7 Largest Corporations paying NEGATIVE Taxes!!! &%*#$!# Leeches!!!

a reply to: WarminIndy

I don't know what Obama invests in or anything of that nature. But it shouldn't shock anyone that he's a big part of all of this too. He's shown himself to be deep in the Corporate Pocket just like everyone else in Congress.

Obama loves his Corporate Masters. They all do. That's who they get all their bribes, I mean, Lobbyist Money and Campaign money from. That's why they all just allowed Corporations to legally donate almost unlimited donations. These crooks in Washington know exactly where the real money comes from and it's not found in their paychecks.

originally posted by: OpenMindedRealist
a reply to: KnightLight

If my last post came across as being personally critical of you, then I apologize. I was simply posing questions I thought would get to the heart of the topic.

Nowhere have I suggested that the poor should pay more in taxes than they already do (though I do think everyone should pay something to have some skin in the game). I'm neither rich nor an idealist. As an underemployed college-educated millennial, I know full well you can't squeeze blood out of a rock. Only recently did I regain health insurance after several years without. I live week to week like most Americans, and have almost no expendable income. For the past several years I have paid no income tax thanks to the earned income credit.

You sir are a veteran, and veterans are one of the only groups of people truly entitled to the basic needs of life. As far as I am concerned, veterans should be exempt from paying income tax altogether.

The average person, though, pays no more in Federal taxes than you do. The average person hasn't given years of his life for the security of our freedoms. Yet the average person expects way more in terms of benefits than you do.

The problem is not corporations (groups of people who make money together and thus pay individual income taxes upwards of 25%) not paying enough. The problem is too many people who have little or nothing to contribute, but demand more and more tax money be spent on their behalf.

There is a drought, but it's not because rich people are hoarding water. It's because every year the politicians want to add another damned tier to the gold-trimmed imported marble fountain that is the Federal government.

overall I agree with your post. Why do the poor need more taxes spent on them though?

They do all the profit generating labor, and can't even afford to eat.

Because the drought in exist because mega corps pay nothing and make billions.

This causes less and less disposable income to workers, causing the corps to notice falling margins, resulting in even less pay.

They still make billions, can't let them lose their margins now, even though are the ones eroding their own margins because now workers have even less disposable and income.

Vicious cycle...brought on by greed, resulting in gains for the top at the expense of the bottom.

The dumbest part, those making and hoarding all the money already have more than the next several generations of their family could need, but it still isn't enough. Even as their workers starve and suffer.

Every time i see one of these stupid tax threads I just shake my head. Whats the point? Ill bet most of you have just been shoved into filing forms and T.I.N.'s and withhold and get withheld "just because" everyone else has been without even reading the damn tax law yourselves. The victim mentality only really serves the ignorance about how taxation works in the usa.

Its an ignorance tax and this day and age of the internet you can just search and find out for yourselves what you should be paying and what you should not.

Those line graphs about tax income payment are misleading too. Perhaps you should look at just how many people even paid the income tax at all before ww2. Our grandparents weren't idiots they were patriots, but were not fighting ivan or hitler anymore. This volunteer tax should not be conned out of us just because the HR departments cpas are pre programmed robots to file all the forms the federal incomes have to.

Until folks start pulling their wits about them and take charge instead of whining about it you're going to stay an ignorance slave.

a reply to: Huggiesunrise

Well since you're obviously so much smarter than everyone else why don't you educate us then instead of complaining about us complaining???

The point is to try and get people involved so they are no longer victims. Or at least if they are they'll have some understanding of why and maybe what to do about it. If it irritates you so much why don't you try and help instead of acting like such a superior to everyone else and making things even worse??

Also, this isn't about individual Income Taxes, which most pay whether or not they should be since it is Voluntary so to speak. This is about Multinationals slipping out of it while all the rest pay into it.

a reply to: schuyler

This guy is right.... Companies use tax laws to avoid taxation but only because they are using that money to reinvest into their companies or subsidiary companies.

The CEO, the workers they all pay taxes on a personal level but may be paying a lower rate percentage wise than you because they are well versed or can afford accountants who will work the tax codes like wizards. Still no one is free from the chains of taxes. The only difference between a corporation and their well paid executives are the fact that they have better knowledge of the legal and tax system. So they know how to save money - which comes with being better educated about finance.


