Home › Forums › Financial Markets/Economics › Businesses Taxed Too Much? Not Really…
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ucodegen.
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February 21, 2011 at 9:43 PM #670514February 21, 2011 at 10:03 PM #669367
surveyor
ParticipantIt 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.
February 21, 2011 at 10:03 PM #669429surveyor
ParticipantIt 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.
February 21, 2011 at 10:03 PM #670036surveyor
ParticipantIt 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.
February 21, 2011 at 10:03 PM #670175surveyor
ParticipantIt 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.
February 21, 2011 at 10:03 PM #670519surveyor
ParticipantIt 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.
February 21, 2011 at 11:15 PM #669382ucodegen
Participant[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.
February 21, 2011 at 11:15 PM #669444ucodegen
Participant[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.
February 21, 2011 at 11:15 PM #670051ucodegen
Participant[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.
February 21, 2011 at 11:15 PM #670190ucodegen
Participant[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.
February 21, 2011 at 11:15 PM #670534ucodegen
Participant[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.
February 21, 2011 at 11:26 PM #669387greekfire
ParticipantIt 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!
February 21, 2011 at 11:26 PM #669449greekfire
ParticipantIt 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!
February 21, 2011 at 11:26 PM #670056greekfire
ParticipantIt 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!
February 21, 2011 at 11:26 PM #670195greekfire
ParticipantIt 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!
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