Two-thirds of U.S. companies pay no taxes

Unlike the rest of us, most U.S. corporations and foreign companies doing business in the United States pay no federal income tax, according to a new report from Congress.

[Tim Burke]

Sen. Dorgan should figure out that corporations not paying taxes is a good thing. No matter who pays the taxes, it all comes from our pockets. Shareholders pay taxes on dividends and capital gains on stock sales. If corporations pay taxes, it's from what we pay at the checkout counter. If progressive income tax rates are a good thing (I think Sen. Dorgan, as a good liberal Democrat, would agree they are) then he should be in favor of no corporate taxes which are made of sales to rich and poor alike (think windfall profits taxes on oil companies). Better, don't you think Sen Dorgan, that tax revenue come from high marginal rate assessed on upper income earners?

[P T Bull]

Typical leftist anti-corporation agitprop. These pols who live off special interest contributions bite the hand that feeds them.

[The Original Kacy]

Corporate welfare at its best. But hey it's much easier to pick on the single mother trying to make ends meet who asks for food stamps for her kids.

[The Lab Rat]

The Original Kacy wrote:

Corporate welfare at its best. But hey it's much easier to pick on the single mother trying to make ends meet who asks for food stamps for her kids.

Bovine Feces!

Do away with "Corporate Taxes" entirely.

Do away with "Individual Income Taxes" entirely.

Move to a National Consumer Based Sales Tax.

Now, the more you consume, the higher the taxes you pay.

You know it going forward, so before you start pumping out the Germ Ridden little Nose Pickers, you better be sure you can afford them.

No one is "picking" on anyone. The collective "they" had the "choice" to have them, then "they" should provide for them, or give them up. The kid should not have to suffer, for the parents stupidity.

The Lab Rat (life in a nutshell)

[Red Ryder]

these evil companies are using the tax code exemptions to their full extent. that's not illegal.



"Of course the truth is that the congresspersons are too busy raising campaign money to read the laws they pass. The laws are written by staff tax nerds who can put pretty much any wording they want in there. I bet that if you actually read the entire vastness of the U.S. Tax Code, you'd find at least one sex scene ("'Yes, yes, YES!' moaned Vanessa as Lance, his taut body moist with moisture, again and again depreciated her adjusted gross rate of annualized fiscal debenture").~Dave Barry


"Anyone may arrange his affairs so that his taxes shall be as low as
possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes.
Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone
does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands." -Judge Learned Hand

[JTY]

The Original Kacy wrote:

Corporate welfare at its best. But hey it's much easier to pick on the single mother trying to make ends meet who asks for food stamps for her kids.

Corporate welfare has nothing to do with taxes. I am all for everyone paying as little taxes as possible. What I am against is giving that money to people in the form of welfare and business in the form of bailouts and subsidies.

[Red Ryder]

Typical election year bait from socialistic Democrat Politicos. They have the non-partisan GAO release an obvious fact ( no corp. pays any tax that they can legally avoid ) and then use it as a large blunt object for the sheeple.

Their stated desire is to make more companies pay tax, their likely hidden desire is for more lobbyists contributing to their campaign coffers and to offer lucrative jobs to supporters and to them post-retirement.

All taxes are ultimately paid by the end consumer. Corporations, regardless of what industry or industries they are involved in, view tax liability as one of the costs of doing business, just like the phone bill, or the electric bill or any other cost associated with doing business. Corporate taxes are always paid by the consumer.(That'd be me and you.)

[The Original Kacy]

The Lab Rat wrote:

<quoted text>
Bovine Feces!
Do away with "Corporate Taxes" entirely.
Do away with "Individual Income Taxes" entirely.
Move to a National Consumer Based Sales Tax.
Now, the more you consume, the higher the taxes you pay.
You know it going forward, so before you start pumping out the Germ Ridden little Nose Pickers, you better be sure you can afford them.
No one is "picking" on anyone. The collective "they" had the "choice" to have them, then "they" should provide for them, or give them up. The kid should not have to suffer, for the parents stupidity.
The Lab Rat (life in a nutshell)

Bovine Feces is right, sir!(Are you alright?)

[The Original Kacy]

JTY wrote:

<quoted text>
Corporate welfare has nothing to do with taxes. I am all for everyone paying as little taxes as possible. What I am against is giving that money to people in the form of welfare and business in the form of bailouts and subsidies.

But you are okay with large companies not paying any taxes or getting huge tax incentives? I haven't done the math, but I'm pretty sure the revenue we could receive if these things were done away with or at least minimized would well make up for Mary Smith down the street with the 3 babies she can't pay for. She might not be pleasant for you to see, but her food stamps are a water drop in the ocean compared to what we're wasting by giving these corporations a free pass.

[Darwinian]

The Lab Rat wrote:

<quoted text>
Bovine Feces!
Do away with "Corporate Taxes" entirely.
Do away with "Individual Income Taxes" entirely.
Move to a National Consumer Based Sales Tax.
Now, the more you consume, the higher the taxes you pay.
You know it going forward, so before you start pumping out the Germ Ridden little Nose Pickers, you better be sure you can afford them.
No one is "picking" on anyone. The collective "they" had the "choice" to have them, then "they" should provide for them, or give them up. The kid should not have to suffer, for the parents stupidity.
The Lab Rat (life in a nutshell)

What a great way to decrease consumerism, which fuels about 70% of our economy, while sticking it to the poor and middle class, who will end up paying a much higher percentage of their earnings in taxes than the wealthiest. Consumption taxes are among the most regressive.

