Comments on: Most Companies Pay No Federal Income Tax

GAO Study Also Finds 68% Of Foreign Companies In U.S. Avoid Corporate Taxes

[omega39-2009]

The presidents, vice presidents, financial officers, boards, employees and stockholders pay the taxes. The corporations NEED to be tax free, or they''''ll move to other countries. You want to prevent outsourcing? Don''''t charge corporations taxes!

Posted by downtowner97

Or we could do like the Chinese and tell them that if they want to sell here they have to build here.

[downtowner97]

The presidents, vice presidents, financial officers, boards, employees and stockholders pay the taxes. The corporations NEED to be tax free, or they''ll move to other countries. You want to prevent outsourcing? Don''t charge corporations taxes!

[jtdev1]

It''s funny how these corporations use the US Laws to protect things like Copy-Right and use the US Courts to enforce those laws, but when it comes to paying for the enforcement and prosecution they all find these loopholes to avoid paying...

I say that each corporation that uses the US Laws & Courts to protect their property must pay the cost of the protection.

I''ve had enough of these corporations getting something for nothing...

[lochlan-2009]

"Tax Policy Experts Give Democrat''s Proposal To Nix Income Tax For Some Seniors Low Marks"

"Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005"

"about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period."

This government has no shame.

[rbburnerjr]

Donate money to the Republicans and then you don''t have to pay taxes. Any moron, Bushie or McClain supporter understands this.

[wardoglrs]

Read your Constitution The forefathers never wanted you to pay out of your labor.

[TommyCraig]

No company pays taxes! These taxes are always passed onto the consumer. People don''t go into business to lose money. All cost of business is passed onto the consumer.
If you are selling candy bars for $1 each and your cost is $.50, and tax increases your cost to $.75, guess what? The candy bar just went to $1.25.
You can''t increase the taxes without hurting the consumer or workers of that company.
I am more concerned with the greedy exec''s that want to shine by making the stock value look great while gutting a company.

[nolalou]

Yet when Obama calls for windfall profit taxes on oil companies, McCain has the nerve to call him unrealistic.
In 2001 McCain was against the Bush tax cuts, because it benefited the wealthy and corporations instead of the middle class! The Bush tax cuts gave corporations $132 billion in tax breaks! Now suddenly McCain is for extending those cuts!

[ubrew12]

Share of total income accruing to the wealthiest 1% of Americans:
1910s: 17%, 1920s: 17%, 1930s: 14%, 1940s: 11%, 1950s: 9%, 1960s: 8%, 1970s: 8%, 1980s: 11%, 1990s: 13%, 2000s: 16%, current: 17.5%

Anyone old enough will recall: America was a truly GREAT country between the 1950s and 1980s. In the 1910s-1920s, it was setting itself up for the Great Depression, and we all know whats happened since the 1980s. I don''t think that reality is unrelated to the statistics above.

Taxes build societies. Tax breaks break them down again.

[omega39-2009]

From a Boston globe article April 2004....

The GAO report showed that 61 percent of US corporations paid no federal income taxes from 1996 through 2000, a period of rapid economic growth and rising corporate profits.

An estimated 94 percent of US corporations reported tax liabilities amounting to less than 5 percent of their total income in 2000. The corporate income tax rate is ostensibly 35 percent, but companies are able to reduce their effective burden by claiming various deductions and credits.

US companies paid an average of $11.88 in corporate taxes for every $1,000 in gross receipts, the study said.

Small corporations were more likely to avoid taxation than large ones, it showed. About 38 percent of big companies (those with more than $250 million in assets or $50 million in revenues) paid no taxes during the five-year period.

Foreign-owned companies fared better in some respects than their US-based competitors. The report found that 71 percent of foreign-controlled corporations paid no taxes on their US income, while 89 percent had liabilities of less than 5 percent of their income.

Ho hum, the GAO periodically releases this story and neither side has an interest to act on it.

