You paid more in taxes than America's largest corporation

[shmike]

Originally Posted by Homeslice

And are 100% of those overseas operations able to operate without any help from people here in the US........kinda doubt it

Sick of GE.......they think their shit doesn't stink ever since Welch wrote that management book 15-20 years ago. And HR idiots from other companies ate it hook line and sinker.

What does that matter?

If they have offices here, they pay real estate taxes.

If they have staff here, they pay payroll taxes.

If they made no money here, why would they pay income taxes here?

[pauldun170]

Whats the issue here? Corporations taking advantage of the tax code?

[goof2]

Originally Posted by pauldun170

Whats the issue here? Corporations taking advantage of the tax code?

Basically. What it means, what should be done about it, and what will result from any changes are not so clear cut though.

[Particle Man]

Originally Posted by pauldun170

Whats the issue here? Corporations taking advantage of the tax code?

Ever read Tom Clancy's Executive Orders?

[smileyman]

Originally Posted by KSGregman

I read that this morning in the NY Times....been chewing on it all day....the story goes along perfectly with the book I just finished reading.

Winner Take All Politics by Jacob Hacker.

We don't have a Republic anymore...and it stopped being "by the people, for the people" a LONG time ago. Our government is own by large corporations.

Word!

Originally Posted by Kaneman

Top story on Huffpost is about corporations making the biggest profits ever while everyone else is getting fucked, which also ties in nicely.
http://www.huffingtonpost.com/2011/0..._n_840538.html

America. Fuck yea.

Truth.

[smileyman]

Originally Posted by shmike

What does that matter?

If they have offices here, they pay real estate taxes.

If they have staff here, they pay payroll taxes.

If they made no money here, why would they pay income taxes here?

As a penalty for taking US income taxes and corporate profit away from the place where their products are sold? For selling out our countries long term for the sake of their short term profits? For taking US investment dollars and making other countries economies more viable than our own?

[KSGregman]

Originally Posted by pauldun170

Whats the issue here? Corporations taking advantage of the tax code?

Look closer.....

The corporations essentially WRITE the tax code....or have the politicians they own write the tax code that is most favorable to them FOR them.

[goof2]

Originally Posted by smileyman

As a penalty for taking US income taxes and corporate profit away from the place where their products are sold? For selling out our countries long term for the sake of their short term profits? For taking US investment dollars and making other countries economies more viable than our own?

OK, so you want to punish them for avoiding some taxes by trying to make them pay more taxes? You realize there is nothing preventing these companies from moving everything they possibly can overseas including their headquarters, something most large American corporations have not done so far? You are seeing what they are doing about their current tax burden in this country. There is a pretty good chance they will take further steps if that tax burden is further increased.

[smileyman]

Originally Posted by goof2

OK, so you want to punish them for avoiding some taxes by trying to make them pay more taxes? You realize there is nothing preventing these companies from moving everything they possibly can overseas including their headquarters, something most large American corporations have not done so far? You are seeing what they are doing about their current tax burden in this country. There is a pretty good chance they will take further steps if that tax burden is further increased.

Good. Have them move. At least that way we can control their interest with appropriate tarriffs. Better than having them here buying elections with Supreme Court allowed P.A.C funds. Better than having our country controlled by corporate dollars instead of peoples votes...

[smileyman]

Originally Posted by KSGregman

Look closer.....

The corporations essentially WRITE the tax code....or have the politicians they own write the tax code that is most favorable to them FOR them.

Truth. Government by the corporations, for the corporations, blah blah blah...All supported by working tax paying citizens...