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No corporation pays income tax....None, nada, zilch...Only individuals pay income tax.
Interesting. Yet the corporations have the rights of an individual according to a recent ruling by the supreme court. If corporations want the rights of an individual they should also live up to the responsibilities of an individual by paying income tax!
Everybody knows corporate taxes are paid
by stockholders and consumers.
If there were no corporate taxes, companies would
be relocating here instead of moving overseas.
What is the difference if these taxes are paid by stockholders and consumers anyway?
That union blog is retarded, a union site claiming to give an honest story about business corporations.
Wouldn't happen if one wiggled on their face IMO.
Businesses are mostly all corporations and often remove all profits to salaries (where they are taxed), to reinvestment in the company to improve it (which is a legitimate business expense) and to perhaps pay dividends to stock holders (which is also taxes).
Grow up, this union disorganizer thug site knows nothing about business.
They pay license and business taxes, then they pay payroll taxes, then all the taxes involved in the course of doing business.
Businesses are often corporations only because they want to limit the damage lawyers can do to them with lawsuits.
Your 7-11 guy is a corporation because if some idiot drives through a window and kills someone the business gets sued even though they had nothing to do with the person driving through the window.
In the same way all businesses are corporations.
Corporations that leave money in the account in fact end up paying a double tax if they don't zero them out.
There isn't enough other people's money around to pay for government unions sweetheart deals.
I'm not sure what the score is at this point but it is clear that the conservative right are on the defensive. Unfortunately, their only play continues to be that we should believe Exxon-Mobil (the most profitable entity ever), GE, Pepsi and other large multi-nationals when they claim to have made no profit at al since 2009. That's all they have. I would feel sorry for them if they weren't so unabashedly smarmy while putting over the same lame (offensively so) defence of the Fleece Market System. It might have been better to have picked an easier battle. This one is unwinable using the usual right wing reverse logic. Mate in three. Resign or be checkmated.
This conservative buddy loves it! Eliminate the loopholes! Impose a flat tax so every corporation - and every individual - pays their fair share. Quit the free ride!
Can you afford to pay the total cost of products from start to finish??
I'm not sure what the score is at this point but it is clear that the conservative right are on the defensive. Unfortunately, their only play continues to be that we should believe Exxon-Mobil (the most profitable entity ever), GE, Pepsi and other large multi-nationals when they claim to have made no profit at al since 2009. That's all they have. I would feel sorry for them if they weren't so unabashedly smarmy while putting over the same lame (offensively so) defence of the Fleece Market System. It might have been better to have picked an easier battle. This one is unwinable using the usual right wing reverse logic. Mate in three. Resign or be checkmated.
H
Actually, these large corporations do pay income taxes. But they manage their tax liability and plan their tax strategies so that these taxes are paid in jurisdictions that have lower rates than the US.
Interesting. Yet the corporations have the rights of an individual according to a recent ruling by the supreme court. If corporations want the rights of an individual they should also live up to the responsibilities of an individual by paying income tax!
Most people either don't pay or, get tax credit money back
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