We're #1!

#3
#3
Wonderful! Great for businesses and an economy trying to recover!
 
#5
#5
it's simply outrageous that Exxon/Mobil pays only 30 billion/year in taxes, they should have to pay more, after all it's only fair...
 
#9
#9
MG1968 said:
does it really matter?

the top rate is the top rate, not everyone will be able to, or willing to, take advantage of any loopholes
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It's usually the little guy who does not enjoy the loopholes.
 
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#10
#10
What is the actual rate paid by the top five or ten (you pick the reasonable number) grossing US firms?
 
#11
#11
lawgator1 said:
What is the actual rate paid by the top five or ten (you pick the reasonable number) grossing US firms?
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like I mentioned before, Exxon/Mobil pays over 30 billion/year

how much more should they pay when they already pay more than half of the US combined population?
 
#13
#13
MystifyingVol said:
How about lowering the rates and closing all the loopholes....novel idea, I know.
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Corporate tax law....one of the many ways that big corporations controls government, while simultaneously fooling stupid people into thinking it's beneficial the US as a whole.
 
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#14
#14
lawgator1 said:
What is the actual rate paid by the top five or ten (you pick the reasonable number) grossing US firms?
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ExxonMobil claims they are paying around 145% on net earnings.

Go figure.

link

For every dollar of net earnings in the U.S. between 2006 and 2010, ExxonMobil incurred $1.45 in taxes to federal, state and local governments. When one looks at the total taxes incurred on ExxonMobil’s 2010 activities, they amounted to over $93 billion – more than three times our earnings. Over 24 percent of ExxonMobil’s revenue went to taxes around the world.
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#15
#15
That's tax rate, not effective right? So the deductions are out which are pretty hefty for some. Exxonmobile paid 0% to the feds just a couple of years back, and 40% another to show that effective rates paint a different picture. I still think we are top 5 even for effective.

edit: started typing this post about 10 posts ago (work). looks like we've got it covered.
 
#16
#16
n_huffhines said:
Corporate tax law....one of the many ways that big corporations controls government, while simultaneously fooling stupid people into thinking it's beneficial the US as a whole.
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Ding ding ding... Average effective corporate tax rates show that the us is actually quite competitive. With coins in the right coffers, that is.
 
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#17
#17
Having the highest rate and paying the highest rate are two different things.
 
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