The dirty little secret everyone knows about: corporations don't pay much in taxes

[c1ue]

http://www.sfgate.com/cgi-bin/articl...MNC4129OFL.DTL

About two-thirds of U.S. companies and foreign firms doing business in this country paid no federal income taxes from 1998 to 2005, according to a study by the Government Accountability Office. Sen. Byron Dorgan, D-N.D., called the report "a shocking indictment of the current tax system."

But the report said that about a quarter of large corporations - ones that had more than $250 million in assets or $50 million in gross receipts - paid no taxes. In 2005, for instance, 3,565 large U.S. companies and 998 large foreign-owned companies operating here did not pay any income taxes.

[Guest]

Re: The dirty little secret everyone knows about: corporations don't pay much in taxes

Wrong. Corporations pay NO taxes.

Individuals pay taxes. Taxes collected and forwarded to the IRS by a corporation merely reduce dividends and capital appreciation of their shareholders, who are ultimately individuals.

Corporations can own stock in other corporations, but even then, taxes paid by the first reduce the second's earnings, which reduces the dividends and capital appreciation of the shareholders of the second corporation.

Your leftist buddies shrillly complaining about corporate taxes have sold you a bill of goods. You cannot tax a non-entity. It's like trying to tax a brick.

If corporations are such a great way to earn tax free income, then go buy some and quit complaining.

last

[Guest]

Re: The dirty little secret everyone knows about: corporations don't pay much in taxes

Wrong. Corporations pay NO taxes.

Individuals pay taxes. Taxes collected and forwarded to the IRS by a corporation merely reduce dividends and capital appreciation of their shareholders, who are ultimately individuals.

Corporations can own stock in other corporations, but even then, taxes paid by the first reduce the second's earnings, which reduces the dividends and capital appreciation of the shareholders of the second corporation.

Your leftist buddies shrillly complaining about corporate taxes have sold you a bill of goods. You cannot tax a non-entity. It's like trying to tax a brick.

If corporations are such a great way to earn tax free income, then go buy some and quit complaining.

last I

[Guest]

Re: The dirty little secret everyone knows about: corporations don't pay much in taxes

Wrong. Corporations pay NO taxes.

Individuals pay taxes. Taxes collected and forwarded to the IRS by a corporation merely reduce dividends and capital appreciation of their shareholders, who are ultimately individuals.

Corporations can own stock in other corporations, but even then, taxes paid by the first reduce the second's earnings, which reduces the dividends and capital appreciation of the shareholders of the second corporation.

Your leftist buddies shrillly complaining about corporate taxes have sold you a bill of goods. You cannot tax a non-entity. It's like trying to tax a brick.

If corporations are such a great way to earn tax free income, then go buy some and quit complaining.

last I heard,

[Guest]

Re: The dirty little secret everyone knows about: corporations don't pay much in taxes

Wrong. Corporations pay NO taxes.

Individuals pay taxes. Taxes collected and forwarded to the IRS by a corporation merely reduce dividends and capital appreciation of their shareholders, who are ultimately individuals.

Corporations can own stock in other corporations, but even then, taxes paid by the first reduce the second's earnings, which reduces the dividends and capital appreciation of the shareholders of the second corporation.

Your leftist buddies shrillly complaining about corporate taxes have sold you a bill of goods. You cannot tax a non-entity. It's like trying to tax a brick.

If corporations are such a great way to earn tax free income, then go buy some and quit complaining.

last I heard, Exxon

[Guest]

Re: The dirty little secret everyone knows about: corporations don't pay much in taxes

Wrong. Corporations pay NO taxes.

Individuals pay taxes. Taxes collected and forwarded to the IRS by a corporation merely reduce dividends and capital appreciation of their shareholders, who are ultimately individuals.

Corporations can own stock in other corporations, but even then, taxes paid by the first reduce the second's earnings, which reduces the dividends and capital appreciation of the shareholders of the second corporation.

Your leftist buddies shrillly complaining about corporate taxes have sold you a bill of goods. You cannot tax a non-entity. It's like trying to tax a brick.

If corporations are such a great way to earn tax free income, then go buy some and quit complaining.

last I heard, Exxon Mobil

[Guest]

Re: The dirty little secret everyone knows about: corporations don't pay much in taxes

Wrong. Corporations pay NO taxes.

Individuals pay taxes. Taxes collected and forwarded to the IRS by a corporation merely reduce dividends and capital appreciation of their shareholders, who are ultimately individuals.

Corporations can own stock in other corporations, but even then, taxes paid by the first reduce the second's earnings, which reduces the dividends and capital appreciation of the shareholders of the second corporation.

Your leftist buddies shrillly complaining about corporate taxes have sold you a bill of goods. You cannot tax a non-entity. It's like trying to tax a brick.

If corporations are such a great way to earn tax free income, then go buy some and quit complaining.

last I heard, Exxon Mobil paid

[Guest]

Re: The dirty little secret everyone knows about: corporations don't pay much in taxes

Wrong. Corporations pay NO taxes.

Individuals pay taxes. Taxes collected and forwarded to the IRS by a corporation merely reduce dividends and capital appreciation of their shareholders, who are ultimately individuals.

Corporations can own stock in other corporations, but even then, taxes paid by the first reduce the second's earnings, which reduces the dividends and capital appreciation of the shareholders of the second corporation.

