That’s the issue.[/quote]
So you propose that they get taxed even when they don’t make any money? When they are operating at a loss like a startup?
The 57% number quoted had a caveat. It is for a one year period within a 7 year window. It includes the year periods between 2000 and 2003 when we were entering into recession-1. It also does not mention size of businesses.
During that time corporate sales in the United States totaled $2.5 trillion, according to Democratic Sens.
And what is their cost of doing business during the same period? Nice to quote the sales.. but that is gross, not net. If you have a margin of 4%, of every $100 of sales, you have $4 of income.
The report did not name any companies.
Nice.. it prevents people from double checking their figures. NAME THEM!!! particularly the ones not paying any taxes (foreign and domestic).
The study showed about 28 percent of large foreign corporations, those with more than $250 million in assets, doing business in the United States paid no federal income taxes in 2005 despite $372 billion in gross receipts, the senators said.