Now , I do have an issue with companies using foreign shell corporation to evade corporate taxes all together... Like Apple. By all means it's legal. To say your company is fully owned by a corporation in another country where taxes are super low and all profits funneled into there so you by pass the 40%. That's smart but it's also not good. U.S. Should Tax all profit before it leaves the U.S. Or Tax it when it's brought back in. Or both to discourage this practice.

In the end the poor get screwed. Because they don't know the Tax code and deductions. Make too little to take advantage of deductions. Don't own companies to spend money through to make deductions. Like leasing a car. The Tax code is made to benefit bigger corporations and the wealthy. Don't think cause Tax rate is higher for 250,000 income that they are actually paying that rate oh no, they are taking full advantage of deductions and financial planning to bring it down to probably as low as the lowest bracket. That's just the truth. Meanwhile the lower incomes can't really benefit because most of their income is strictly to live.

originally posted by: Edumakated
a reply to: Aazadan

Which company would you rather your pension or 401k be invested in? Company A or Company B. Remember, the profits that Company A generates get returned to the shareholder i.e., YOU in the form of dividends. Excess profits also allow company A to pay higher salaries and other perks, reinvest in the company for expansion (which means creating more jobs, etc). So while Company B may be paying more in taxes, why is that better? The government is far less efficient at distributing money than private entities. At some point, the shareholders of Company B will revolt. A company can only be benevolent for so long before market realities catch up. In your example, Company B would go out of business at some point because they likely couldn't afford to reinvest back into the company.

Company A is of course better for the shareholders, I already pointed that out. Sometimes though the good of the many outweigh the good of the few. That's always a tricky situation though because without the money of the few wealthy, how would Company A or Company B ever get their startup funds?

Given that our corporations are collectively sitting on more money than ever before though, and that the so called global allocators of capital and job creators aren't really fulfilling their ends of the bargain right now I have no issue with being against them.

originally posted by: Hefficide

Be careful... Everyone knows that we didn't create that and that the job creators are Gods. You'd be safer, in these parts, blaming the homeless and poor for the depression/recession. Because Ayn Rand and Reagan say so.

Hopefully this thread will educate some folks on why Oligarchy does not work.

You sir are the man.........I thought I was the only one calling the US a Oligarchy. We are controlled by small group of men they control the central banks the federal reserve. Slowly over time the curtain is being pulled back to expose this disgusting truth.

a reply to: mOjOm

I rekon by 2030 the tax rate for the companies controled by the 48,000 interlocking directors controlled by the federal reserve will have a zero tax rate. (karen Hudes) This will will inlcudes those at the top of those companys as they will be eanring as a busienss.

I am just wondering if they will actucally get bounus dollars for each dollar of profit they make with a base tax rate of %

This wll happen absent a revolution in the US or lots of good people stand up

a reply to: schuyler

No, they don't increase the price of items to pay for taxes. If they did, a competitor that didn't do that would sell more. Income tax for corporations doesn't impact item costs, it's just not factored in. You could have 10% or 50% corporate taxes, but the fundementals for what determines prices doesn't change. May suck for a business but you really can't include it in prices, since you'd end up losing money.

a reply to: learnatic

A lot of us in the Uk are furious about this sham of corporations not having a home base to pay their taxes from as well as also paying taxes on the income they generate in foreign countries in the countries involved in their trade. That way the tax bill gets distributed around.

The problem has been since so many of these corporations are now world-wide and a tax system has not been established ((I wonder why) to accommodate this expansion also where the hell is the Monopolies Institute).

I do think we are at the time in the world's finance, with a failed capitalism obvious, especially to the people in Greece, that we need to look at the earnings which shock us all of people in the corporations and sacred cow businesses.


Today in the UK we learned something which was certainly news to me. Our railways system was privatised, most likelyt for a pittance and the new companies are paying huge bonuses to their directors and of course putting up the prices of the rail fares - As something failed on Boxing Day, the public, apart from the inconvenience of having bought tickets for a service which was not on-line so to speak at a major London Terminal, were told the man in charge whom was to get a £300,000 bonus payment, woulnn't get it, not because of incompetence, but he was leaving. Good God these bonus payments seem to be popping up everywhere in the UK where nationally owned business that ran well before privatisation, have been snatched by the government and put into private hands, we can all see how the elite over here live with their puppets in power. Can't help wondering where the tax is paid, or whether its under one of those loopholes Cameron promised the public he would close, but are still open for him, queenie and their friends.

