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originally posted by: macman
a reply to: MarlinGrace
Interesting??? Sure..
A surprise??? Shouldn't be.
There is only on reason why they can't get those emails.
They were purposely disposed of.
To see if GE was an aberration, we took a look at the 2010 annual reports of the 20 most profitable U.S. companies. Some of the results may surprise you.
The average income tax rate within the group was 25.4%. America’s three biggest oil companies, ExxonMobil , Chevron and ConocoPhillips , all endure income tax burdens of more than 40%–higher than the statutory U.S. rate of 35%. Exxon, with a 45% rate, tallied $21.6 billion in worldwide income taxes for 2010. Wal-Mart Stores paid $7.1 billion (at a rate of 32.4%) in income taxes.
originally posted by: neo96
All they need to do is cut out the middleman(IRS), and just subpoena NSA records.
Instead of getting the run around.
originally posted by: charles1952
Just a quick comment and question on the flat tax and corporations.
If you take 20% of every dollar that comes into the cash register for taxes, that leaves 80% to pay salaries, run the stores and buy the things they sell. I don't know of a corporation that could survive that. Their prices would have to go up 25% instantly to remain where they are now.
If you let them deduct the cost of the things they buy to resell, salaries, and the other normal business expenses - in short, the current situation - let's look at the taxes they pay. In the 2010 tax year Forbes reported the following:
To see if GE was an aberration, we took a look at the 2010 annual reports of the 20 most profitable U.S. companies. Some of the results may surprise you.
The average income tax rate within the group was 25.4%. America’s three biggest oil companies, ExxonMobil , Chevron and ConocoPhillips , all endure income tax burdens of more than 40%–higher than the statutory U.S. rate of 35%. Exxon, with a 45% rate, tallied $21.6 billion in worldwide income taxes for 2010. Wal-Mart Stores paid $7.1 billion (at a rate of 32.4%) in income taxes.
www.forbes.com...
And you want to cut them to 20%? They'll love you for that.
originally posted by: Sunwolf
That the Federal Government Departments have time to circumvent laws and engage in wrongdoing tells me that they are too large to exist as an entity.Cut them all back 50% and see what happens.
This Gov. is costing way too much for what they do,it is time for elimination.