If Corporate profits are at record highs, why do people complain about the tax rate? (Limbaugh, dollars)

[lucknow]

Originally Posted by vvega

Who are "they"?

Multinational corporations. No loyalty to anyone or anything other than their own very narrow interests.

[billydaman]

Originally Posted by lucknow

Multinational corporations. No loyalty to anyone or anything other than their own very narrow interests.

That sounds like most people.

[lucknow]

Originally Posted by billydaman

That sounds like most people.

Maybe the people that you know are totally self interested but most of the people I know are not. We have made it a priority to go out of our way to be helpful, kind and a support to those we come into contact with.

[billydaman]

Originally Posted by lucknow

Maybe the people that you know are totally self interested but most of the people I know are not. We have made it a priority to go out of our way to be helpful, kind and a support to those we come into contact with.

Why do you do that?

Spoiler

Hint:Helping someone comes down to fulfilling a self interest.

[VTHokieFan]

Originally Posted by Opin_Yunated

I'm a liberal and I'm against all corporate taxes. They just get passed onto the consumer and most of the big companies avoid paying them anyway.

Go after the shareholders instead. Increase the capital gains tax. Eliminate corporate tax. Most of their profits go to the shareholders.

I would support that. Double taxation is terrible.

[billydaman]

Originally Posted by VTHokieFan

I would support that. Double taxation is terrible.

I think there needs to be a threshold on cap gains similar to a tiered system we have now with income tax.

[lucknow]

Originally Posted by billydaman

Why do you do that?

Spoiler

Hint:Helping someone comes down to fulfilling a self interest.

Just what is my self interest in supporting a kid in the third world that I will never meet or know personally? There is no self interest involved. We surely can perform random feats of kindness without expecting anything for it.

[vvega]

Originally Posted by lucknow

Multinational corporations. No loyalty to anyone or anything other than their own very narrow interests.

See my post #6. Multinational companies couldn't care less about US corporate tax, which is just a heavy hidden tax on our middle class.

[billydaman]

Originally Posted by lucknow

Just what is my self interest in supporting a kid in the third world that I will never meet or know personally? There is no self interest involved. We surely can perform random feats of kindness without expecting anything for it.

Answer my question, why do you do it? Why do you perform random act's of kindness?

Spoiler

Hint: Everything a human being does is out of self-interest and is not a bad or terrible thing, its normal

[kidkaos2]

Originally Posted by BradPiff

All you hear is "The U.S. has the highest CP rate in the world" but profits are at all time highs

so what gives? I thought the high rate was a huge burden on corporations. They seem to be doing great

Corporate Profits Are At An All-Time Record Peak And Expected To Grow in 2014 - Forbes

Corporate Profits Hit A New Record High Last Year | ThinkProgress

Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low - Business Insider

"They can afford it" is not a legitimate reason to tax someone.