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(NewsVideoClip)   Sixty wealthy corporations don't have to pay taxes under Trump-GOP tax plan   (newsvideoclip.tv) divider line
    More: Asinine, Income tax, Tax, Taxation, Economic Policy, Corporate tax, Tax refund, Tax Cuts, federal income taxes  
•       •       •

1130 clicks; posted to Politics » on 15 Apr 2019 at 3:42 PM (4 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



43 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
4 days ago  
I wonder how many of those also make the list of the 70 corporations contributing the majority of climate change causing pollution.
 
4 days ago  
Imagine my surprise.

/Try, anyway.
 
4 days ago  
img.fark.netView Full Size
 
4 days ago  
This is by design. They can use that savings to get more Republicans elected.
 
4 days ago  
They were doing it before the new law... this article is misleading
 
4 days ago  
I can't help but wonder if this is connected in some way to all the campaign donations he has received recently
 
4 days ago  
This house of cards has fallen before, and it'll fall again.
 
4 days ago  

dwrash: They were doing it before the new law... this article is misleading


The article clearly states twice as many corporations paid no taxes. Has it occurred to you that you may not be as smart as you think you are?
 
4 days ago  

dildo tontine: dwrash: They were doing it before the new law... this article is misleading

The article clearly states twice as many corporations paid no taxes. Has it occurred to you that you may not be as smart as you think you are?


You believe that article?  Seriously?
 
4 days ago  
But my 401K is up.

/Yeah I know
//Whatever
 
4 days ago  
60 corporations.

As least as far as whoever was counting was able to find or when they got to a nice round number, succumbed to despair, and stopped.
 
4 days ago  
Blessed be the job creators
 
4 days ago  

dildo tontine: dwrash: They were doing it before the new law... this article is misleading

The article clearly states twice as many corporations paid no taxes. Has it occurred to you that you may not be as smart as you think you are?


The dumber he gets, the smarter he thinks he is. In reality he'll be dining on dirt and his own shiat, not being able to tell the difference between the two, while in his mind he's receiving the Noble Peace Price in Psychics for brokering the unification of General Relatives and Wampum Mechanics.
 
4 days ago  

dwrash: dildo tontine: dwrash: They were doing it before the new law... this article is misleading

The article clearly states twice as many corporations paid no taxes. Has it occurred to you that you may not be as smart as you think you are?

You believe that article?  Seriously?


"Believe"

I think I found your problem.
 
4 days ago  

Sophont: dildo tontine: dwrash: They were doing it before the new law... this article is misleading

The article clearly states twice as many corporations paid no taxes. Has it occurred to you that you may not be as smart as you think you are?

The dumber he gets, the smarter he thinks he is. In reality he'll be dining on dirt and his own shiat, not being able to tell the difference between the two, while in his mind he's receiving the Noble Peace Price in Psychics for brokering the unification of General Relatives and Wampum Mechanics.


img.fark.netView Full Size


"Paging Mr. Dunning-Kruger. Mr Dunning-Kruger you have a telephone call at the front desk."
 
4 days ago  

dwrash: dildo tontine: dwrash: They were doing it before the new law... this article is misleading

The article clearly states twice as many corporations paid no taxes. Has it occurred to you that you may not be as smart as you think you are?

You believe that article?  Seriously?


Here's what the article is based on, but all the data comes from publically filed 10-Ks, so you don't even have to believe it...
https://itep.org/wp-content/uploads/0​4​119-Corporate-Tax-Avoidance-Remains-Ra​mpant-Under-New-Tax-Law_ITEP.pdf

https://itep.org/notadime/

But seriously, why am I even trying to correct you?
 
4 days ago  
Well of course they don't.  Everyone likes to quote Citizens United as "Corporations are people", but that's not really right.  The true gist is more like "Corporations are people for the parts where it's GOOD to be people, but NOT PEOPLE when it comes to things like taxes, being jailed for breaking laws, and all those other times when it's better to be a Corporation"
 
4 days ago  
Only sixty? Maybe he is reforming the tax system a little, for people who vote Democrat or who don't praise His Majesty sincerely enough.

