Tue Jan 24, 2012, 07:48 PM

Yes, ladies and gents, that 35% corporate tax comes out of your money as well.

Last edited Tue Jan 24, 2012, 07:48 PM USA/ET - Edit history (2)

You may be hearing people say that it's OK for Mittens to pay less than 15% tax, because the company the money comes from pays corporate taxes at 35%.

Um, yeah, what are you the people not paid by the same company? So is this not true for you as well?

Oh yeah.

RW BS TP brought on by reality.

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4 replies	Author	Time	Post
Yes, ladies and gents, that 35% corporate tax comes out of your money as well. (Original post)	originalpckelly	Jan 2012	OP
well said my friend	mdmc	Jan 2012	#1
Also, large corporations are paying around 14%.	mmonk	Jan 2012	#2
That's a half truth.	dipsydoodle	Jan 2012	#3
Romney didn't get his money from corporate profits.	lumberjack_jeff	Jan 2012	#4

Response to originalpckelly (Original post)

Tue Jan 24, 2012, 07:51 PM

mdmc (28,872 posts)

1. well said my friend

I don't hold Mitt's cash against him myself..

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Response to originalpckelly (Original post)

Tue Jan 24, 2012, 07:57 PM

mmonk (47,326 posts)

2. Also, large corporations are paying around 14%.

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Response to originalpckelly (Original post)

Tue Jan 24, 2012, 07:59 PM

dipsydoodle (33,158 posts)

3. That's a half truth.

Its only dividend payments that has any bearing on. If a shareholders were taxed in full on dividends they'd have been taxed twice.

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Response to originalpckelly (Original post)

Tue Jan 24, 2012, 08:33 PM

lumberjack_jeff (24,725 posts)

4. Romney didn't get his money from corporate profits.

Bain would buy a company with a very small amount down and bank financing of the rest using the paper value of the company as collateral. They would then sell off assets and pump the stock value then dump it (along with the loan they took out to buy it in the first place) onto another investor.

They profited from cannibalizing manufacturing companies and using the cash to buy retail companies.

His money comes from inflated stock value, not dividends.

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