.
Companies usually write off losses anyways. In 2009 or 2010 my dad paid like 4% or 5% because of all of their losses.
yes they always write off losses, but GE didnt have losses. Per their SEC filings, they earned over $11B in net profits for 2010. (from my brokers reports)
My companies havent had profits in 15 years.. its by design so I dont have tax liabilities. Sure wish Obama would have given me billions in credits that I could carry over..
Company profits in the millions are in the first column:
Do I really have to explain it element? Don't you remember Obama running around saying "tax the rich". Yep, he sure didn't do that, he screwed the upper middle class is what he did.
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