Businesses Taxed Too Much? Not Really…

[GH]

And your would-be solution is to raise the tax rates and close any loopholes.
Yeah, that’ll make them come here.

They all seem to want to sell here right? Perhaps if they were given a choice of selling here and paying tax or not selling here and not paying tax that would help them make a sound business decision yes?

[surveyor]

It would be nice if it worked out that way but usually what happens is that the manufacturing, base offices, and staff is moved out of the “high tax” areas and sent to the “lower tax” areas. Only minimal staff would be retained in the high tax areas. So their tax “footprint” would be minimized as well.

Basic economics.

Bye bye jobs! Nice to know ya.

[surveyor]

It would be nice if it worked out that way but usually what happens is that the manufacturing, base offices, and staff is moved out of the “high tax” areas and sent to the “lower tax” areas. Only minimal staff would be retained in the high tax areas. So their tax “footprint” would be minimized as well.

Basic economics.

Bye bye jobs! Nice to know ya.

[surveyor]

It would be nice if it worked out that way but usually what happens is that the manufacturing, base offices, and staff is moved out of the “high tax” areas and sent to the “lower tax” areas. Only minimal staff would be retained in the high tax areas. So their tax “footprint” would be minimized as well.

Basic economics.

Bye bye jobs! Nice to know ya.

[surveyor]

It would be nice if it worked out that way but usually what happens is that the manufacturing, base offices, and staff is moved out of the “high tax” areas and sent to the “lower tax” areas. Only minimal staff would be retained in the high tax areas. So their tax “footprint” would be minimized as well.

Basic economics.

Bye bye jobs! Nice to know ya.

[surveyor]

It would be nice if it worked out that way but usually what happens is that the manufacturing, base offices, and staff is moved out of the “high tax” areas and sent to the “lower tax” areas. Only minimal staff would be retained in the high tax areas. So their tax “footprint” would be minimized as well.

Basic economics.

Bye bye jobs! Nice to know ya.

[ucodegen]

[quote=gandalf]We could argue about tax rates…

But that isn’t the issue.

They don’t pay any tax.

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.

Again.. using a gross number, not a net.

[ucodegen]

[quote=gandalf]We could argue about tax rates…

But that isn’t the issue.

They don’t pay any tax.

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.

Again.. using a gross number, not a net.

[ucodegen]

[quote=gandalf]We could argue about tax rates…

But that isn’t the issue.

They don’t pay any tax.

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.

Again.. using a gross number, not a net.

[ucodegen]

[quote=gandalf]We could argue about tax rates…

But that isn’t the issue.

They don’t pay any tax.

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.

Again.. using a gross number, not a net.

[ucodegen]

[quote=gandalf]We could argue about tax rates…

But that isn’t the issue.

They don’t pay any tax.

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.

Again.. using a gross number, not a net.

[greekfire]

It doesn’t take a brain surgeon to realize that it’s the large corporations, coupled with the lobbyists and interest groups that they fund, who assist (bribe) the politicians in(to) writing the legislation that marginalizes those who stand in the way of their own profits. Last one to the gov’t trough is a rotten egg!

[greekfire]

It doesn’t take a brain surgeon to realize that it’s the large corporations, coupled with the lobbyists and interest groups that they fund, who assist (bribe) the politicians in(to) writing the legislation that marginalizes those who stand in the way of their own profits. Last one to the gov’t trough is a rotten egg!

[greekfire]

It doesn’t take a brain surgeon to realize that it’s the large corporations, coupled with the lobbyists and interest groups that they fund, who assist (bribe) the politicians in(to) writing the legislation that marginalizes those who stand in the way of their own profits. Last one to the gov’t trough is a rotten egg!

[greekfire]

It doesn’t take a brain surgeon to realize that it’s the large corporations, coupled with the lobbyists and interest groups that they fund, who assist (bribe) the politicians in(to) writing the legislation that marginalizes those who stand in the way of their own profits. Last one to the gov’t trough is a rotten egg!

[Author]

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