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(Yahoo)   Think America gives too many breaks to big business? U.S. corporations pay 39% tax while the average for industrialized nations is only 25%   ( divider line
    More: Interesting, United States, developed country, fairs, technical analysis, corporate tax, tax rates  
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1150 clicks; posted to Business » on 10 Jul 2012 at 2:54 PM (5 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

Voting Results (Smartest)
View Voting Results: Smartest and Funniest

2012-07-10 11:50:36 AM  
14 votes:
Sure. I'll be more than happy to change the statutory tax rate to 25% for American corporations.


I mean jesus...the rate may be 39%...but how many corporations pay that? How many corporations get a net gain from the government in rebates, incentives, etc?

You can have a lower rate....just expect that we'lll actually force you to farking pay it for once. See how you like them apples.
vpb [TotalFark]
2012-07-10 02:22:59 PM  
6 votes:
Actually 39% is the maximum rate. It varies from 15-39% Unless you count all the loopholes and loss caryovers and deductions and such. The effective tax rate was 12.1% in FY2011.

2/3rds of companies don't even pay tax.
2012-07-10 02:56:02 PM  
3 votes:
Please don't post a story until you're over the age of seven.
2012-07-10 03:20:45 PM  
2 votes:
Corporations pay taxes on their profit, not on their income. I *might* shed a tear if they had to pay 39% in taxes before expenses. I'd be really happy if i could deduct rent, non-recreational food, work-home transportation fees, clothing, etc, from my taxable income.
2012-07-10 03:20:09 PM  
2 votes:
I love how the article talks about getting businesses hiring again by cutting taxes.

The last two years were the most profitable net years ever for American corporations.

The tax rate has nothing to do with why they aren't hiring. America's corporations are literally doing better than they ever have. They don't want to hire, because they certainly have the capital to do it.
2012-07-10 03:02:50 PM  
2 votes:
And I cry for them every night. Poor, poor million dollar corporations. Woe, the plight of the Walmart. Woe the burden of higher profits, lower regulations, and paying a little more taxes (maybe) than in other countries. Where's their telethon, St. Jude's?
2012-07-10 03:02:22 PM  
2 votes:
U.S. corporations pay 39% tax

2012-07-10 03:02:19 PM  
2 votes:
Moron confuses tax rate with taxes paid.

US corporations pay on average the same actual amount of taxes as other countries.

Yes, we have a higher tax rate - but we offer a ton of deductions, and other means of lowering taxes.
2012-07-10 03:01:07 PM  
2 votes:
"As of April 1, the United States achieved the dubious distinction of having the highest corporate tax rate in the world," says James Pinkerton, Vice Chairman of the RATE (Reforming America's Taxes Equitably) Coalition, a bi-partisan group that is backed by 27 of the country's biggest businesses, as well as elected officials from both parties. He says that at a time of weak economic growth and hiring, "it's crazy" that U.S. companies face this hurdle alone.
But Pinkerton points out, contrary to conventional wisdom, corporate taxes account for less than 7% of total tax receipts, and that the ancillary effects of a stagnant hiring environment are far more costly.

corporations are paying way too much in taxes...and lowering them won't hurt the federal budget because corporations pay next to nothing in taxes. WHY ARE YOU LAUGHING?!?
2012-07-10 12:45:35 PM  
2 votes:
Subby, you're an idiot. Seriously, if you can't think through the article then you're foolish.
2012-07-10 12:04:01 PM  
2 votes:
That's why companies like GE paid a grand total of 0% taxes last year!
2012-07-10 06:20:29 PM  
1 vote:
They "pay" taxes.
2012-07-10 04:12:51 PM  
1 vote:
Subby just needs to choke on a bag of dicks. He's either a troll or someone too stupid to not choke on a dick.
2012-07-10 04:00:32 PM  
1 vote:
Corporations pay no taxes. The end user pays them in the final cost of the product or service.
2012-07-10 03:33:46 PM  
1 vote:
Have you gone to a convenience store lately and purchased a bottle of soda or a candy bar? Did you pay sales tax on that purchase?

Congratulations, you've paid more in taxes than General Electric did in 2010.

/if you believe corporations pay the full 39%, I've got some high-quality real estate for sale about two miles west of the Sawgrass Expressway
//$ome people are more equal than others
2012-07-10 03:13:25 PM  
1 vote:

HellRaisingHoosier: Do people believe this drivel?

Two kinds of people:

1) morons
2) paid shills

That's about it.
2012-07-10 03:09:43 PM  
1 vote:
Do people believe this drivel?
2012-07-10 02:31:04 PM  
1 vote:
2012-07-10 12:10:40 PM  
1 vote:
World's saddest song on the world's smallest violin.
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