Trust me, I know, for decades since Reagan, some of those corporations have been collecting taxes on the behalf of the Federal Government, and keeping the money they collect. They are old fashioned Tax Farmers in modern dress. Louis XIV would recognize the bastids. Elizabeth I would maybe squeeze them a bit harder, but she would not be the least bit morally or religiously outraged at the way the System works.

Money is good for the rich and bad for the poor or middle classes. Trump is helping.

Ha! Ha! Sucks to be US, eh?
 
4 days ago  

Munden: dwrash: dildo tontine: dwrash: They were doing it before the new law... this article is misleading

The article clearly states twice as many corporations paid no taxes. Has it occurred to you that you may not be as smart as you think you are?

You believe that article?  Seriously?

Here's what the article is based on, but all the data comes from publically filed 10-Ks, so you don't even have to believe it...
https://itep.org/wp-content/uploads/04​119-Corporate-Tax-Avoidance-Remains-Ra​mpant-Under-New-Tax-Law_ITEP.pdf

https://itep.org/notadime/

But seriously, why am I even trying to correct you?


I wish people would submit the link of the original report as opposed to one which indirectly quotes it.
 
4 days ago  

Munden: dwrash: dildo tontine: dwrash: They were doing it before the new law... this article is misleading

The article clearly states twice as many corporations paid no taxes. Has it occurred to you that you may not be as smart as you think you are?

You believe that article?  Seriously?

Here's what the article is based on, but all the data comes from publically filed 10-Ks, so you don't even have to believe it...
https://itep.org/wp-content/uploads/04​119-Corporate-Tax-Avoidance-Remains-Ra​mpant-Under-New-Tax-Law_ITEP.pdf

https://itep.org/notadime/

But seriously, why am I even trying to correct you?


the new law cut the statutory tax rate to 21 percent, while leaving intact most of the tax breaks that allowed profitable companies to zero out their income taxes.


Essentially Trump just changed the rate upon which these companies multiply by zero
 
4 days ago  
In 2016, the U.S. Government Accountability Office found that - each tax year from 2006 to 2016 - "at least two-thirds of all active corporations had no federal income tax liability." While the GAO report found that most large, profitable corporations did pay taxes, it found the amounts they actually paid were significantly different than the statutory rate.

https://www.wpsdlocal6.com/2019/02/13​/​amazon-still-paying-0-on-federal-incom​e-taxes/

...so this is a Trump thing?
 
4 days ago  
Feature, not a bug.
 
4 days ago  

fernt: In 2016, the U.S. Government Accountability Office found that - each tax year from 2006 to 2016 - "at least two-thirds of all active corporations had no federal income tax liability." While the GAO report found that most large, profitable corporations did pay taxes, it found the amounts they actually paid were significantly different than the statutory rate.

https://www.wpsdlocal6.com/2019/02/13/​amazon-still-paying-0-on-federal-incom​e-taxes/

...so this is a Trump thing?


He's stolen Obama's time machine.
 
4 days ago  

fernt: In 2016, the U.S. Government Accountability Office found that - each tax year from 2006 to 2016 - "at least two-thirds of all active corporations had no federal income tax liability." While the GAO report found that most large, profitable corporations did pay taxes, it found the amounts they actually paid were significantly different than the statutory rate.

https://www.wpsdlocal6.com/2019/02/13/​amazon-still-paying-0-on-federal-incom​e-taxes/

...so this is a Trump thing?


Has he done jack shiat to change it? 

No? 

BSAB that, genius.
 
4 days ago  
In all fairness, what was their tax burden prior to the changes Trump made?
I'd be curious to see profits vs tax payments comparison for the last few years.
I'm by no means a fan of trump, or anyone in his circle, but i can't in good conscience jump on the bandwagon "just because"
 
4 days ago  
I think that most of us would support Wal-Mart when they say that they paid 5 billion in federal taxes on their income. We might even go shop there.
 
