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Reply #28: Top Corporate tax rate in the US is never paid. [View All]

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fasttense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-11-10 07:22 AM
Response to Reply #6
28. Top Corporate tax rate in the US is never paid.
On the books, the tax rate in the US looks high but it is never paid by any corporation. There are so many loopholes that just about every corporations pays a 0 to 3% tax rate. This is confirmed by the IRS tax returns and CBO numbers. Many corporations receive refunds while paying absolutely NO Taxes - talk about entitlements.

It's all smoke and mirrors. Corporations want you to think they pay their fair share of taxes, so they leave that percentage on the books while ducking all or most of the taxes through loopholes, and the Cayman Islands.
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  -Just some charts everyone needs to be familiar with. JamesA1102  Oct-10-10 11:04 AM   #0 
  - Excellent charts!  Kurt_and_Hunter   Oct-10-10 11:06 AM   #1 
  - Here are some pie charts  lunatica   Oct-10-10 11:10 AM   #2 
  - excellent as well - thanks for posting those  tomm2thumbs   Oct-11-10 04:48 AM   #23 
  - Thanks,I'll be using them elsewhere!  pnorman   Oct-10-10 11:12 AM   #3 
  - nothing on national debt?  Motown_Johnny   Oct-10-10 11:17 AM   #4 
  - There is your hockey stick graph. nt  Javaman   Oct-11-10 07:58 AM   #34 
  - A few that I use frequently  toddwv   Oct-10-10 11:30 AM   #5 
  - Sweden's Top Corporate Tax Rate is 26.3%  Yo_Mama   Oct-10-10 11:33 AM   #6 
  - But come to think of it  Yo_Mama   Oct-10-10 11:35 AM   #7 
  - both have centerright gov last i heard  billlll   Oct-10-10 11:46 AM   #8 
  - Top Corporate tax rate in the US is never paid.  fasttense   Oct-11-10 07:22 AM   #28 
  - Horseshit.  RUMMYisFROSTED   Oct-11-10 07:25 AM   #29 
  - So you are suggesting  Enthusiast   Oct-11-10 07:44 AM   #32 
  - sniff sniff. nt  Javaman   Oct-11-10 08:01 AM   #35 
  - What's your point? nm  rhett o rick   Oct-11-10 10:06 AM   #42 
  - Don't forget Nancy Pelosi's charts on Flickr  tabatha   Oct-10-10 12:08 PM   #9 
  - Those sure are being hit by RW trolls  Lorien   Oct-11-10 12:45 AM   #17 
  - Thanks for that collection! n/t  hootinholler   Oct-11-10 09:03 AM   #38 
  - the tax burden chart needs a secondary chart  left is right   Oct-10-10 12:25 PM   #10 
  - How much are Al Quada and the Taliban spending on defense?  rgbecker   Oct-10-10 08:17 PM   #11 
  - High military spending and low, regressive taxes, but many blame our problems on "others". n/t  pampango   Oct-10-10 08:32 PM   #12 
  - And thanks to the ever diminishing education standards and the propaganda fed to people in the US...  liberation   Oct-11-10 02:46 AM   #20 
  - It would be nice if the last chart went back to WWII  progressoid   Oct-10-10 08:34 PM   #13 
  - Mind-blowing, isn't it?  chill_wind   Oct-10-10 08:50 PM   #14 
  - !  Schema Thing   Oct-10-10 11:40 PM   #15 
  - K & R. While we're on charts . . .  HughBeaumont   Oct-11-10 12:03 AM   #16 
  - my favorite from the Nat'l Geographic on health care costs by country.  Hamlette   Oct-11-10 01:34 AM   #18 
  - Thank you for the income and military spending charts around the world! Useful!  earcandle   Oct-11-10 02:21 AM   #19 
  - These...  Winston Wolf   Oct-11-10 03:07 AM   #21 
  - Here;'s some more information  jeanpalmer   Oct-11-10 03:33 AM   #22 
  - Obama punts...but now he is back for more support...  wuvuj   Oct-11-10 05:45 AM   #25 
  - But our political opponents  Enthusiast   Oct-11-10 07:54 AM   #33 
  - I agree that we can cut a ton from Defense, but  NewJeffCT   Oct-11-10 09:54 AM   #41 
  - some pictures are worth WAY more than a thousand words  tomm2thumbs   Oct-11-10 04:49 AM   #24 
  - With the Military, Industrial, Media Complex  The Wizard   Oct-11-10 06:56 AM   #26 
  - K&R nt  TBF   Oct-11-10 06:57 AM   #27 
  - Oh jeez.  AllyCat   Oct-11-10 07:38 AM   #30 
  - and until it's addressed we are doomed.  YOY   Oct-11-10 07:43 AM   #31 
  - Thanks for posting  liberal N proud   Oct-11-10 08:24 AM   #36 
  - Excellent post... k/r  4_TN_TITANS   Oct-11-10 08:38 AM   #37 
  - The last chart would be even more dramatic if it went back to 1950s  bvar22   Oct-11-10 09:08 AM   #39 
  - To be fair, regarding the chart on military spending, if it were listed as expenditures  totodeinhere   Oct-11-10 09:13 AM   #40 
  - Couldn't possibly be more relevant right now. Well done.  DirkGently   Oct-11-10 10:11 AM   #43 
  - We need to cut "Entitlements" for the war mongers.  Hubert Flottz   Oct-11-10 11:11 AM   #44 

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