[sillygirl13]

You ought to get the facts about HOW businesses taxes are paid before you write an article that causes rifts between american citizens just to sell a newspaper on get tv ratings. and the quote in a comment about the big corps. paying the 95% share is a misquote it is the biggest money earners that pay the 95%. what is shameful is that partnerships, s corps and many other "businesses" do pay taxes it is just not listed as a tax in the name of the business, the profits are dispersed to the partners and they pay taxes based on their own personal tax rates. Sometimes this is higher than what the business, set up differently , would pay. there are so many ways the GOVERNMENT has devised to collect taxes and then make us the common people feel alienated to each other. And the media is culpable too because if they were really doing their REPORTING job in stead of their "Cause a rift" and "America is evil" agenda they would research and report the WHOLE story.

[sillygirl13]

You ought to get the facts about HOW businesses taxes are paid before you write an article that causes rifts between american citizens just to sell a newspaper on get tv ratings. and the quote in a comment about the big corps. paying the 95% share is a misquote it is the biggest money earners that pay the 95%. what is shameful is that partnerships, s corps and many other "businesses" do pay taxes it is just not listed as a tax in the name of the business, the profits are dispersed to the partners and they pay taxes based on their own personal tax rates. Sometimes this is higher than what the business, set up differently , would pay. there are so many ways the GOVERNMENT has devised to collect taxes and then make us the common people feel alienated to each other. And the media is culpable too because if they were really doing their REPORTING job in stead of their "Cause a rift" and "America is evil" agenda they would research and report the WHOLE story.

[sillygirl13]

You ought to get the facts about HOW businesses taxes are paid before you write an article that causes rifts between american citizens just to sell a newspaper. and the quote in a comment about the big corps. paying the 95% share is a misquote it is the biggest money earners that pay the 95%. what is shameful is that partnerships, s corps and many other "businesses" do pay taxes it is just not listed as a tax in the name of the business, the profits are dispersed to the partners and they pay taxes based on their own personal tax rates. Sometimes this is higher than what the business, set up differently , would pay. there are so many ways the GOVERNMENT has devised to collect taxes and then make us the common people feel alienated to each other. And the media is culpable too because if they were really doing their REPORTING job in stead of their "Cause a rift" and "America is evil" agenda they would research and report the WHOLE story.

[sillygirl13]

You ought to get the facts about HOW businesses taxes are paid before you write an article that causes rifts between american citizens just to sell a newspaper. and the quote in a comment about the big corps. paying the 95% share is a misquote it is the biggest money earners that pay the 95%. what is shameful is that partnerships, s corps and many other "businesses" do pay taxes it is just not listed as a tax in the name of the business, the profits are dispersed to the partners and they pay taxes based on their own personal tax rates. Sometimes this is higher than what the business, set up differently , would pay. there are so many ways the GOVERNMENT has devised to collect taxes and then make us the common people feel alienated to each other. And the media is culpable too because if they were really doing their REPORTING job in stead of their "Cause a rift" and "America is evil" agenda they would research and report the WHOLE story.

[j0xujahc]

And yet unemployment and some social security is taxable.Always the little people get stepped on.

[stn_sage]

Oh yeah RIGHT! what does this idiot call PAYROLL TAX, state and local tax, inventory tax, real estate tax, corporate tax, and all the rest of the taxes businesses pay???
Posted by newster1 at 09:28 AM : Aug 12, 2008
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You SEEM to have MISSED the point of the article!
But, you have the time to go HYPERTENSIVE on us!
Re-read it! What is it that two-thirds of U.S. corporations failed to do from 1998 to 2005?
GUESS?!

[pollroller1]

The more we are taxed, the more our kings and queens will spend. The money will not help the peasants that are paying the taxes, it will be used for worthless projects that will do nothing for the public. If a person is smart enough to make millions or billions, I say GOOD FOR THEM. They earned it, let them keep it.

[mytoosense]

Down with socialism!
No socialized medicine, no welfare, no social security and no public education. Privatize all education and let the parents of the kids attending pay 100% of the cost, I''m sick of paying for the education of other peoples kids through property taxes!!!


Just kidding...

[godseyesore-2009]

Your typical repugnican tactics at work...

[payasyougo]

"Dorgan and Levin have complained about companies abusing transfer prices..."
----

So, simplify the tax system and eliminate the opportunity for loopholes.

Eliminate *all* tax breaks and reduce the corporate tax rate. When it makes business sense to do business, people will. When it makes tax sense to do business, this is the problem.