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Old 04-29-2014, 08:15 AM
 
Location: Chicago
3,391 posts, read 4,484,101 times
Reputation: 7857

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Quote:
Originally Posted by Driller1 View Post
I am looking forward to your posting of the returns and the errors you claim are there.

All wait.
I'm sorry, but if you won't accept the findings of the GAO, why on earth would I waste my time presenting you with my own findings about the tax returns? You'd just find a reason to reject those as well.

Plus, as I said, I am not an accountant. I am not qualified to analyze corporate tax returns. I doubt you are, either.

You are just playing games here. You know I am right, but don't want to admit it. So, you raise the bar of proof you'll accept to a level you know I cannot reach, then sit back smugly and claim victory. If that kind of bait-and-switch makes you feel like you've achieved victory, you're welcome to it. But anyone looking at this exchange can plainly see you're back-peddling.
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Old 04-29-2014, 08:17 AM
 
24,832 posts, read 37,356,060 times
Reputation: 11539
Quote:
Originally Posted by le roi View Post
no one said anything about different forms

we're talking about effective rates for different industries.
The rate does not change.

What you are looking at is how taxable income is reduced.

This is one reason businesses invest.
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Old 04-29-2014, 08:18 AM
 
24,832 posts, read 37,356,060 times
Reputation: 11539
Quote:
Originally Posted by RogersParkGuy View Post
I'm sorry, but if you won't accept the findings of the GAO, why on earth would I waste my time presenting you with my own findings about the tax returns? You'd just find a reason to reject those as well.

Plus, as I said, I am not an accountant. I am not qualified to analyze corporate tax returns. I doubt you are, either.

You are just playing games here. You know I am right, but don't want to admit it. So, you raise the bar of proof you'll accept to a level you know I cannot reach, then sit back smugly and claim victory. If that kind of bait-and-switch makes you feel like you've achieved victory, you're welcome to it. But anyone looking at this exchange can plainly see you're back-peddling.
Oh...your not qualified???

Good to know.
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Old 04-29-2014, 08:20 AM
 
56,988 posts, read 35,221,200 times
Reputation: 18824
Meaningless. No one pays that rate.
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Old 04-29-2014, 08:21 AM
 
24,832 posts, read 37,356,060 times
Reputation: 11539
Quote:
Originally Posted by desertdetroiter View Post
Meaningless. No one pays that rate.
Everyone does.

What changed is the taxable income.
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Old 04-29-2014, 08:23 AM
 
Location: Florida
76,971 posts, read 47,659,569 times
Reputation: 14806
Yes, it is very high, although many exceptions have been lobbied into the tax code to get breaks for the bigger corporations, and some smaller ones too. The current admin has made multiple proposals to cut the tax rate while reducing the loop-holes and subsidies, but the GOP Congress refuses to move forward with it. Ironically the very same idea was promoted by Mitt Romney, and gained wide support from GOP, and ironically the GOP has said on multiple occasions that the rate should be lowered and subsidies should be cut, so their refusal to move forward highlights the partisan attitude in DC today.
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Old 04-29-2014, 08:25 AM
 
13,511 posts, read 17,042,653 times
Reputation: 9691
Quote:
Originally Posted by Driller1 View Post
I do that every year.

It is done on the same forms as all other business.
Are you being deliberately obtuse or do you just have no idea what you are talking about? What does the form have to do with different rebates and credits being available to different industries?
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Old 04-29-2014, 08:27 AM
 
24,832 posts, read 37,356,060 times
Reputation: 11539
Quote:
Originally Posted by dman72 View Post
Are you being deliberately obtuse or do you just have no idea what you are talking about? What does the form have to do with different rebates and credits being available to different industries?
The credits are figured on the same forms.

I am not sure what rebates you are talking about.
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Old 04-29-2014, 08:29 AM
 
13,511 posts, read 17,042,653 times
Reputation: 9691
Quote:
Originally Posted by Driller1 View Post
The credits are figured on the same forms.

I am not sure what rebates you are talking about.
Is this entire dog and pony show you are playing to prove some point? The EFFECTIVE rate many US companies pay is much less than the actual rate. The EFFECTIVE rate is based on adjusted income.

You're not winning the argument by playing little games, you know.
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Old 04-29-2014, 08:32 AM
 
24,832 posts, read 37,356,060 times
Reputation: 11539
Quote:
Originally Posted by dman72 View Post
Is this entire dog and pony show you are playing to prove some point? The EFFECTIVE rate many US companies pay is much less than the actual rate. The EFFECTIVE rate is based on adjusted income.

You're not winning the argument by playing little games, you know.
Now you moved the goal post.

Effective is after the schedules and credit forms....the rate still has not changed.
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