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Response to mostlyconfused (Reply #24)

Mon Jan 7, 2013, 05:49 PM

25. Well, Google is your friend. Nonetheless,

http://seekingalpha.com/article/775821-are-corporate-profits-a-bubble-waiting-to-go-bust


will show quarterly profits at $1.671 trillion. Even 3 quarters of that is $5 trillion, so 6 for the year is no problem.


You really are young, aren't you? The taxable income they pay on is far less than their actual profits reported to stockholders, because of the games they get to play.

Here's a simple graphic that will show that corporations have paid about 10% of all federal income taxes so far this year:

http://www.usdebtclock.org/


They have actually paid about $240 billion this year in taxes - their profits are $6 trillion, maybe more, that's a net rate of 4% of real income, not the hocus-pocus of accounting for tax purposes.

You are aware that many large companies pay NO tax at all, right?

http://www.ctj.org/corporatetaxdodgers/CorporateTaxDodgersReport.pdf


And if you can't see the absurdity of claiming that $4 trillion is a larger number than $16 trillion, I cannot help you.

Now I have spent enough time on this - I can't tell if you're trolling me, attempting to aggravate me, or just like giving me a poke, but it's time for you to follow the clues about the tax system: real people pay the taxes, while artificial people get a huge walk.

See you around DU.

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golfguru Dec 2012 OP
MannyGoldstein Dec 2012 #1
JDPriestly Dec 2012 #2
golfguru Dec 2012 #5
mbperrin Dec 2012 #6
progree Dec 2012 #8
mostlyconfused Jan 2013 #15
mbperrin Jan 2013 #16
mostlyconfused Jan 2013 #17
mbperrin Jan 2013 #18
progree Jan 2013 #19
mostlyconfused Jan 2013 #20
mbperrin Jan 2013 #21
mostlyconfused Jan 2013 #22
mbperrin Jan 2013 #23
mostlyconfused Jan 2013 #24
LineLineLineLineLineLineLineLineLineLineNew Reply Well, Google is your friend. Nonetheless,
mbperrin Jan 2013 #25
mostlyconfused Jan 2013 #26
bemildred Dec 2012 #3
golfguru Dec 2012 #4
bemildred Dec 2012 #7
progree Dec 2012 #9
golfguru Dec 2012 #10
progree Dec 2012 #11
golfguru Jan 2013 #12
progree Jan 2013 #14
bemildred Jan 2013 #13
FlyDaddy145 Jan 2013 #27
sendero Feb 2013 #28
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