W T F ?

http://vimeo.com/ondemand/werenotbrokefilm/78013933

Absurd!

It's probably those liberal devils, or those conservative demons...

With all the money they spend on lobbyist's they can't afford to pay taxes.

Besides taxpayers don't live in DC and throw cocktail parties so it's win win.

Can't tax the guy who got you drunk and laid. It's the American way.

But it's for the good of the country! If these global corporations, you know, the job creators, have to pay taxes, well, then, they won't create more jobs. Just like they haven't been doing these past five years.

Check with Hankster, TJ, Rev. Blackmouth, and the other right wing whack jobs on this forum, and they'll verify how it's necessary for the richest companies and individuals to pay less or no taxes. It may not be Econ 101, but I'm sure it's in Econ 401, or 501, or somewhere up in the ether.

Hey, this whole thread, and Salmo and eyeFISH, you're all socialists... Just trying to REDISTRIBUTE wealth.

And destroy jobs.

And ruin the country.

For the self proclaimed smartest guy on PP you sure lack basic comprehension skills. I never once said that corps should not pay taxes. What I have said is tax them as much as you want it all gets passed to the consumer regardless. Same with subsidies remove them all and let's see what things really cost. I could care less either way. If you think corps paying more taxes benefits the little guy you must give back your self awarded smartest guy title.

Right wing whack job, really, can you do no better than to plagiarize your cheerleader?

In times past I would not have expected the PP group to have treated a trailer for a rabble rousing 60 minute "documentary" as something meaningful, but alas time has passed and I suppose desperate times call for desperate measures.

For anyone willing to read and think, consider.

Most firms pay no income taxes - Congress
Study finds that the majority of domestic and foreign corporations in the United States avoid paying federal income taxes.

By David Goldman, CNNMoney.com staff writer
Last Updated: August 12, 2008: 4:38 PM EDT


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.

The GAO report, which did not name any specific companies, said that some corporations reported zero income before deducting expenses while others said they had zero net income after deducting expenses. Either way, those companies reported no tax liability, the GAO said.

But many of the companies the report found had paid no tax were likely small businesses that pay other taxes. Generally, many small firms, because they do not have shareholders, are able to shift corporate income to individual income.

"Small businesses that are going to be liable for a lot of income tax are likely to use other tax forms so they only pay individual income taxes," said Eric Toder, a senior fellow at the Tax Policy Center.

The study was requested by Sens. Byron Dorgan, D-N.D, and Carl Levin, D-Mich., in an attempt to determine if corporations are abusing so-called transfer prices.

Transfer prices are charges on transactions between subsidiary companies within a larger corporate group. Companies may try to lessen their U.S. tax hit by improperly transferring income to foreign subsidiaries in countries with lower rates.

The GAO study did not attempt to determine if companies were abusing transfer prices, but it said that potential abuse of transfers could reduce the amount of taxes companies pay in the United States.

"The tax system that allows this wholesale tax avoidance is an embarrassment and unfair to hardworking Americans who pay their fair share of taxes," Dorgan said in a statement.

U.S. politicians disagree about how much income tax the government should levy on corporations. Currently the rate is 35%, but most foreign governments have set their rates below the U.S. level.

"The U.S. corporate tax rate stayed the same while foreign countries have drifted down, which increases the incentive for companies to report income in other countries," said Toder. "If the U.S. drops the rate to 30% but closes other tax loopholes, that may ultimately generate more tax revenue for the government."
Juice economy again? It's a tough call

Now I realize that to read and reason takes more time and effort than watching the piece of puff dramamentary exhibited at the head of this thread, however I consider it to be worth the effort even though many on this board will not, as the ability to reason seems to be in short supply.

So it's your choice. You can attempt to understand the reality's of the economics of worldwide corporate competition, and the effect that those realities have on our country, and then make logical choices to further your goals and proceed accordingly with your situation, or you can just react and occupy Wall Street, or for the truly educated amongst us, well they can simply storm the Bastille. Vive La France

Rev,

That's just lies, damn lies, and statistics...

a) 2/3 pay no taxes. Let's presume that's true, how many of those are LLCs or other structures where -- as is vaguely mentioned in your article -- their taxes are instead paid by the members (partners).

b) oh, and since we're counting businesses by numbers -- those "Fortune 500" companies, they represent a massive percentage of the revenue and profits, but a tiny sliver of the total number of businesses, so once again your C&P is deceptive

c) and finally, let's just ignore the fact that the stats in the video (that you're slamming) appear to be TRUE. Let's instead shift the issue to other bogus stats... Let's call them "dramamenteries" and declare our shoddy statistics to be "the ability to reason"

All political musings aside, I can't understand how anybody not directly benefitting from corporate welfare can be an apologist for the same.

When companies that are "too big to fail" don't pay their taxes, the rest of us pay more, or else stuff like education and healthcare simply don't get funded. They're selling our children (and thereby the future of our nation) down the river. How anyone who does pay income tax can be okay with that is beyond my comprehension. I guess stock dividends made possible by increased debt limits make anything forgivable for some....

Was that intended to be meaningful?

98% correct,--------------------- Gold Star.

Hey, I was proud of that sentence, ya big bully....

I did misspell benefiting, but you obviously understood my intent in using that word, so what was it that made my sentence meaningless? Are you one of those types that can't understand a sentence in which every subject and object isn't a person's name?

See Dick. See Jane. See Dick and Jane. See Dick and Jane pay tax....

So just what the hell is "corporate welfare"? No need for you to answer as I will do it for you. "Corporate welfare" is a buzz phrase, a loaded, but meaningless phrase, conjured up to stir the passions of people that are predisposed to such stirrings, you know the kind of people I speak of occupy Wall Streeters, code pinkers, etc.

I do not claim that the statutes regarding corporations are optimal, but they were all passed by congress and signed into law by a President. They are the rules by which corporations do the business that they do, and when any corporation is successful that corporation is then a benefactor to our country. To think otherwise, is well, not to have thought very deeply.

As for being a bully, well it's hard to be a bully when you're a christian in a stadium full of lions.

Or a circus clown in a tent full of laughing people.

Fish on...

Todd

Todd's back

"The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself."

Friedrich Nietzsche




I don't think the Reverend is alone, nor is everyone laughing.


Todd- wouldnt your predjudice here also qualify as bigotry? Reeks of intolerance to me.

Tolerance is only extended to like minded folks.