Quote:
Originally Posted by walidm
What is correct is the households are already paying the tax and your "arguments overlook the fact that individual households bear the corporate tax burden" while "28 percent of large foreign corporations, those with more than $250 million in assets, doing business in the United States paid no federal income taxes in 2005 despite $372 billion in gross receipts."
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Yet another deliberately deceptive post. Taxes are not paid on gross receipts. Taxes are paid on profits. If expenses equals or exceeds receipts, they pay no tax because there was no profit to be taxed.
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