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If I recall correctly, a corporation takes its gross earnings, minus its costs, and that's the profit.
And of that profit, some is distributed as dividends - which the recipient pays a tax on.
And some of that profit is re-invested into the company - expanding, building, buying back stock, etc. Which increases economic activity - and aid prosperity.
And you think that they should pay MORE taxes, so they can spend less on re-investment, or paying their investors?
Who do you think will spend money wisely?
[] Government
[] Private enterprise
If you think that government spends money wisely, then it is obvious that we should take more and more from those STUPID private enterprises.
But I suspect that most Americans are well aware that when it comes to wise spending, that excludes the government, hands down.
Do not let ENVY mislead you to attack the wrong target.
The ENEMY of America is collectivist pirates (socialists / communists / marxists).
From the Communist manifesto:
"In this sense, the theory of the Communists may be summed up in the single sentence: Abolition of private property."
But American law protects private property
Amendment V, US Constitution 1789
... nor shall private property be taken for public use, without just compensation.
Communism, Socialism, and Marxism abolish private property ownership and replaces it with collective ownership, with the superior rights in the State.
I don't think we, the people, really want that - do we?
"In fact, the Tax Foundation discovered that of the 25% of large corporations that paid no tax in 2005, 85% of those did not pay tax because they had no profits."
These corporations made a profit by selling you a bridge!
Maybe if we actually did what Obama said he would do and lowered the corporate tax rates so we are no longer highest in the world, then we could work on eliminating all loopholes that allow for this tax evasion.
Why hasn't Obama cut our corporate tax rate yet like he said he planned to do???
How much lower than $0 can taxes paid by corporations go?
"In fact, the Tax Foundation discovered that of the 25% of large corporations that paid no tax in 2005, 85% of those did not pay tax because they had no profits."
So again what is your point? How does this refute the OP which is titled "US. Uncut nearly two thirds of corporations pay no income tax".
How about this: Oil companies pay their fair share in taxes otherwise we nationalize the oil companies. See how easy that is? Oil companies will write a check so fast the paper will burn!
So again what is your point? How does this refute the OP which is titled "US. Uncut nearly two thirds of corporations pay no income tax".
You're kidding right? Do you only read thread titles? How about the quote contained therein?
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