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I'm not a tea bagger, read a ton and am yet to see any real specific ideas from them and I pay a hell of a lot in taxes. I also make enough to know that a lot is two words.
Instead of correcting a spelling error why don't you address my point. By the way, what you do or don't do to your partner really isn't what I'm interested in.
Sure they do, you're just not seeing the forest for the trees. It's automatically included in the cost of materials, power, facilities, services you contract for, and it's also included in the price your competitors are asking. Just because it's not explicitly included line item does not mean it's not there. Do you know any companies who do not file corporate taxes?
Yep. Companies that don't make a profit, which includes some of our competitors. They are the ones who lowball us on price.
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OK so once we see that, then all of the companies who you contract are looking towards their profit margin, that margin is defined by sales and costs, one of those costs is their effective tax rate.
Am I missing something here? Taxes are not a cost. They effect net earnings, but they are not a cost. A company must turn a profit before it owes tax. Costs are subtracted from sales (and/or other earnings), and then taxes may be due.
Liberals won't be happy until they have driven all American companies overseas. The U.S. has the highest corporate tax rate in the world, and its hurting our economy.
The effective tax rate being much lower than in EU average, there must be some other reason than taxes. The GOP has torpedoed four proposals for lowering the US corporate tax rate to 25%, so they need to take some responsibility for the rate being what it is.
If any US corporation moves its corporate headquarters out of the US after making a bulk of it's profits in the US and taking advantage of US infrastructure and laws, the Congress should triple its taxes on US revenues. I have no patience for any US corporation that makes its profits from my money and then does everything to avoid paying its taxes. Conservatives may think it is patriotic to avoid paying taxes, they are wrong, it is idiotic.
Corporations should pay ZERO taxes. Taxes are paid by the shareholders on the profits. That is the way it should be. Any tax on the business will just flow to the consumer in the form of higher prices.
The average effective tax rate for corporations is 19%.
They achieve that in part by keeping the money out of the country.
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