What happens when Governments raise taxes on big Corporations?
We know many people love to see Corporations pay higher taxes, but do those
same people see any benefit from it?
same people see any benefit from it?
61-69, M
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Picklebobble2 路 56-60, M
There's no reason why the big corporations shouldn't pay their way.
There are always loopholes created by any government to ensure companies can siphon off huge sums under several headings.
R&D; Charity (i always laugh when I hear they have their own foundations 馃榿)
Insurance investments etc.
What should concern people more is the concentration of economic; political and social power to maybe 5 - 10 major corporations worldwide.
More than half those concentrating social sites and media outlets in America.
That means (if you're a subscriber) the only 'truth' out there is what [i]they[/i] decide to show you.
There are always loopholes created by any government to ensure companies can siphon off huge sums under several headings.
R&D; Charity (i always laugh when I hear they have their own foundations 馃榿)
Insurance investments etc.
What should concern people more is the concentration of economic; political and social power to maybe 5 - 10 major corporations worldwide.
More than half those concentrating social sites and media outlets in America.
That means (if you're a subscriber) the only 'truth' out there is what [i]they[/i] decide to show you.
Heartlander 路 80-89, M
@Picklebobble2 stockholders of corporations pay more than their way. Stockholder dividends are paid AFTER corporate taxes are paid. Then when stockholders receive their share of the profit in dividend, that dividend is AGAIN taxed as income. So a one dollar corporate profit can have 80 cents snipped off in taxes leaving but 20 cents of spendable money for the person whose investment created the one dollar profit. Those investors are ordinary people, me and maybe you, pension funds, IRAs, people investing in the US economy, and the big mouths in Washington claiming that 80% isn鈥檛 enough? To further insult and piss on the American people, if that stockholder is elderly, they use that already overtaxed dividend as an excuse to tax his/her social security benefits.
Picklebobble2 路 56-60, M
@Heartlander but the song remains the same.
Governments create the loopholes that enable companies to 'diverse' and divert their profits in any number of creative ways.
And as it says everytime "The value of your investment may go down as well as up.
That's why you have independent financial advisors who recommend you have a range of investments and change them regularly if they don't perform
Governments create the loopholes that enable companies to 'diverse' and divert their profits in any number of creative ways.
And as it says everytime "The value of your investment may go down as well as up.
That's why you have independent financial advisors who recommend you have a range of investments and change them regularly if they don't perform
Heartlander 路 80-89, M
@Picklebobble2 Yes .... but regardless of how wisely one can evade the government clutches, if they are both old and so wise as to earn an abundance of money, they may see as much as 85% of their social security benefits exposed to federal income taxes and likely state income taxes. For an old person earning too much money, their next dollar earned would effectively be taxed at near 100% if self employment tax is part of the mix they could top 100%
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Reason10 路 61-69, M
@Picklebobble2 [quote]There's no reason why the big corporations shouldn't pay their way.[/quote]
Big corporations DO pay their way. They pay income taxes, sales taxes, state taxes, etc. And when they create JOBS in America, they help other folks pay their.
It is left wing welfare cheats who do not pay their way.
Big corporations DO pay their way. They pay income taxes, sales taxes, state taxes, etc. And when they create JOBS in America, they help other folks pay their.
It is left wing welfare cheats who do not pay their way.
Picklebobble2 路 56-60, M
@Reason10 ....and for every tax levied at business there's always a 'get out' clause !
Create an offshore tax haven
Create a 'foundation' which is often a 'charitable institution' thus tax exempt.
That particular one is currently under investigation in the UK because it's thought companies launder money through them specifically to avoid paying taxes
Create an offshore tax haven
Create a 'foundation' which is often a 'charitable institution' thus tax exempt.
That particular one is currently under investigation in the UK because it's thought companies launder money through them specifically to avoid paying taxes
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