Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Obama succeeded in misleading you. He would NOT give up his push for higher marginal tax brackets at the top end, although the bipartisan work by Simpson Bowles and the Gang of Six was all about taking the garbage out of the tax code and lowering rates. Boehner was prepared to kiss off the tea party to get reform done; Obama could not take the bipartisan path. That poser would rather slap corporate jet owners around than get anything done, and it is a shame.
ok, but wasn't the point of "slapping corporate jet owners" to make the tax code fairer, by closing loopholes, credits, and deductions?
i also don't see the significance of the $250k threshold that y'all have been ranting and raving about for so long. those were the bush tax cut thresholds, which are now over and done with. even fox news says differently:
"(Reuters) - Most U.S. and foreign corporations doing business in the United States avoid paying any federal income taxes, despite trillions of dollars worth of sales, a government study released on Tuesday said."
So right wingers like tea partiers whine and complain that someone making $8 an hour is not paying taxes, yet they say nothing about "someone" who makes trillions of dollars and pays no taxes.
ok, but wasn't the point of "slapping corporate jet owners" to make the tax code fairer, by closing loopholes, credits, and deductions?
That was a campaign speech, not a plan.
Quote:
Originally Posted by le roi
i also don't see the significance of the $250k threshold that y'all have been ranting and raving about for so long. those were the bush tax cut thresholds, which are now over and done with. even fox news says differently:
A plan isnt a deal. Obamas plan got NOT ONE vote from Congress, including NO Democrats. How can you tell me that not one vote = a deal?
Furthermore, those "loopholes" turned out to not be loopholes after all, they were NORMAL business expenses that ALL BUSINESSES WORLD WIDE take. Obama dint have a dam clue what the hell he was talking about.
Multiply that by trillions and you have a nice sum. Yet these corporations paid ZERO in taxes.
Why do you keep referencing TRILLIONS?
Apple is the largest company on the planet with total sales eclipsing $100B and a $350B market cap. Are you bunching up every corporation to come up with TRILLIONS? To assume that profits are typically 5-7% is entirely wrong. Some corporations lose money, even with strong sales, because of costs and tight margins. There's no "one size fit's all" in the corporate world.
Because corporations are special people to the right wingers. They enjoy the 'favorite child' status in their minds.
RIght wingers? Isn't it Obama and this congress who are tapping the winners and regulating the losers? Isn't it GE, GM, and a host of bogus green energy companies that are being subsidized by "lefties"? YOu do realize that it's actually Obamas favorite company (GE) that paid zero taxes on record earnings last year?
I can't understand how liberals can complain about jobs moving offshore yet intentionally hammer companies that are still here. No common sense and absolutely no business sense. I guess they believe that companies are in business to be punished.
RIght wingers? Isn't it Obama and this congress who are tapping the winners and regulating the losers? Isn't it GE, GM, and a host of bogus green energy companies that are being subsidized by "lefties"? YOu do realize that it's actually Obamas favorite company (GE) that paid zero taxes on record earnings last year?
I can't understand how liberals can complain about jobs moving offshore yet intentionally hammer companies that are still here. No common sense and absolutely no business sense. I guess they believe that companies are in business to be punished.
Yes, right wingers. What has Obama got to do with it? Nothing. Right wingers are the ones who refused to remove the tax loop holes which would have enabled the reduction in corporate tax rate.
So most corporations make no profit, because according the the article they paid zero in taxes. If they made trillions in sales, chances are they made billions in profits.
Saying they pay NO taxes isa diversion. Most on the left who make that claim ignore that corps pay 38% in corporate taxes.
Multiply that by trillions and you have a nice sum. Yet these corporations paid ZERO in taxes.
Name one, besides GM (Obama's buddy).
I don't disagree that there are a few that have taken full advantage of legislation intended to reduce their tax burden to or near zero, but is Congree' doing.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
