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http://finance.yahoo.com/news/the-insane-u-s--corporate-tax-system-145353359.html
"Merck, the second largest pharmaceutical company in the U.S., actually had a negative effective tax rate of 7.5% during the second quarter, which means it got a tax credit. Eight of the 20 companies were in real estate or real estate-related businesses."
Looks like the "job creator's" are overtaxed.
http://finance.yahoo.com/news/the-insane-u-s--corporate-tax-system-145353359.html
"Merck, the second largest pharmaceutical company in the U.S., actually had a negative effective tax rate of 7.5% during the second quarter, which means it got a tax credit. Eight of the 20 companies were in real estate or real estate-related businesses."
Looks like the "job creator's" are overtaxed.
There's no question that the U.S. corporate tax system is broken, as many CEOs would argue.
There's no question that the U.S. corporate tax system is broken, as many CEOs would argue. The problem, however, is not only that corporate tax rates are too high -- at 35% they are the highest in the world.
http://finance.yahoo.com/news/the-insane-u-s--corporate-tax-system-145353359.html
The effective corporate tax rate isn't the highest in the world.
Oh I'm sure they would. Most still, somehow, feel like the tax system isn't already slanted far enough in their favor. :shrug:
There's no question that the U.S. corporate tax system is broken, as many CEOs would argue. The problem, however, is not only that corporate tax rates are too high -- at 35% they are the highest in the world.
http://finance.yahoo.com/news/the-insane-u-s--corporate-tax-system-145353359.html
The effective corporate tax rate isn't the highest in the world.
WASHINGTON—U.S. companies are booking higher profits than ever. But the number crunchers in Washington are puzzling over a phenomenon that has just come into view: Corporate tax receipts as a share of profits are at their lowest level in at least 40 years.
Total corporate federal taxes paid fell to 12.1% of profits earned from activities within the U.S. in fiscal 2011, which ended Sept. 30, according to the Congressional Budget Office. That's the lowest level since at least 1972. And well below the 25.6% companies paid on average from 1987 to 2008.
There's no question that the U.S. corporate tax system is broken, as many CEOs would argue. The problem, however, is not only that corporate tax rates are too high -- at 35% they are the highest in the world.
http://finance.yahoo.com/news/the-insane-u-s--corporate-tax-system-145353359.html
Only the successful medium to large domestic businesses actually deal with the 35% rate.....
The effective corporate tax rate isn't the highest in the world.
http://finance.yahoo.com/news/the-insane-u-s--corporate-tax-system-145353359.html
"Merck, the second largest pharmaceutical company in the U.S., actually had a negative effective tax rate of 7.5% during the second quarter, which means it got a tax credit. Eight of the 20 companies were in real estate or real estate-related businesses."
Looks like the "job creator's" are overtaxed.
There's no question that the U.S. corporate tax system is broken, as many CEOs would argue. The problem, however, is not only that corporate tax rates are too high -- at 35% they are the highest in the world.
http://finance.yahoo.com/news/the-insane-u-s--corporate-tax-system-145353359.html
Good for them.http://finance.yahoo.com/news/the-insane-u-s--corporate-tax-system-145353359.html
"Merck, the second largest pharmaceutical company in the U.S., actually had a negative effective tax rate of 7.5% during the second quarter, which means it got a tax credit. Eight of the 20 companies were in real estate or real estate-related businesses."
Looks like the "job creator's" are overtaxed.
http://finance.yahoo.com/news/the-insane-u-s--corporate-tax-system-145353359.html
"Merck, the second largest pharmaceutical company in the U.S., actually had a negative effective tax rate of 7.5% during the second quarter, which means it got a tax credit. Eight of the 20 companies were in real estate or real estate-related businesses."
Looks like the "job creator's" are overtaxed.
So everyone who thinks deductions should be eliminated and the corporations need to pay the statutory rate needs to talk to his/her Congressional rep and get the laws changed.
http://finance.yahoo.com/news/the-insane-u-s--corporate-tax-system-145353359.html
"Merck, the second largest pharmaceutical company in the U.S., actually had a negative effective tax rate of 7.5% during the second quarter, which means it got a tax credit. Eight of the 20 companies were in real estate or real estate-related businesses."
Looks like the "job creator's" are overtaxed.
Still not aware of the difference between statutory and effective eh? Very few corporations actually pay the statutory rate. With the literal mountain of paper of deductions and deferrals, they pay far less than 35%. Helps to actually know about taxes before talking about them.
All very nice. While I do agree with you that the highest corporate rate is too high, the multinationals do not pay it as they can offshore their profits; and closely-held businesses to not pay it as they set their structures up to pass the incidence of tax to shareholders. Only the successful medium to large domestic businesses actually deal with the 35% rate.....
The 35% rate is not really a problem to most businesses, but it is a problem to some. They should lower rates and tighten transfer pricing rules and the system would be more equitable for all. Given that the average effective corporate tax rate is closer to 20%, the 35% tax bracket is somewhat moot. The system, as it is, however, isn't equitable and that is a problem.
It also isn't equitable to the US government and other taxpayers as corporations as a whole are paying less and less taxes over the years.
View attachment 67171347
Lower the rates and cut out the loopholes to make corporations pay their fair share.
The effective corporate tax rate isn't the highest in the world.
At 35% yes, they are the highest in the world, and the government and the corporations want it that way.
Corps scream lower our tax rate, and the crowds cheer. They don't want a lower tax rate, are you kidding me? It's that high tax rate which ensures the big boys on the block stay the big boys on the block by being the only ones who can afford to pay a team of accountants and lawyers to see that they don't pay 35%. This is obviously cheaper than the cost of doing business in an economy where regulations are loosened and competition can grow. A high tax rate at base, and regulations are what keeps the big boys in business and able to work with relative impunity. Smaller businesses can't meet the criteria which allows them to jump through those specially crafted loopholes which the big boys can.
All the while as they're raking in trillions they get to put themselves on that cross and pretend they're martyrs to an over spending, over taxing, over regulating government. Never mind that it is there god damn dollars who seat those Congressmen and Senators.. Never mind that it is their money they throw at lobbyists to see that whatever legislation is on the table has their fingerprints all over it and benefits them the greatest. Never mind that it's that 35% tax rate which give reasonable justification to low information voters to move their manufacturing overseas at such a profit that the tax rate could be 70% and they'd still be in the black quite nicely under any normal circumstance.
47% of Federal Revenue comes from Income tax while 10% comes from Corporate taxation and I'm suppose to give a rat's ass about a 35% tax rate?
Policy Basics: Where Do Federal Tax Revenues Come From? — Center on Budget and Policy Priorities
C'mon man, that's the tired BS that made leave the GOP back in 08...
You don't have to give a rat's ass about anything, and that would mean you don't give a rat's ass when a company leaves the US to acquire a lower tax base. But if you did give a rat's ass about them leaving then you might want to reform the corporate tax code so that don't want to leave. Just saying
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