4 days ago  
My guess is we got NOL going on most of these. I'm pretty sure in the case of Amazon. these are tax credits but credits created in the prior administrtion.

JC
 
4 days ago  

Farkonaut: fernt: In 2016, the U.S. Government Accountability Office found that - each tax year from 2006 to 2016 - "at least two-thirds of all active corporations had no federal income tax liability." While the GAO report found that most large, profitable corporations did pay taxes, it found the amounts they actually paid were significantly different than the statutory rate.

https://www.wpsdlocal6.com/2019/02/13/​amazon-still-paying-0-on-federal-incom​e-taxes/

...so this is a Trump thing?

Has he done jack shiat to change it? 

No? 

BSAB that, genius.


Wait...I just got whiplash. So the accusation was that the Trump tax law changes allowed Amazon to escape paying taxes for many years before he was even in office, JUST switched to "...but but but he didn't do anything to change it!!"

But if it makes you feel better to call names, I'm glad I could help.
 
4 days ago  

fernt: In 2016, the U.S. Government Accountability Office found that - each tax year from 2006 to 2016 - "at least two-thirds of all active corporations had no federal income tax liability." While the GAO report found that most large, profitable corporations did pay taxes, it found the amounts they actually paid were significantly different than the statutory rate.

https://www.wpsdlocal6.com/2019/02/13/​amazon-still-paying-0-on-federal-incom​e-taxes/

...so this is a Trump thing?


Here's your big chance! Now go forth and prove that you bright shining Republican paladins really are better than us Evil Demonic Demonrat Demons from Pandemonium!
 
4 days ago  

The Reverend Sam Hill: fernt: In 2016, the U.S. Government Accountability Office found that - each tax year from 2006 to 2016 - "at least two-thirds of all active corporations had no federal income tax liability." While the GAO report found that most large, profitable corporations did pay taxes, it found the amounts they actually paid were significantly different than the statutory rate.

https://www.wpsdlocal6.com/2019/02/13/​amazon-still-paying-0-on-federal-incom​e-taxes/

...so this is a Trump thing?

Here's your big chance! Now go forth and prove that you bright shining Republican paladins really are better than us Evil Demonic Demonrat Demons from Pandemonium!


I'm not a Republican. I doubt the ones labeling themselves as such will do much to change current laws anytime soon. Democrats as well. If you haven't noticed, a lot of our legislators are quite wealthy, and in many cases strangely so. Expecting them to change the tax laws is wishing in one hand and pissing in the other.
 
4 days ago  

zombietheclown: In all fairness, what was their tax burden prior to the changes Trump made?
I'd be curious to see profits vs tax payments comparison for the last few years.
I'm by no means a fan of trump, or anyone in his circle, but i can't in good conscience jump on the bandwagon "just because"


"just because Republicans under Trump passed a huge tax cut for corporations is no reason to think corporations are paying less in taxes."

Seriously? This is a pretty weak sauce excuse.
 
4 days ago  

fernt: I'm not a Republican.


I'm glad I wasn't drinking anything when I read that.
 
4 days ago  

Voiceofreason01: zombietheclown: In all fairness, what was their tax burden prior to the changes Trump made?
I'd be curious to see profits vs tax payments comparison for the last few years.
I'm by no means a fan of trump, or anyone in his circle, but i can't in good conscience jump on the bandwagon "just because"

"just because Republicans under Trump passed a huge tax cut for corporations is no reason to think corporations are paying less in taxes."

Seriously? This is a pretty weak sauce excuse.


There have always been a lot of people that feel that corporate taxes are basically double taxation.. the corporations pay taxes on its income before it passes it off to owners who then pay taxes on it again.

Overall, there are just way to many loopholes and the wealthy can hire the best lawyers and accountants to maximize their deductions.
 
4 days ago  

dwrash: Voiceofreason01: zombietheclown: In all fairness, what was their tax burden prior to the changes Trump made?
I'd be curious to see profits vs tax payments comparison for the last few years.
I'm by no means a fan of trump, or anyone in his circle, but i can't in good conscience jump on the bandwagon "just because"

"just because Republicans under Trump passed a huge tax cut for corporations is no reason to think corporations are paying less in taxes."