I suspect this is how every country runs with its top layer secure with its puppets in power.

a reply to: Shiloh7


The opposite is here, our Amtrak is owned by the government and air traffic controllers are also government. Ronald Reagan made the air traffic controllers under the government during the air traffic controller strike.

Most of our interstates are owned by foreign companies. I once traveled from North Carolina to New York City and had to pay toll in Pennsylvania, Delaware, New Jersey, New York and then three times to get into the different boroughs of NYC. I know that's why most poor people can't get out of New York City unless they take a bus, because it's too expensive to get out if you drive. That's like keeping a population sequestered.

Who can afford the toll rates? I don't know how much taxes those foreign companies pay from road tolls, but here's another thing to consider, most states have the "road usage tax" when you pay for gasoline. So when you buy gasoline, you are paying the sales tax per state as well as road usage. And in some states, road usage tax is paid yearly by the tax payer.

In essence, an American who is traveling from state to state, before they even leave their driveway, they have paid the road usage tax for the privilege of even having a car to drive on the interstate, then pay road usage when buying gasoline for said journey, then pay toll on said highway they just paid road usage tax on.

Here is one way to get around it in North Carolina, as in North Carolina one doesn't pay state tax on their vehicle..

If the vehicle is a gift between a husband and wife, a parent and child or a stepparent and a stepchild. This exemption does not include out-of-state title transactions, only NC title transactions apply.

If one doesn't want to pay road usage tax and they are married or have children, just transfer the title back and forth every year..

My point is this, if the American has already paid the state or road usage tax, then why pay toll if the road usage tax is for maintenance of the roads? But when you pay toll, you are paying a foreign company.

From 2006 Foreign Companies who own roads and I doubt it has changed much at all.

originally posted by: mOjOm
a reply to: Huggiesunrise

Well since you're obviously so much smarter than everyone else why don't you educate us then instead of complaining about us complaining???

The point is to try and get people involved so they are no longer victims. Or at least if they are they'll have some understanding of why and maybe what to do about it. If it irritates you so much why don't you try and help instead of acting like such a superior to everyone else and making things even worse??

Also, this isn't about individual Income Taxes, which most pay whether or not they should be since it is Voluntary so to speak. This is about Multinationals slipping out of it while all the rest pay into it.

Litmus test. some threads I get completely ignored and it ends there. makes me think sometimes these tax threads are put in just to keep taking the temperature of how well held the ignorance is. As for the smarty pants nonsense im guessing that you may want to really know and you should research and decide for yourself. Thats all that can be done realistically.

Corps not paying taxes? there are so many "shelters" for for the rich and nere to do wells that folks focus their hatred on tax "cheats" when for the majority of us who do not engage in privileged employment or business with public offices or federal trade of business should not have their remuneration held at all. All this thread is is misdirected rage at a system people aren't understanding. essentially keeping them in the victim cycle.

The biggest dilemma of the tax system between false persons and us real people is that you can only audit where the money goes so far and you have very little control over your money before they give it to you because of a system designed to literally make you pay for the people "in the know" of those corps. But the rules are the same for everyone.

It disappears past the treasury viel into the federal reserve which are private banks. And not auditable. Sure the government can approve and throw out a budget but thats a plan of action it isnt a report on how much money the government actually has. We can't know these things supposedly. And we should just what? Accept that? especially when its provided in the constitution whats taxes are legal to impose and how?

So what can you do?

1. You dont know why you're being taxed like everything you do is someone elses property and told its a voluntary tax.

2. Corps roll taxes into the prices and transactions of their activity, sales tax on your receipt, and other taxes are placed on the initiator of the exchange yet those within employ aren't given the chance to even do their own taxes their money is withheld and we "remit" for refund yearly.

3. There is a reason the deception takes the power out of the individuals hands and not corps. Corps aren't people they have agents, and those agents work to the corps best interests sadly you don't have that. You only have yourself.

4. The "capable" go and create nonprofits and shelters foundations and trusts, all it is is carrying the 1. Interest pays for taxes they dont take a "loss" to pay and the rest is sheltered against seizure even if someone screws up. While the ignorant masses have had their own ability to determine what they owe and why. Scared into a system. that forces them into a loss for the year and recovering a small amount of it back to to the generous deduction method...

So you can see who and why when someone stands up looks at the big guy doing an supposed end run around the system while the majority of workers and those self employed in the usa are subject to the idea that making money is a privilege and not a right of life like the founding fathers established. Is makes me real mad. others too i suspect.

