And this is different from other large corporations how?
I'm addressing tax dodging, which is what this topic is about.FedEx is an especially bad offender. They should be called-out for not playing by the rules. Fred pretty much makes-up his own rules with cash. Is that the way our system is supposed to run?
I'm addressing tax dodging, which is what this topic is about.
Microsoft got amnesty for $1.25 Billion in unpaid taxes, interest and penalty charges and they pay taxes in the 7% range.
Walmart uses tax avoiding techniques to avoid paying State and Local taxes to the tune of $400 Million/year.
Apple, GE, Exxon, BOA, Citigroup, Carnival Cruise Lines and Boeing are others that have paid little (<5%) or NO taxes for years.
Agreed. I'll bet the guys/girls in the mail-rooms of those companies making half what we make would appreciate that. But, it wouldn't change anything until the laws are changed allowing them to use those loopholes.OK, so they are wrong too, and big-time tax dodgers, just like FedEx. They all need to be called-out.
You tend to speak the language of the Right pretty well and this is a good case. Care to explain? I think I know what you are going to say but I don't think you are following your logic far enough to get a fair understanding.Corporations don't actually pay taxes. They pass that and other expenses to their customers.
You tend to speak the language of the Right pretty well and this is a good case. Care to explain? I think I know what you are going to say but I don't think you are following your logic far enough to get a fair understanding.
Ok. So then the if taxes are increased on corporations, naturally they raise their prices. But they can only raise their prices as to what the market will allow. Now if the tax rate were to go up, corporations can do one of two things: raise prices, or pay it out of profits. What group in the U.S. has been booming? Corporate America. And marketing is smart in America. Corporations are smart in America and they have leverage. A 3% tax increase can be spread out over many areas. Part can be passed on to the consumer, but it can also be offset by the corporation shopping around to become more efficient with shipping and their own suppliers. And if one company decides to put it all on the consumer, the competition will be able to undercut their price. Simply put, it's too simple to say that it is passed onto the consumer and you go to get the money where the money is.Not sure what you are expecting. Corporations do file their taxes and try to minimize the amount they officially have to pay. But generally they've factored that expense into what they already charge their customers, just like they do for supplies, equipment, etc. In a very competitive environment they can't charge their customers too much so if the government raises taxes it hits their bottom line. Depends on how profitable the industry they're in is as to how hard
the taxes hit. Grocery chains tend to have very small profit margins, like 2%. Oil companies run at about 9% to 10%(and a big chunk of what we pay at the pump is tax). Google had a 28% tax margin last year. Wall Street firms tend to have high margins. Ever wonder why Wall Street is so generous to Democrats when they're in power? Trying to keep the tax man away. When I hear Republicans blame moving factories overseas on high taxes I believe they're being disingenuous. They moved them for higher profits. The taxes they pay here don't keep them from making a profit. They just want more, and don't care what it does to the rest of us.
Ok. So then the if taxes are increased on corporations, naturally they raise their prices. But they can only raise their prices as to what the market will allow. Now if the tax rate were to go up, corporations can do one of two things: raise prices, or pay it out of profits. What group in the U.S. has been booming? Corporate America. And marketing is smart in America. Corporations are smart in America and they have leverage. A 3% tax increase can be spread out over many areas. Part can be passed on to the consumer, but it can also be offset by the corporation shopping around to become more efficient with shipping and their own suppliers. And if one company decides to put it all on the consumer, the competition will be able to undercut their price. Simply put, it's too simple to say that it is passed onto the consumer and you go to get the money where the money is.
Ok. So then the if taxes are increased on corporations, naturally they raise their prices. But they can only raise their prices as to what the market will allow. Now if the tax rate were to go up, corporations can do one of two things: raise prices, or pay it out of profits. What group in the U.S. has been booming? Corporate America. And marketing is smart in America. Corporations are smart in America and they have leverage. A 3% tax increase can be spread out over many areas. Part can be passed on to the consumer, but it can also be offset by the corporation shopping around to become more efficient with shipping and their own suppliers. And if one company decides to put it all on the consumer, the competition will be able to undercut their price. Simply put, it's too simple to say that it is passed onto the consumer and you go to get the money where the money is.
They can do more than raise prices or pay it out of profits. They can also forgo future capital investments, employee benefits, new hires, pay raises, and so forth. It's usually some combination of any of those. The bottom line is that the money comes out of the pockets of individuals. It comes out of the respective pockets of:....People who scream about how much (or little, I guess) corporations pay in taxes absolutely ASTOUND me. First off is that they never realize that in the end, it's going to be someone like them who pays whatever stupid increase they wish to see enforced. Then there's the sheer hypocrisy and ignorance of what they're complaining about. A company organizes its activities to reduce its tax liability as much as possible while still remaining in compliance with the tax code. Can you name any people who don't do the same thing? Do you know of anyone who says, "I never take all of the deductions to which I'm entitled"?
Let's break it down simple. We aren't over taxed. If we want the military, social and infra structure we have, we have to pay for it. If we run deficits, that means we are choosing not to pay for it. If we choose to pay for it, then which part of "we" is sitting on the cash?
Let's break it down simple. We aren't over taxed. If we want the military, social and infra structure we have, we have to pay for it. If we run deficits, that means we are choosing not to pay for it. If we choose to pay for it, then which part of "we" is sitting on the cash?