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Gratitudes to Lovemiiorhatemii for making this great topic. Required reading for those of you who still buy into the myth that the disadvantage poor of this country are who are really sucking the life's blood from it:
Location: Visitation between Wal-Mart & Home Depot
8,309 posts, read 38,779,335 times
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Quote:
Originally Posted by Vagabond
But I bet 99% of you all do.
My question is when is the herd finally going to wake up and realize that the problems we now face in the US are the direct result of corporate greed and government backed welfare initiatives that support the most wealthy in this country? Even the immigration problem can be set squarely at the feet of greedy corps that rather place the stability of our social services at risk than pay legal American citizens actual working wages.
So what is the answer people? What do we do?CQ Politics | Most Corporations DonĂ¢€™t Pay Income Taxes: GAO (http://www.cqpolitics.com/wmspage.cfm?parm1=3&docID=news-000002937306 - broken link)
I'm not sure if you even read the article. It's pretty standard, really. If a corporation does not turn a profit in 2008, it will not pay taxes for 2008. That isn't exactly anything new, novel or even noteworthy. The same courtesy is extended to all of us. Further, a corporation with a net worth of $250 million is still on the smallish, independent side of the spectrum and is actually a prime target for acquisition. To avoid being gobbled by the big fish, a corporation of that size has to carry considerable debt to present a less attractive target, so it should be no surprise if the numbers are in the red at the end of the year. I don't know if it is true that 55% of corporations didn't pay taxes in 2007, but I can guarantee you that if that percentage was weighted by net worth, the percentage would be in the single digits. The government does not let corporations run wild and pay no taxes. To the contrary, I'm sure that any corporation would be more than happy to be taxed at the highest level levied against private citizens.
We have the second highest corporate taxes in the worold how. I thnik you need to look at all the corporate taxes and really get a idea of what taxes are payed by who. Its like the top tax payers pay a huge per centage of the toatl taxes collected. Lokk at all texes paid and you will see where ht eral money comes from and it isn't you or I. In fact many lower income earners actaully get more money back than their payroll deductions thru unearn income credit.
We have the second highest corporate taxes in the worold how. I thnik you need to look at all the corporate taxes and really get a idea of what taxes are payed by who. Its like the top tax payers pay a huge per centage of the toatl taxes collected. Lokk at all texes paid and you will see where ht eral money comes from and it isn't you or I. In fact many lower income earners actaully get more money back than their payroll deductions thru unearn income credit.
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Problem is seems like many are simply not paying these corporate taxes .
Location: Visitation between Wal-Mart & Home Depot
8,309 posts, read 38,779,335 times
Reputation: 7185
Quote:
Originally Posted by Luiso
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Problem is seems like many are simply not paying these corporate taxes .
Have you ever been audited? The IRS even chases small accounts. They pay really close attention to the big ones and have much more leverage against a corporation than against you or me.
Hmmm let's see...they are already going over seas in groups of 1,000 every day and you want to tax them more? Yup looks like it will be groups of 2,000 a day...
This problem pales in comparison to entitlement programs, such as Section 8 housing, food stamps, welfare, WIC, etc. At least corporations are producing something tangible, and employing others. In contrast, perpetually unemployed people do nothing except to take from society. It is time to start demonizing this segment of the population, and to stop bashing achievement.
The segment of the population you describe has always been demonized. As for contributing nothing to society, it could be possible that their not being in the labor pool helps to bolster wages for the people in the lower-level jobs that they would otherwise be desperate for as a means of survival. Not sure if so, but possible.
This problem pales in comparison to entitlement programs, such as Section 8 housing, food stamps, welfare, WIC, etc. At least corporations are producing something tangible, and employing others. In contrast, perpetually unemployed people do nothing except to take from society. It is time to start demonizing this segment of the population, and to stop bashing achievement.
That is not right. Most of the problems we now face are directly attributable to the government bowing to business and the public be damned.
If we did not grant the energy industry in this country their every wish, we would not be in the mideast mess that we are now in.
We probably would not start wars for oil.
We would certainly be, by now. reaping the benefits of decades of alternate fuel research.
Our economy would not be witnessing raising prices due to fuel increases and the needless war.
Infrastructure, education, health care issues would be addressed due to the extra money freed up.
We would not be in this horror of bad weather due to global warming.
World pollution would certainly be decreased, since India and China would be using the alternate technologies.
Hospitals would not be closing due to all the free services they supply illegal immigrants.
The educational system would not be as strained because of the missing children of illegals.
Almost every major problem that is threatening this county
We have the second highest corporate taxes in the worold how. I thnik you need to look at all the corporate taxes and really get a idea of what taxes are payed by who. Its like the top tax payers pay a huge per centage of the toatl taxes collected. Lokk at all texes paid and you will see where ht eral money comes from and it isn't you or I. In fact many lower income earners actaully get more money back than their payroll deductions thru unearn income credit.
We may have high corporate taxes, but also the most loopholes, so hardly any business is paying those high taxes.
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