Corporate taxes are too LOW!

Oh, our poor corporations...whatever!

http://www.alternet.org/economy/150509/ ... age=entire
The shift of all these taxes from corporations to individuals and families has been pushed with the help of a Big Lie – growing from a small kernel of truth – told by corporate America, its lackeys in Congress and the media it dominates just about every day: that American companies face some of the highest taxes in the world.

The kernel of truth is that, at 35 percent, we do have one of the highest statutory corporate rates in the world – that is, the rate that's written down in the tax code. But what's written in the tax code is inconsequential compared to the number written on checks sent to the IRS.

What US companies actually pay in taxes is among the lowest figures in the developed world. The effective tax rate is what companies actually fork over. As the non-partisan Center for Budget and Policy Priorities (CBPP) explained, the 35 percent rate the corporate mouthpieces on CNBC are always whining about “does not take into account the generous depreciation rules, exemptions, deductions, and credits (some of which are sometimes termed 'loopholes') that corporations may be eligible for.”

The upshot of all this is that while the American economy has many problems, overtaxing corporations is not one of them.

Just to point this out - GE pays NO taxes.

And Imellt is the chairman of Obama's Council on Jobs and Competitiveness.

Yep, decrease corp taxes to 20% and rule out most corporate exemptions, but then the politicians would lose influence and donations.

They need to make Congress only last 3 months. Too much time spent writing confusing tax codes and handing out pork. Imagine if they changed the tax system that states collected all taxes and then sent a certain percentage to DC. How sweet that would be.

NOT, gonna, Happen.

SS109 wrote: Yep, decrease corp taxes to 20% and rule out most corporate exemptions, but then the politicians would lose influence and donations.

They need to make Congress only last 3 months. Too much time spent writing confusing tax codes and handing out pork. Imagine if they changed the tax system that states collected all taxes and then sent a certain percentage to DC. How sweet that would be.

Leave it where it is and then rule out the loopholes.

towermonkey wants to pay about 40% more for everything produced by corporations. Brilliant!

Brilliant idea - raise the taxes paid by the corporations - is it any wonder that it is championed by the progressives?

Let me ask one thing of all of you. Where does the money that the corporations pay in taxes come from?

And so, while insisting upon keeping the income taxes on that hardworking and shrinking group of people in this nation also known as the middle class, at the same time you are championing taxing them more, albeit indirectly, and therefore underhandedly, and taking even more money out of their family budgets. Not only the middle class mind you, but also those 46% of the poor people who currently pay no income taxes at all. What a brilliant strategy - take their money while pretending that you are punishing the evil corporations.

I have news for all of you. Taxes to a corporation are akin to denim for Levi Strauss - a production cost that gets passed along to the consumer - after a profit margin has been added, of course. What is it that is so hard to figure out here people? The more you take from someone, the less incentive they have to earn more. The more of what they earn that they are allowed to keep, the more incentive they have to earn more. Who is a better judge of how Warren Buffets money should be spent - Warren Buffet or the federal government? Will the people who receive the charity that results from the generosity of Warren Buffet's contributions receive more benefit if it comes directly from a private charity within the community that receives his money directly, or will they receive more benefit if it first goes through the middle man of the federal government.

The logic is pretty simple and straightforward. But for the life of me I can't begin to understand why so many find it so difficult to comprehend..............

PrintSmith wrote: Brilliant idea - raise the taxes paid by the corporations - is it any wonder that it is championed by the progressives?

Let me ask one thing of all of you. Where does the money that the corporations pay in taxes come from?

And so, while insisting upon keeping the income taxes on that hardworking and shrinking group of people in this nation also known as the middle class, at the same time you are championing taxing them more, albeit indirectly, and therefore underhandedly, and taking even more money out of their family budgets. Not only the middle class mind you, but also those 46% of the poor people who currently pay no income taxes at all. What a brilliant strategy - take their money while pretending that you are punishing the evil corporations.

I have news for all of you. Taxes to a corporation are akin to denim for Levi Strauss - a production cost that gets passed along to the consumer - after a profit margin has been added, of course. What is it that is so hard to figure out here people? The more you take from someone, the less incentive they have to earn more. The more of what they earn that they are allowed to keep, the more incentive they have to earn more. Who is a better judge of how Warren Buffets money should be spent - Warren Buffet or the federal government? Will the people who receive the charity that results from the generosity of Warren Buffet's contributions receive more benefit if it comes directly from a private charity within the community that receives his money directly, or will they receive more benefit if it first goes through the middle man of the federal government.

The logic is pretty simple and straightforward. But for the life of me I can't begin to understand why so many find it so difficult to comprehend..............

You are dead on PS, it is simple logic but those who want a utopian "everything should be fair" world, will ignore the fact that we consumers will ALWAYS pay more as taxes go up on corporations, there is no way around it.

I would like to hear from an anti-ccorporation liberal on this and find out what their answer would be to the "problem". My guess is that they would want government to regulate how much profit a company is "allowed" to keep. Sounds real great until you watch these companies take their business overseas and give their tax money to another country instead.

I think the pure liberal dream would be for the government to own everything and every bit of profit goes back to the government for equal distribution. Now what would we call that?

sieg heil.

Can't create jobs or wealth with no factories to produce consumer goods.