"The Basics
Most companies paid no taxes during the boom
With corporate tax receipts at 20-year low, the GAO takes a look through the books and finds 94% of all U.S. companies paid less than 5% -- and 61% paid nothing at all."
moneycentral.msn.com
You fell for a talking point. That's why I told you tax rates may be high, companies are not paying much in taxes though.
#53 | Posted by danni at 2009-10-22 02:13 PM
What talking points are you talking about? Have you ever run a business? I would assume not by your response that you have not.
I'm also not referencing the boom error before the year 2000 as your quote suggest from the link you posted. I'm referring to this year when I said that Obama is closing the loop holes for writing off taxes or shifting money to offshore and overseas accounts (which only happens in multimillion dollar businesses). This should be taking place this month or next month which you can find out by speaking with any tax auditor.
Which as I said in a previous statement, US companies will be paying one of the highest corporate taxs in the world.
People like you enjoy bashing other people who do not see your point of view and also, evidently, large corporations.
I never said I didn't companies to pay their fair share of taxes. I just don't think over 35% which is almost double than some other countries.
I also don't think that 40% of American's shouldn't pay any income tax at all.
"During 2006, Tax Foundation economists estimate that roughly 43.4 million tax returns, representing 91 million individuals, will face a zero or negative tax liability. That's out of a total of 136 million federal tax returns that will be filed. Adding to this figure the 15 million households and individuals who file no tax return at all, roughly 121 million Americansor 41 percent of the U.S. populationwill be completely outside the federal income tax system in 2006.1 This total includes those who pay no tax, and those who pay some tax upfront and are later refunded the full amount of the tax paid or more."
www.taxfoundation.org
Everyone should pay a "fair" share.
And lastly, I have a job and I can't troll these forums all day as you do, but keep up the good work.