Study says most corporations pay no U.S. income taxes

[ratm1221]

If you are so against corporations, it's rather simple. Don't buy ANYTHING!!! Get rid of the computer you are typing on and the car that you drive to work.

The funny thing is that most of the people who about the corporations that ship jobs overseas are the same people who aren't willing to pay 30% more for something made entirely in the US (if there is such a thing anymore).

Nothing is made in the USA anymore. Even the stuff made in the USA isn't made in the USA. And your argument is ridiculous.

Haha, I love your rationale.. "DON'T BUY ANYTHING"

[fyatuk]

Which corporation do you work for? I'm sure they are glad to see that you are on their side. Corporations don't give a about the working people, and the working people could give a about corporations. It's just that simple. All we are is walking cash cows. They want your money, but they don't want to give anything back. But what happens when we run out of money?... hmm... interesting....

Actually, I currently work for a US based division of a Spanish corp, not that that's relevant to anything.

BTW, where are we restricting "corps"? Are we including LLCs and other small corps that people use as liability shelters? I know 3 people who technically run corps but in reality, it's just them and a couple employees. Is there an employee minimum or revenue minimum limited to your ing or do you just complain about incorporation in general.

And I'm hardly on the corps side. I'd love to see the loopholes for not repatriating funds close and better restrictions on expenses, etc. I also think payroll taxes shouldn't be capped to punish corps who hire CEOs that make as much as all their workers combined. I'd love it if we could ins ute rules declaring a certain percentage of revenue towards payroll for non-management, non-executive employees, but that won't happen in the US. Mostly, I think the incorporation laws in the US BLOW and need a major overhaul.

I was clarifying what the other poster was saying and including a joke ing about expense regulations allowing major flexibility in reported gains. Take that what you will.

[fyatuk]

Nothing is made in the USA anymore. Even the stuff made in the USA isn't made in the USA. And your argument is ridiculous.

Haha, I love your rationale.. "DON'T BUY ANYTHING"

Well, very very little is made completely within the US, and just about everything involves corporations of some size or another, so you have a good point there.

To avoid corps you'd have to move out to the country, grow your own food, and not use utility companies to get electricity or water (actually, you'd have to go without electricity and use a hand well for water). Completely unrealistic expectation.

[ElNono]

Couldn't have said it better myself...

There is a big difference between gross receipts (sales) and income. Many companies can operate at a net loss in a given year. So these companies should pay taxes when they didn't make any money for that year?

You mean all that non-existent money that they shipped overseas to a country that doesn't have the company tax rates that the US have?

Don't be disingenuous. Now you're going to tell me that corporations go to Delaware because they don't make money?
Please, go tell fairy tales to kids.