Corporations Hoarding the Money

[WKMCD]

Just speaking from a Wharton MBA perspective and 30 years of business experience. You?

[Z06PDQ]

you guys use the same excuses for holding the Minimum Wage down. you say "if we raise the MW, inflation will rise & negate the increase in wages." I hate to tell ya boys, but they have you right where they want you.

[Y2Kvert4me]

Originally Posted by Z06PDQ

I hate to tell ya boys, but they have you right where they want you.

Who has who?


The Corporations have the skill and the product. The people need that skill and product..

The Gov't is nothing more than the annoying pest begging for scraps on that deal.
When they demand more, they end up receiving less.

Predictably happens every single time they try it.

[Z06PDQ]

Originally Posted by Y2Kvert4me

Who has who?


The Corporations have the skill and the product. The people need that skill and product..

The Gov't is nothing more than the annoying pest begging for scraps on that deal.
When they demand more, they end up receiving less.

Predictably happens every single time they try it.

that "annoying pest" is starting to grow some fangs & the ass of the corporations is starting to be exposed. if you think government & "We the people" can't do anything about them you might just learn something in the future. they aren't spending millions & millions of $$ to portray government as evil for nothing.

[Y2Kvert4me]

Originally Posted by Z06PDQ

that "annoying pest" is starting to grow some fangs & the ass of the corporations is starting to be exposed. if you think government & "We the people" can't do anything about them you might just learn something in the future. they aren't spending millions & millions of $$ to portray government as evil for nothing.

You'll be learning a lot about "we the fed up with incompetent Gov't people" on Nov 2nd.


BTW, mind if I change your username to "Jimmy Carter"?

[Y2Kvert4me]

Originally Posted by TxAg

If this administration tries to saddle corporations with more taxes, they will do the natural thing and leave this country for greener pastures.

Same applies to high income taxpayers too.

Monaco is real nice this time of year, which millionaire will move there next?


When only 5% of the people contribute over half your total income tax collected, you'd be quite stupid to not cater to them, they are perhaps the best customers you'll ever find.

[Z06PDQ]

Originally Posted by TxAg

If this administration tries to saddle corporations with more taxes, they will do the natural thing and leave this country for greener pastures.

When they do that, the only people to blame will be the ones who voted to approve the additional and/or higher taxes.

The US has some of the highest corporate taxes in the world.
The Tax Foundation - U.S. States Lead the World in High Corporate Taxes

where have you been? they left under Bush in record numbers & record low taxes & record profits. explain that. BTW, that link just helps prove what I'm saying. the more they are taxed, the more they have to invest.

[Z06PDQ]

Originally Posted by TxAg

Got a source for this assertion?

it's common knowledge. Google "job loss-Clinton vs. Bush. hell, Google "job loss-Bush vs. Obama" have you forgotten about the Bush Tax Cuts already?

[Y2Kvert4me]

Originally Posted by Z06PDQ

it's common knowledge. Google "job loss-Clinton vs. Bush. hell, Google "job loss-Bush vs. Obama" have you forgotten about the Bush Tax Cuts already?

So you can't answer the question?

"job loss" statistics are nothing ado about where money is being invested, or the underlying reason why, that is merely your opinionated synopsis connecting the two events, related or otherwise.

The reasons for you making that connection does not answer the question asked either.

[Z06PDQ]

Originally Posted by Y2Kvert4me

So you can't answer the question?

"job loss" statistics are nothing ado about where money is being invested, or the underlying reason why, that is merely your opinionated synopsis connecting the two events, related or otherwise.

The reasons for you making that connection does not answer the question asked either.

so you can't disprove my statement? ok, gotcha.

[Z06PDQ]

Originally Posted by TxAg

Are you sure?

Corporate tax in the United States - Wikipedia, the free encyclopedia

d: August 12, 2008
Correction Appended

Two out of every three United States corporations paid no federal income taxes from 1998 through 2005, according to a report released Tuesday by the Government Accountability Office, the investigative arm of Congress.