Seriously? This is a pretty weak sauce excuse.

There have always been a lot of people that feel that corporate taxes are basically double taxation.. the corporations pay taxes on its income before it passes it off to owners who then pay taxes on it again.

Overall, there are just way to many loopholes and the wealthy can hire the best lawyers and accountants to maximize their deductions.


spotthedoubletaxation.jpg
 
4 days ago  

Jacobin: I can't help but wonder if this is connected in some way to all the campaign donations he has received recently


Why would you wonder?

It's a certainty.  Most of his supporters ( you know, the common clay of the new west) don't have a pot to piss in, let alone spare change to send to him.  If you divide his fundraising total by the maximum allowable donation, you don't get a very big number.  There's enough rich Republicans who want to get richer...
 
4 days ago  

dwrash: dildo tontine: dwrash: They were doing it before the new law... this article is misleading

The article clearly states twice as many corporations paid no taxes. Has it occurred to you that you may not be as smart as you think you are?

You believe that article?  Seriously?


We should believe you? Seriously?
 
4 days ago  
img.fark.netView Full Size
 
4 days ago  
So if the red dead argument is here that these companies were already paying no taxes why did Trump need to redo the taxes to lower their tax rate?
 
4 days ago  

dildo tontine: dwrash: They were doing it before the new law... this article is misleading

The article clearly states twice as many corporations paid no taxes. Has it occurred to you that you may not be as smart as you think you are?


He also claims that more people live in rural areas than in the cities, and that his stay-at-home son earns a 7 figure salary.

If he cared about facts he wouldn't be a conservative.
 
4 days ago  

Murkanen: dildo tontine: dwrash: They were doing it before the new law... this article is misleading

The article clearly states twice as many corporations paid no taxes. Has it occurred to you that you may not be as smart as you think you are?

He also claims that more people live in rural areas than in the cities, and that his stay-at-home son earns a 7 figure salary.

If he cared about facts he wouldn't be a conservative.


I never claimed that... I am saying that rural areas cover the majority of this country and should get more of a say of what goes on than the wannabe plague victims that live in our cities.
 
4 days ago  
If you believe in global warming and don't take the following just as seriously, you are a hypocrite.

https://www.theatlantic.com/magazine/​a​rchive/2018/07/when-the-next-plague-hi​ts/561734/
 
4 days ago  

dwrash: Murkanen: dildo tontine: dwrash: They were doing it before the new law... this article is misleading

The article clearly states twice as many corporations paid no taxes. Has it occurred to you that you may not be as smart as you think you are?

He also claims that more people live in rural areas than in the cities, and that his stay-at-home son earns a 7 figure salary.

If he cared about facts he wouldn't be a conservative.

I never claimed that... I am saying that rural areas cover the majority of this country and should get more of a say of what goes on than the wannabe plague victims that live in our cities.


So you think acreage gets a vote?

Just because those voters live further apart from each other their votes are more important?

Or is it because they are whiter?
 
4 days ago  

madgonad: dwrash: Murkanen: dildo tontine: dwrash: They were doing it before the new law... this article is misleading

The article clearly states twice as many corporations paid no taxes. Has it occurred to you that you may not be as smart as you think you are?

He also claims that more people live in rural areas than in the cities, and that his stay-at-home son earns a 7 figure salary.

If he cared about facts he wouldn't be a conservative.

I never claimed that... I am saying that rural areas cover the majority of this country and should get more of a say of what goes on than the wannabe plague victims that live in our cities.

So you think acreage gets a vote?

Just because those voters live further apart from each other their votes are more important?

Or is it because they are whiter?


None of the above.  We live in a constitutional republic that has some democracy built into it.  We are stewards of the land.. at least rural people generally try and take care of our country, while urban people just piss all over it.

I would rather have good stewards that are potentially going to be around a long time have a great say than a bunch of whiny urban people that are setting themselves to be wiped out by the next plague.
 
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