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While the U.S. economy staggers through one of its slowest recoveries since the Great Depression, American companies are poised to report strong earnings for the second quarter—exposing a dichotomy between corporate performance and the overall health of the economy.
Profits Thrive in Weak Recovery - WSJ.com
So tax cuts on corporations are the answer right? Obviously if we give corporations less of a tax burden, they will have even more enormous profits, so they can hire more workers, right? Yeah, no.
Profits Thrive in Weak Recovery - WSJ.com
So tax cuts on corporations are the answer right? Obviously if we give corporations less of a tax burden, they will have even more enormous profits, so they can hire more workers, right? Yeah, no.
Profits are up because they have cut their workforces... that profits then will go down because no one has work to buy their products is another matter for later on
Those damned dirty corporations should be punished for being successful!
Wait a minute. A business needs to have customers with money to sell things to!?
Straw man. Nobody suggested that.
Geez... Another class warfare thread.
Profits Thrive in Weak Recovery - WSJ.com
So tax cuts on corporations are the answer right? Obviously if we give corporations less of a tax burden, they will have even more enormous profits, so they can hire more workers, right? Yeah, no.
I suspect the OP is saying that profits have gone up, but the trickle isn't coming down. I also suspect that the OP is trying to suggest that allowing these businesses to have their taxes lowered is not actually as helpful to the country as it is portrayed in the popular mainstream media promoting the tax breaks.
Profits Thrive in Weak Recovery - WSJ.com
So tax cuts on corporations are the answer right? Obviously if we give corporations less of a tax burden, they will have even more enormous profits, so they can hire more workers, right? Yeah, no.
Next step is to stop being political with the debt ceiling and budget cuts, so the rest of the recovery can get underway.
No one wants to hire with all the uncertainty.
Excellent point
I think people would be willing to hire in the face of uncertainty if they thought they could make more money in the mean time.Next step is to stop being political with the debt ceiling and budget cuts, so the rest of the recovery can get underway.
No one wants to hire with all the uncertainty.
Hogwash. If they could make more money at the moment, they would do so.My guess is that most companies are hedging and saving the excess cash, because of the uncertainty.
I understand ..... but far to many times .. an op like that just turns into a business bashing post .. and as I see it that accomplishes little .. -chuckles- that has been proven already in our government .. all democrats want to do is tax them more .. .all republicans want to do is reduce their taxes .... and neither side has sat down with business and discussed what needs to be done to get them to begin hiring and expanding .
I know my opiinions mean little or nothing, but I was for letting all the tax cuts expire, I don't think it would have influenced business one way or the other. Admittedly as a conservative there are parts of that tax expiring that I would have hated .. one is the death tax ... IMO .. that is double taxation because you paid for those things you pass to your children with after tax dollars .. I see no reason to be taxing it again ... but I would rather have seen something permanent ... we can always go back and revisit things like that in better times ..
As I said .. it's in a way a chain .. . you can't remove the link of business, any more then you can remove the middle class .. one promotes the other ..
My guess is that most companies are hedging and saving the excess cash, because of the uncertainty.
Profits Thrive in Weak Recovery - WSJ.com
So tax cuts on corporations are the answer right? Obviously if we give corporations less of a tax burden, they will have even more enormous profits, so they can hire more workers, right? Yeah, no.
You know I get doubled taxed every day
I pay income taxes on my income, I then have to pay taxes on that taxed income for sales taxes, gas taxes, property taxes. All are being paid for from my income which has been taxed already.
Then as you collect SS which was taxed from your income, you get taxed on the SS you receive as well
There is a problem with many of these articles. Many times they will interchange "income" and "profits". Many companies have raised their prices because of inflation. They have increased the money they bring in. That doesn't always equate with an equal profit.
Also we need a breakdown on the businesses profiting. Investment banks and the similiar are doing very, very well because we as taxpayers are filing their coffers.
Oh I know .. the death tax just happens to be a pet peeve of mine … we need a complete over haul of our tax codes .. there is something like 6,000 pages to it .. I can't remember the amount Americans spend on having their taxes done each year .. but I do remember it's a ton of money
It's just one of the reasons that for many years now .. I've been in favor of some sort of flat tax … no filing at the end of the year .. . no need for the IRS .. pay it .. and be done with it .
Income generally means profit when talking about companies
The amount of money they bring in is called revenues, which is definately not equated with profit. Companiews are not generally taxed on revenues, but on profit or "corporate income"
I've read many articles that will have the headlines "Companies incomes increase despite recession". When you read the articles they are only noting the revenues.
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