The study, which is likely to add to a growing debate among politicians and policy experts over the contribution of businesses to Treasury coffers, did not identify the corporations or analyze why they had paid no taxes. It also did not say whether they had been operating properly within the tax code or illegally evading it.

The study covers 1.3 million corporations of all sizes, most of them small, with a collective $2.5 trillion in sales. It includes foreign corporations that do business in the United States.

Among foreign corporations, a slightly higher percentage, 68 percent, did not pay taxes during the period covered — compared with 66 percent for United States corporations. Even with these numbers, corporate tax receipts have risen sharply as a percentage of federal revenue in recent years.

The G.A.O. study was done at the request of two Democratic senators, Carl Levin of Michigan and Byron L. Dorgan of North Dakota. In recent years, Senator Levin has held investigations on tax evasion and urged officials and regulators to examine whether corporations were abusing tax laws by shifting income earned in higher-tax jurisdictions, like the United States, to overseas subsidiaries in low-tax jurisdictions.

Senator Levin said in written remarks on Tuesday that “this report makes clear that too many corporations are using tax trickery to send their profits overseas and avoid paying their fair share in the United States.”

But the G.A.O. said that it did not have enough data to address the role of what some policy experts say is a crucial factor in profits sent overseas.

That factor, known as transfer pricing, involves corporations’ charging their overseas subsidiaries lower prices for goods and services, a common move that lowers a corporation’s tax bill. A number of corporations are in transfer-pricing disputes with the Internal Revenue Service.

Either way, the nearly 1,000 largest United States corporations were more likely than smaller ones to pay taxes.

In 2005, one in four large United States corporations paid no taxes on revenue of $1.1 trillion, compared with 66 percent in the overall pool. Large corporations are those with at least $250 million in assets or annual sales of at least $50 million.

Joshua Barro, a staff economist at the Tax Foundation, a conservative research group, said that the largest corporations represented only 1 percent of the total number of corporations but more than 90 percent of all corporate assets.

The vast majority of the large corporations that did not pay taxes had net losses, he said, and thus no income on which to pay taxes. “The notion that there is a large pool of untaxed corporate profits is incorrect.”

In 2004, a G.A.O. study said that 7 in 10 of all foreign corporations doing business in the United States, or foreign-controlled corporations, paid no taxes from 1996 through 2000, compared with 6 in 10 United States corporations.

This article has been revised to reflect the following correction:

Correction: August 14, 2008
An article on Wednesday about a Government Accountability Office study reporting on the percentage of corporations that paid no federal income taxes from 1998 through 2005 gave an incorrect figure for the estimated tax liability of the 1.3 million companies covered by the study. It is not $875 billion. The correct amount cannot be calculated because it would be based on the companies’ paying the standard rate of 35 percent on their net income, a figure that is not available. (The incorrect figure of $875 billion was based on the companies’ paying the standard rate on their $2.5 trillion in gross sales.)
More Articles in Business » A version of this article appeared in print on August 13, 2008, on page C3 of the New York edition.

[Z06PDQ]

Originally Posted by TxAg

The statement made was:


1. Nothing limited the taxes in reference to just federal income taxes.
2. By virtue of the first sentence of the article you posted (got a reference for it?) 1/3 of them did.

Your "rebuttal" did nothing but help prove my point. Corporations do pay taxes (federal, state and local).

that's like saying "my dog doesn't have fleas on 1/3 of him."

[Z06PDQ]

Originally Posted by TxAg

Laugh all you want, you've still been proven wrong.

I'm just curious why you aren't man enough to admit when someone proves one of your opinions to be incorrect.

I figured someone of your age would have matured enough to be able to do that.

FACT: most corporations don't pay taxes. try as you may, you can't change that.

[Z06PDQ]

Originally Posted by TxAg

Got a source for this assertion?

http://www.whitehouseforsale.org/doc...offshoring.pdf