[JTY]

The Original Kacy wrote:

<quoted text>
But you are okay with large companies not paying any taxes or getting huge tax incentives? I haven't done the math, but I'm pretty sure the revenue we could receive if these things were done away with or at least minimized would well make up for Mary Smith down the street with the 3 babies she can't pay for. She might not be pleasant for you to see, but her food stamps are a water drop in the ocean compared to what we're wasting by giving these corporations a free pass.

The corporations do not pay income taxes themselves, but what about their employees? Does a corporation have income? Doesn't that money almost always go to people/share holders who pay income tax?

[Tank Murdoch]

Exxon Mobil paid 30 billion in taxes last year

[kecker]

Ok this is pretty simple. Companies don't pay taxes....ever. None of them do.

However, apparently about one-third of them do incur periodic costs that they just pass onto the consumer in higher prices.

So in the end, companies don't pay corporate taxes. However, consumers pay ALOT of corporate taxes by proxy.

[Red Ryder]

JTY wrote:

<quoted text>
The corporations do not pay income taxes themselves, but what about their employees? Does a corporation have income? Doesn't that money almost always go to people/share holders who pay income tax?

they are paid by the shareholders, employees and lastly the consumer.

Where do corporation profits go? They are either invested in expansion in which case they are not profits and not taxable; or, they are paid as dividends to owners such as stockholders, in which case they are not profits. There are no such funds as corporate profits.

[Dave]

If you really feel corporations are not paying their fair share of taxes, consider what taxes you think they should pay and then see if they are.
This headline could read "Two-Thirds of US companies have no profits."

One of the reasons we give corporations "a free pass" (I'm assuming you're talking about tax incentives) is so they provide jobs in our community, which then provides people in our community a place to work so they build homes to live in, etc. etc.
When corporations give to charities by direct sponsoring events or employee match contributions, this comes off their tax burden as well.
There are a lot of reasons why a corporation doesn't show a profit; not all of them right, not all of them wrong, but typically they will be legal.

The Original Kacy wrote:

<quoted text>
But you are okay with large companies not paying any taxes or getting huge tax incentives? I haven't done the math, but I'm pretty sure the revenue we could receive if these things were done away with or at least minimized would well make up for Mary Smith down the street with the 3 babies she can't pay for. She might not be pleasant for you to see, but her food stamps are a water drop in the ocean compared to what we're wasting by giving these corporations a free pass.

[inaz]

So gantsta!

[The Lab Rat]

Darwinian wrote:

<quoted text>
What a great way to decrease consumerism, which fuels about 70% of our economy, while sticking it to the poor and middle class, who will end up paying a much higher percentage of their earnings in taxes than the wealthiest. Consumption taxes are among the most regressive.

Oh! You seem to have forgotten the New Rule!

No flapping the fingers, without a solution!

Ranting is Okay! BUT you have to put forth your own solution along with it.

The Lab Rat

P.S. The current Tax situation is BROKEN so therefore does not count. Nor does the Marxist Model! Original Thoughts Please (I know it's difficult)

[Small Business owner]

Dave wrote:

If you really feel corporations are not paying their fair share of taxes, consider what taxes you think they should pay and then see if they are.
This headline could read "Two-Thirds of US companies have no profits."
One of the reasons we give corporations "a free pass" (I'm assuming you're talking about tax incentives) is so they provide jobs in our community, which then provides people in our community a place to work so they build homes to live in, etc. etc.
When corporations give to charities by direct sponsoring events or employee match contributions, this comes off their tax burden as well.
There are a lot of reasons why a corporation doesn't show a profit; not all of them right, not all of them wrong, but typically they will be legal.
<quoted text>

Many of the "corporate taxes" not being paid are being paid as personal income, to avoid double taxation.

From the article:
An outside tax expert, Chris Edwards of the libertarian Cato Institute in Washington, said increasing numbers of limited liability corporations and so-called "S" corporations pay taxes under individual tax codes.

"Half of all business income in the United States now ends up going through the individual tax code," Edwards said.

If the company pays the profits as income, the S-corp or LLC's income ends up on the owner(s) personal income. If the owner(s) opted to pay taxes on the profit, then take the money paid out, they would pay tax twice on the same profits, three times if they paid dividends also.

[Wow]

Yeah, but the Republicans want you worrying about where welfare recipients spend their dollars, because they don't want you to know that they're giving it away for free to big business. Then, watch where they go work after their terms are over..... It stinks. But BEWARE the welfare moms...!!!

[grey and wise]

our friends on the left love subsidies;

windpower,solar & E-85 ethanol.

T-Boner Pickens stands to make billions in federal subsidies.

JTY wrote:

<quoted text>
Corporate welfare has nothing to do with taxes. I am all for everyone paying as little taxes as possible. What I am against is giving that money to people in the form of welfare and business in the form of bailouts and subsidies.