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The Paradox of Corporate Taxes
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The Paradox of Corporate Taxes
by gettheminNOVEMBER Mon May 30, 2011 1:08 pm
http://www.nytimes.com/2011/02/02/business/economy/02leonhardt.html?_r=1
But Carnival’s biggest government benefit of all may be the price it pays for many of those services. Over the last five years, the company has paid total corporate taxes — federal, state, local and foreign — equal to only 1.1 percent of its cumulative $11.3 billion in profits. Thanks to an obscure loophole in the tax code, Carnival can legally avoid most taxes.
So much for SHARED SACRIFICE! Add the Bush tax cuts to that. Yea REPUKES we have a revenue problem.
But Carnival’s biggest government benefit of all may be the price it pays for many of those services. Over the last five years, the company has paid total corporate taxes — federal, state, local and foreign — equal to only 1.1 percent of its cumulative $11.3 billion in profits. Thanks to an obscure loophole in the tax code, Carnival can legally avoid most taxes.
So much for SHARED SACRIFICE! Add the Bush tax cuts to that. Yea REPUKES we have a revenue problem.
gettheminNOVEMBER- Member
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Age : 49
Re: The Paradox of Corporate Taxes
by mistermunster Mon May 30, 2011 8:35 pm
Here's another rat that thinks Corps are "PEOPLE TOO"
As usual the NY Times overlooks the tax cheats and ingrates in the working classes and the millions of indolent work evaders. Corporations are people too and deserve to enjoy the freedom from government tyranny granted by our Constitution just as much as anyone else. Taxing corporations and giving their wealth to the ignorant and lazy only punishes industry. Not only is this against the wishes of our founding fathers, but it is a sin against those most blessed by our Lord and most capable of leading our great nation into the future.
As usual the NY Times overlooks the tax cheats and ingrates in the working classes and the millions of indolent work evaders. Corporations are people too and deserve to enjoy the freedom from government tyranny granted by our Constitution just as much as anyone else. Taxing corporations and giving their wealth to the ignorant and lazy only punishes industry. Not only is this against the wishes of our founding fathers, but it is a sin against those most blessed by our Lord and most capable of leading our great nation into the future.
mistermunster- Member
- Posts : 847
Join date : 2011-02-19
Age : 61
Location : ca
Re: The Paradox of Corporate Taxes
by Guest Mon May 30, 2011 9:29 pm
“A dirty little secret,” Richard Clarida, a Columbia University economist and former official in the Treasury Department under President George W. Bush, has said, “is that the corporate income tax used to raise a fair amount of revenue.”
YA THINK!!!!!!!!
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