Your leftist buddies shrillly complaining about corporate taxes have sold you a bill of goods. You cannot tax a non-entity. It's like trying to tax a brick.

If corporations are such a great way to earn tax free income, then go buy some and quit complaining.

last I heard, Exxon Mobil paid more

[Guest]

Re: The dirty little secret everyone knows about: corporations don't pay much in taxes

Wrong. Corporations pay NO taxes.

Individuals pay taxes. Taxes collected and forwarded to the IRS by a corporation merely reduce dividends and capital appreciation of their shareholders, who are ultimately individuals.

Corporations can own stock in other corporations, but even then, taxes paid by the first reduce the second's earnings, which reduces the dividends and capital appreciation of the shareholders of the second corporation.

Your leftist buddies shrillly complaining about corporate taxes have sold you a bill of goods. You cannot tax a non-entity. It's like trying to tax a brick.

If corporations are such a great way to earn tax free income, then go buy some and quit complaining.

last I heard, Exxon Mobil paid more in

[Guest]

Re: The dirty little secret everyone knows about: corporations don't pay much in taxes

Wrong. Corporations pay NO taxes.

Individuals pay taxes. Taxes collected and forwarded to the IRS by a corporation merely reduce dividends and capital appreciation of their shareholders, who are ultimately individuals.

Corporations can own stock in other corporations, but even then, taxes paid by the first reduce the second's earnings, which reduces the dividends and capital appreciation of the shareholders of the second corporation.

Your leftist buddies shrillly complaining about corporate taxes have sold you a bill of goods. You cannot tax a non-entity. It's like trying to tax a brick.

If corporations are such a great way to earn tax free income, then go buy some and quit complaining.

last I heard, Exxon Mobil paid more in US

[Guest]

Re: The dirty little secret everyone knows about: corporations don't pay much in taxes

Wrong. Corporations pay NO taxes.

Individuals pay taxes. Taxes collected and forwarded to the IRS by a corporation merely reduce dividends and capital appreciation of their shareholders, who are ultimately individuals.

Corporations can own stock in other corporations, but even then, taxes paid by the first reduce the second's earnings, which reduces the dividends and capital appreciation of the shareholders of the second corporation.

Your leftist buddies shrillly complaining about corporate taxes have sold you a bill of goods. You cannot tax a non-entity. It's like trying to tax a brick.

If corporations are such a great way to earn tax free income, then go buy some and quit complaining.

last I heard, Exxon Mobil paid more in US taxes

[Guest]

Re: The dirty little secret everyone knows about: corporations don't pay much in taxes

Wrong. Corporations pay NO taxes.

Individuals pay taxes. Taxes collected and forwarded to the IRS by a corporation merely reduce dividends and capital appreciation of their shareholders, who are ultimately individuals.

Corporations can own stock in other corporations, but even then, taxes paid by the first reduce the second's earnings, which reduces the dividends and capital appreciation of the shareholders of the second corporation.

Your leftist buddies shrillly complaining about corporate taxes have sold you a bill of goods. You cannot tax a non-entity. It's like trying to tax a brick.

If corporations are such a great way to earn tax free income, then go buy some and quit complaining.

last I heard, Exxon Mobil paid more in US taxes than

[Guest]

Re: The dirty little secret everyone knows about: corporations don't pay much in taxes

Wrong. Corporations pay NO taxes.

Individuals pay taxes. Taxes collected and forwarded to the IRS by a corporation merely reduce dividends and capital appreciation of their shareholders, who are ultimately individuals.

Corporations can own stock in other corporations, but even then, taxes paid by the first reduce the second's earnings, which reduces the dividends and capital appreciation of the shareholders of the second corporation.

Your leftist buddies shrillly complaining about corporate taxes have sold you a bill of goods. You cannot tax a non-entity. It's like trying to tax a brick.

If corporations are such a great way to earn tax free income, then go buy some and quit complaining.

last I heard, Exxon Mobil paid more in US taxes than they

[Guest]

Re: The dirty little secret everyone knows about: corporations don't pay much in taxes

Wrong. Corporations pay NO taxes.

Individuals pay taxes. Taxes collected and forwarded to the IRS by a corporation merely reduce dividends and capital appreciation of their shareholders, who are ultimately individuals.

Corporations can own stock in other corporations, but even then, taxes paid by the first reduce the second's earnings, which reduces the dividends and capital appreciation of the shareholders of the second corporation.

Your leftist buddies shrillly complaining about corporate taxes have sold you a bill of goods. You cannot tax a non-entity. It's like trying to tax a brick.

If corporations are such a great way to earn tax free income, then go buy some and quit complaining.

last I heard, Exxon Mobil paid more in US taxes than they earned

[Guest]

Re: The dirty little secret everyone knows about: corporations don't pay much in taxes

Wrong. Corporations pay NO taxes.

Individuals pay taxes. Taxes collected and forwarded to the IRS by a corporation merely reduce dividends and capital appreciation of their shareholders, who are ultimately individuals.

Corporations can own stock in other corporations, but even then, taxes paid by the first reduce the second's earnings, which reduces the dividends and capital appreciation of the shareholders of the second corporation.

Your leftist buddies shrillly complaining about corporate taxes have sold you a bill of goods. You cannot tax a non-entity. It's like trying to tax a brick.

If corporations are such a great way to earn tax free income, then go buy some and quit complaining.

last I heard, Exxon Mobil paid more in US taxes than they earned in