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Title: Raise Corporate Taxes
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Published: Jul 3, 2014
Author: me
Post Date: 2014-07-03 13:30:40 by Americans 1st
Keywords: None
Views: 98
Comments: 8
I have an idea for a new activism project. Raise Corporate taxes. They of course have never and never will respond to normal types of protest such as ones against immigration, legal or illegal. Or care of the fact that millions of Americans are without employment, health care, homes and/or have lost their businesses. While millions of immigrants are flooding the country. Focus on the expense of mass immigration and loss of American jobs. Demand that anyone who supports this should take the responsibility of the trillions in costs. Something similar to "Raise Corp Taxes .com" as a giant overpass sign. With a corresponding blog. Perhaps also focusing on other aspects of them being global, slave labor and using bailout monies for purposes other than helping Americans. It was our money after all.
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#1. To: All (#0)
no help?
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen." Samuel Adams, (1722-1803)
It is not possible to tax corporation since the consumers pay all taxes.
What? "If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen." Samuel Adams, (1722-1803)
Correct. Just another cost of doing business.
Thanks to NAFTA/GATT, corporations can relocate off shore and then export their products into America mostly duty free. Given the chart above, how much more should America raise corporate taxes? Life is what happens to you when you are making other plans.
26 top American corporations paid no federal income tax from ’08 to ’12 – report Twenty-six of the most powerful American corporations – such as Boeing, General Electric, and Verizon – paid no federal income tax from 2008 to 2012, according to a new report detailing how Fortune 500 companies exploit tax breaks and loopholes. The report, conducted by public advocacy group Citizens for Tax Justice (CTJ), focuses on the 288 companies in the Fortune 500 that registered consistent profit every year from 2008 to 2012. Those 288 profitable corporations paid an “effective federal income tax rate of just 19.4 percent over the five-year period — far less than the statutory 35 percent tax rate,” CTJ states. One-third, or 93, of the analyzed companies paid an effective tax rate below 10 percent in that timespan, CTJ found. Defenders of low corporate taxes call the US federal statutory rate of 35 percent one of the highest companies face in any nation. But the report signals how the most formidable corporate entities in the US take advantage of tax breaks, loopholes, and accounting schemes to keep their effective rates down. more here "If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen." Samuel Adams, (1722-1803)
The American corporate tax system is badly broken. Some corporations pay more than a third of their profits in federal income taxes, while other equally profitable firms pay nothing at all. On average, corporations pay just 12.6 percent of their profits in federal income taxes, according to a recent study by the U.S. Government Accountability Office. Corporate and political leaders keep telling us that cutting corporate tax rates will create jobs. Our examination of the evidence found no relationship between cutting tax rates on corporate profits and job growth. We examined the job creation track record of 60 large, profitable U.S. corporations (from a list of 280 Fortune 500 companies) with the highest and lowest effective tax rates between 2008 and 2010 and found: 22 of the 30 corporations that paid the highest tax rates (30 percent or more) on their reported profits created almost 200,000 jobs between 2008 and 2012. Only eight of the 30 firms paying high tax rates reported reducing the number of employees between 2008 and 2012. The 30 profitable corporations that paid little or no taxes over three years collectively shed 51,289 jobs; half of these low-tax firms created some jobs, and half shed jobs between 2008 and 2012. Lowe’s, the nation’s second-largest home improvement store, paid over 36 percent in taxes on reported profits of $9 billion between 2008 and 2010, and hired an additional 28,820 employees between 2008 and 2012. Verizon, the nation’s largest wireless provider, reported $32 billion in U.S. profits between 2008 and 2010, yet received tax refunds totaling $951 million and reduced the number of employees by almost 56,000 between 2008 and 2012. http://www.foreffectivegov.org/corp-tax-rate-debate Guess who pays for all their cheap immigrant labor? "If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen." Samuel Adams, (1722-1803)
I was talking corporate taxes but I'm with you on federal taxes which isn't the fault of the corporation, btw. Federal tax law is written by K-Street lobbyists who purchase hack politicians who then amend IRS law. Incidentally, my guess is that the top 10% of the wage earners in the US pay more than 50% of the income tax, with app. 50% of the population paying no federal tax whatsoever. Life is what happens to you when you are making other plans.
#2. To: Americans 1st (#0)
#3. To: DWornock (#2)
It is not possible to tax corporation since the consumers pay all taxes.
#4. To: DWornock (#2)
It is not possible to tax corporation since the consumers pay all taxes.
#5. To: Americans 1st, 4 (#0)
#6. To: Jethro Tull (#5)
#7. To: All (#0)
#8. To: Americans 1st (#7)
26 top American corporations paid no federal income tax from ’08 to ’12 – report
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