christiefan915
Catalyst
They vote against their interests. All the time.
Faux News weasels out of paying taxes...
- Thread starter christiefan915
- Start date
They vote against their interests. All the time.
G
Guns Guns Guns
Guest
Everyone should pay their fair share, in my opinion. No deductions, no tax credits, no deferrals, no "loopholes".
Will it ever happen?
I doubt it.
Nearly half of Americans currently pay no federal income tax, and I can't imagine those folks voting to re-elect anyone foolish enough to make them pay.
Will it ever happen?
I doubt it.
Nearly half of Americans currently pay no federal income tax, and I can't imagine those folks voting to re-elect anyone foolish enough to make them pay.
christiefan915
Catalyst
What do unions earn in profits?
Dixie - In Memoriam
New member
In other words I should volunteer more of my money to make up for the money that entities like GE, Faux and others like them don't pay.
It's just hilarious how righties whine about unions, while corporations get away with murder.
Let's all make it our business to help the rich get richer.
NEW YORK (CNNMoney.com) -- Nearly two-thirds of U.S. companies and 68% of foreign corporations do not pay federal income taxes, according to a congressional report released Tuesday.
The Government Accountability Office (GAO) examined samples of corporate tax returns filed between 1998 and 2005. In that time period, an annual average of 1.3 million U.S. companies and 39,000 foreign companies doing business in the United States paid no income taxes - despite having a combined $2.5 trillion in revenue.
The study showed that 28% of foreign companies and 25% of U.S. corporations with more than $250 million in assets or $50 million in sales paid no federal income taxes in 2005. Those companies totaled a combined $372 billion in sales for the largest foreign companies and $1.1 trillion in revenue for the biggest U.S. companies.
http://money.cnn.com/2008/08/12/news/economy/corporate_taxes/
You continue to lap up the current socialist brainwash koolaid because you love it so much. With the increased emphasis on the debt and the TEA Party gaining political ground on downsizing government, the Democrat Socialists have trotted out their latest meme... We're not broke, there's plenty of money out there!
Enter all the statistics and numbers designed to show people how 'most of the wealth' is controlled by 'very few' and as Micheal Moore says, that's not their money, that's OUR money! Well, excuse me, Mr. Moore and pinheads alike, that money is earned through our capitalist system legally, honestly, and fairly, and it does NOT belong to anyone except the people who earned it.
charver
You lookin' at my pint?
So if you want to get elected, run on a platform of no taxes for anyone.
I should be paid a lot of cash for this sort of advice.
G
Guns Guns Guns
Guest
You don't know?
What a surprise, with you being such an expert on taxation.
Unions are exempt from taxes.
charver
You lookin' at my pint?
charver
You lookin' at my pint?
And this explains David Cameron "boycotting my payment" for something undefined, and unknown to anyone but yourself, how?
Taichiliberal
Shaken, not stirred!
And then they dodge, lie and deny when the FACTS come out against their neocon/corporate conservative gods...as we see on this thread.
charver
You lookin' at my pint?
Strictly speaking the taxation policies of the Cameron coalition are irrelevant whether i did actually advise them on fiscal issues or not with regard to the question of 'boycotting payment'.
May i assume some sort of humour was being attempted?
(In hindsight this may seem rather a rather pointless discussion, so apologies to anyone who read any of this intending any sense of enlightenment as to any issues being discussed in this particular thread.)
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apple0154
MEOW
Yes, that money was earned legally through a system and the problem is the system that allowed it. As for earning it fairly is it "fair" when a doctor buys a boat from the money he received from an ill person having sold their home? Is it fair when a person's life savings, savings spent on an illness, are used by others for unnecessary luxuries?
You have a strange definition of fair.
DamnYankee
Loyal to the end
No, you'd be making up for individuals who can't afford to pay their own taxes. Why do you hate people?In other words I should volunteer more of my money to make up for the money that entities like GE, Faux and others like them don't pay.
Dixie - In Memoriam
New member
Capitalism is the most 'fair' system known to mankind. You commies just like to focus on the capitalist and disregard everything else... The person who sold their house to see a doctor (a scenario that never happens), did they receive a valued service for their money? Perhaps the doctor saved their life? Was that not worth the money paid? Did the doc not deserve the money for saving a life? Would it have been better for them to keep the house and die?
Participation in a capitalist system is completely voluntary, no one forces you to do it... except in the case of Obamacare, where you HAVE to purchase insurance, which will eventually be found unconstitutional. Capitalism is the capitalizing of an opportunity to make a profit, but it literally depends on demand from a consumer.
Taichiliberal
Shaken, not stirred!
I cite the responses of Christiefan and Charver, as to how they accurately cut through the dodges of you and your like minded co-horts on this thread. Christies original post stands valid, and rather than just acknowledge that the audience gets the usual neocon shuffle from mentally spent condoms like you, Rbter. Now run-a-long and do your usual Rbter lie, deny, dodge, distort and attack dance...because your argument isn't with me, Rbter, it's with Christiefan and Charver, and they are making a fool of you.
christiefan915
Catalyst
So you think all the little guys should make up for the taxes that billion-dollar corporations aren't paying.
Open up your own check book and join the crowd.
Cancel 2016.2
The Almighty
1) A corporation is a collection of paper.
2) A corporation employees individuals and is owned by individuals. The tax should be on the income of the employees and on any gains/dividends by the individuals who own the stock. A corporate tax rate simply is a hidden tax on the consumer.
3) In your example above, it stated that Fox (like many other companies) DEFERRED taxes. It does not state they did not pay them. If they used loopholes/deductions from the tax code to do so, then your problem is not with Fox, but rather with the idiots in DC who have made our tax code in excess of 70,000 pages.
4) If our idiots in DC would stop over spending revenue by $1.7 TRILLION.... that too would lessen the tax burden on the consumer in the long run.
DamnYankee
Loyal to the end
No, I think big government lovers like you should pay for all the government that you ax'd for, instead of forcing me to pay for it.
Taichiliberal
Shaken, not stirred!
FYI, from a source that is definitely NOT "liberal"...Forbes Magazine:
http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-washington-corporate-taxes.html
christiefan915
Catalyst
The IRS sucks, no question.
My problem is with corporations registering in Delaware if they're not located there, outsourcing jobs, hiding money in off-shore banks, and all the while using this country's resources and people to help make those ginormous profits.
Your argument is that what they're doing is legal. My argument is that using loopholes to avoid responsibility is unethical and dishonest.
There's something wrong with a system that allows this to happen:
"Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion."
christiefan915
Catalyst
Amen! How can anybody read stuff like this and not be outraged?
"It's GE Capital that keeps the overall tax bill so low. Over the last two years, GE Capital has displayed an uncanny ability to lose lots of money in the U.S. (posting a $6.5 billion loss in 2009), and make lots of money overseas (a $4.3 billion gain). Not only do the U.S. losses balance out the overseas gains, but GE can defer taxes on that overseas income indefinitely."