We're Doomed, He Hasn't a Clue

[joeydb]

Originally Posted by jms62

But according to Joey thats ok becuase they are in business to make a profit and OWE Nothing to the country they operate in. They shouldn't be taxed , regulated and they should hire workers where they are the cheapest.

They ARE in business to make profit. That's indisputable. That's what separates them from nonprofit corporations.

Any taxes that are levied ARE paid by the consumers of the products and services of that company. It's pointless to keep raising taxes on corporations, ipso facto.

They CAN move and WILL move if they can profit by that, or undo a would-be loss.

Last, but not least - if you are successful in extracting sums of money from companies through taxes, fees, regulations and the like, and you also prevent them somehow from moving or passing the costs on to the consumers, they will go out of business. Unlike the government, they cannot operate at a loss.

I'm not saying I like it that way. I'm saying that's the way it really is, and it is pointless to talk about "the way it should be."

[jms62]

Originally Posted by joeydb

They ARE in business to make profit. That's indisputable. That's what separates them from nonprofit corporations.

Any taxes that are levied ARE paid by the consumers of the products and services of that company. It's pointless to keep raising taxes on corporations, ipso facto.

They CAN move and WILL move if they can profit by that, or undo a would-be loss.

Last, but not least - if you are successful in extracting sums of money from companies through taxes, fees, regulations and the like, and you also prevent them somehow from moving or passing the costs on to the consumers, they will go out of business. Unlike the government, they cannot operate at a loss.

I'm not saying I like it that way. I'm saying that's the way it really is, and it is pointless to talk about "the way it should be."

LOL... Isn't this wholeboard about "How it Should Be" ?

[joeydb]

Originally Posted by jms62

LOL... Isn't this wholeboard about "How it Should Be" ?

Yeah, OK I should have given a qualifier on my response. There are things we can change and then there are the economic equivalent of the laws of physics. I believe, and you may disagree, that the elements I listed in my last post belong to the latter category.

I'm all for better ideas that will actually work in bringing increased prosperity and freedom to as many citizens as possible. But they have to be sustainable. "Eating the rich" will not work. Eventually the rich stop producing and shelter their money, or they move.

[Riot]

Originally Posted by joeydb

But they have to be sustainable. "Eating the rich" will not work. Eventually the rich stop producing and shelter their money, or they move.

I dare you to use google, and post a list here of the Top Twenty companies in the United States, and how much they paid in corporate taxes last year.

And "the rich stop producing, sheltering their money, and moved" has already happened. It's ALREADY HAPPENED.

[paulo537]

Originally Posted by Riot

I dare you to use google, and post a list here of the Top Twenty companies in the United States, and how much they paid in corporate taxes last year.

And "the rich stop producing, sheltering their money, and moved" has already happened. It's ALREADY HAPPENED.

Top 10 U.S. Companies (By Revenue) Fed Inc Tax as % of PreTax Earnings

WalMart 34%
Exxon 47%
Chevron 43%
GE 0%
Conoco 51%
AT&T 32%
Bank of America 0%
Ford 2%
Hewlett 20%
Berkshire 31%

You may want to rethink this drivel you post. Or at least get your oil changed.

Are you ever right?

I dare you to show some class and admit you have just been joking with us.

I double dare you.

[Riot]

Originally Posted by paulo537

Top 10 U.S. Companies (By Revenue) Fed Inc Tax as % of PreTax Earnings

WalMart 34%
Exxon 47%
Chevron 43%
GE 0%
Conoco 51%
AT&T 32%
Bank of America 0%
Ford 2%
Hewlett 20%
Berkshire 31%

You may want to rethink this drivel you post. Or at least get your oil changed.

Are you ever right?

I dare you to show some class and admit you have just been joking with us.

I double dare you.

Nope. You posted their rates. Post what they actually ended up paying

The point, as you will see, to Joey, is that fears about "taxing the rich" is laughable when corporations making billions pay virtually nothing at all. Or get refunds.

[paulo537]

Originally Posted by Riot

Nope. You posted their rates. Post what they actually ended up paying

The point, as you will see, to Joey, is that fears about "taxing the rich" is laughable when corporations making billions pay virtually nothing at all. Or get refunds.

Fed Income TaxPaid 2010 -- 5 Largest U.S. Corporations

WalMart $7.1 Billion
Exxon $17.6 Billion
Chevron $8.1 Billion
GE $0
Conoco $13.0 Billion

That's paid. You want the others, look it up yourself, you lazy mutt. Read Forbes and don't worry -- looking at the website won't magically erase family money.

It's obvious you just post your **** to be funny. You're funny but, really, you are more pathetic than comical.

So, will you show some integrity and admit you had no clue that the three oil companies in the top ten paid a total of $38.7 Billion in Fed Income Tax with effective tax rates of 47%, 43% and 51% of pre-tax income?

Will you?

Can you?

No, it's easier for you to not educate yourself and just babble-rant against those big, nasty oil companies.

I dare you.

You're a complete moron.

As an aside, good luck with your pre-existing condition.

[Riot]

Originally Posted by joeydb

They ARE in business to make profit. That's indisputable. That's what separates them from nonprofit corporations.

Any taxes that are levied ARE paid by the consumers of the products and services of that company. It's pointless to keep raising taxes on corporations, ipso facto.

They CAN move and WILL move if they can profit by that, or undo a would-be loss.

Last, but not least - if you are successful in extracting sums of money from companies through taxes, fees, regulations and the like, and you also prevent them somehow from moving or passing the costs on to the consumers, they will go out of business. Unlike the government, they cannot operate at a loss.

I'm not saying I like it that way. I'm saying that's the way it really is, and it is pointless to talk about "the way it should be."

So how's that been working out for us for the past 50 years, hum?

You have zero, absolutely zero, concrete grasp of how the economic corporate engine of this country is functioning now, and has been for the past 50 years, and what changes have wrought over that time, and how corps have benefited or not, and what has happened to our jobs. Zero.