[DeTomaso] NPC - Corporate taxes

[Will Kooiman]

Who said corporations need to pay taxes at all?

Taxes exist to pay for the cost of government.  We have thousands of taxes,
which effectively nickel and dime us to death.

When you tax corporations excessively, it makes financial sense to move the
business overseas.  And, who gets hurt when that happens?  It certainly
isn't the corporation.

Ask around.  How many of your buddies lost their job because it was
outsourced overseas?  Do you think the company did it because it's easier to
get work overseas?  Maybe the quality is higher?  Heck no.  It's because it
makes more financial sense (in most cases).  It's a PITA to outsource.

If you want to be completely fair, tax everything based on their debt to
society.  If a corporation requires a ton of regulation, tax them
appropriately.  If they help the economy grow, give them tax breaks.

My point is that one of the reasons our economy is so bad is because huge
numbers of jobs have moved to China, India, Mexico, Thailand, Vietnam, and
even Korea.  Ask the people in those countries how the economy is doing.
Those that have benefited from outsourcing would say, "Great!"

-----Original Message-----
From: detomaso-bounces at realbig.com [mailto:detomaso-bounces at realbig.com] On
Behalf Of Will Demelo
Sent: Sunday, November 07, 2010 5:25 PM
To: detomaso at realbig.com; Larry Finch
Subject: Re: [DeTomaso] NPC - Corporate taxes

I'm with you Larry. No tax breaks for corporations. F@$K them. Give them no 
breaks and let them and their employees go elsewhere.
Will
----- Original Message ----- 
From: "Larry Finch" <fresnofinches at aol.com>
To: <detomaso at realbig.com>
Sent: Sunday, November 07, 2010 6:07 PM
Subject: [DeTomaso] NPC - Corporate taxes


>
>
>
> Since we are now into who pays what in taxes, let's take a look
> at historical corporate tax rates and figures.
>
> (For those of you who wonder just why I seem to have it in for the
> corporations, these figures may enlighten you.)
>
> In the 50's and 60's their tax rates started around 23% and went up to 
> about 52%.
> The 70's to the mid 80's saw a range from 15% to about 46%. The rates 
> began falling
> and now are about 15% to 35%.
>
> Not surprising, the share that corporate tax revenues comprise of total 
> federal tax
> revenues also has fallen from an average of 28 percent of federal revenues

> in the 1950s
> and 21 percent in the 1960s to an average of about 10 percent since the 
> 1980s.
>
> If you look at how their taxes related to their profits, you see them 
> paying about 49% in the 50's,
> 38% in the 60's, 33% in the 70's, and about 25% in the 90's.
>
> You can see they have lower taxes than in the boom days of the 50's and
60's, 
> yet somehow
> they blame their shutdowns, outsourcing and downsizing on their tax 
> burden.
>
> Through their hired lobbyists corporations have obviously been successful 
> in lowering their share
> of support for the USA, and yet they still pour out the crocodile tears 
> about how heavily taxed they are.
> When will they be satisfied? Probably never, unless they manage to get 
> enough tax cuts and loopholes
> to all manage to pay nothing.
>
> Beginning to understand why solving this Nation's financial problems 
> requires a fresh look at corporations?
>
> Larry - Google is my friend. If you really want to get upset, do your own 
> Google search.
>
> Maybe you will find this gem:
>
> In 2000 alone, 94% of all U.S. corporationspaid less than 5% of their 
> total income in corporate taxes,
> the GAOsaid in a report released Friday. Among the largest corporations --

> the1% of all corporations
> that owns 93% of all corporate assets -- 82%paid less than 5% of their 
> income in taxes.
> -----------------
> I don't know about you, but I pay taxes on my INCOME, not profit. Why are 
> corporations not held to
> the same rule?
>
> One of you wrote me off list to the effect that if we would just remove 
> all
> corporate taxes, they wouldn't be motivated to move offshore. I found his 
> innocence amusing.
>
>
>
>
>
>
>
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