People need to look into the internet which made it all searchable and finding out income tax is an excise tax on a privilege to work with and for a very select group... IE "The Public".
It means your private employer has been volunteering that money for you because of your ignorance and terror that poking that bubble isn't "safe".

Bottom line the tax is constitutional and totally legal. Its just unfortunate daffy duck convinced our grandparents and parents that ww2 never ended and the treasury is entitled to that money. When those agencies have said the truth all along. It is voluntary. why. and how is up to you the individual to ascertain.

originally posted by: Turq1
a reply to: schuyler

No, they don't increase the price of items to pay for taxes. If they did, a competitor that didn't do that would sell more. Income tax for corporations doesn't impact item costs, it's just not factored in. You could have 10% or 50% corporate taxes, but the fundementals for what determines prices doesn't change. May suck for a business but you really can't include it in prices, since you'd end up losing money.

Taxes most certainly are included in the price of a product. Again, corporations do not pay taxes. Ultimately the tax burden is borne by the investors (YOU if you have a 401k, pension, stocks, etc) and consumers through higher prices. When you advocate for raising taxes on corporations what you are doing is taxing everyone from the retired plant workers with a pension to the big shot trader, both of which are shareholders. You are also taxing consumers.

Where you are correct is that a competitor that doesn't have the same tax burden is more competitive which is why corporations want to avoid taxes in the first place. If taxes do not affect decision making, why do states try to lure companies from other states by offering tax breaks? Why does the government offer tax breaks to individuals to encourage specific behavior? Why does government tax items highly (raising prices like on Cigarettes) to discourage use.

The complaints about corporate influence are not really an issue of taxes, but the fact that our politicians on both sides of the isle use the tax code to dole out favors to their supporters. This is why real tax reform will never happen as it basically would neuter any power Congress and Senators have. Their power comes from controlling the purse strings of government.

I saw that in North Carolina with Dell.

When Dell wanted to build a new plant in North Carolina, many of the major cities were really vying Dell with tax incentives, and Dell eventually settled with Winston-Salem, who offered them such a low tax rate. So Dell moved in, actually built apartment buildings for their employees, and then instead of hiring from within the community of Winston-Salem, brought in management staff from India and hired all Hispanic workers from Mexico.

Not a single legal American from Winston-Salem or the surrounding area was hired by Dell. ALL of the employees were from elsewhere.

What happened after that? Dell didn't like the negative publicity because Winston-Salem tried to sue them. So see, just because it is an American company who was given tax breaks, didn't hire people within the community. Winston-Salem was screwed over by Dell.

a reply to: mOjOm

TBH it's not the companies fault-they are are just exploiting a system with loopholes so big you could fly a plane through them.

However that doesn't make it right. Countries like Ireland and the UK are fed up with this kind of behavior but does that mean it will stop them? hell no-they'll just find another country.

"Bermuda, I think this is the beginning a beautiful friendship."

Unless every nation gets on board then these megacorps will always find a way around the system.

So what about these LEECHES ?

46 Percent of Americans Exempt From Federal Income Tax in 2011

Some 76 million tax filers, or 46.4 percent of the total, will be exempt from federal income tax in 2011.

www.huffingtonpost.com...

Talk about GD false outrage.

a reply to: Edumakated

This is a good point:
"First, the problem is politicians using the tax code to dole out favors. If the companies are following the tax code, then your beef is with the politicians who set the tax laws."

We have no one to blame but ourselves. Voters and the ones who shun their civil responsibility of voting. Politicians are very clever at promoting one issue policy to get attention away from what they are really up to.

originally posted by: MOMof3
a reply to: Edumakated

This is a good point:
"First, the problem is politicians using the tax code to dole out favors. If the companies are following the tax code, then your beef is with the politicians who set the tax laws."

We have no one to blame but ourselves. Voters and the ones who shun their civil responsibility of voting. Politicians are very clever at promoting one issue policy to get attention away from what they are really up to.

Remember in 2007 when Obama said he was going to bankrupt the coal industry? How was he going to do it? By the coal industry not paying the taxes for the Clean Air Act. Gov. Joe Manchin jumped on board and said to vote for Obama, the entire UAW Union and the UCW Union said to vote for Obama, until the crap hit them in the face, it meant jobs in West Virginia.

Joe Manchin then had to backtrack and say he was duped by Obama.

But no one took into account one important function of the coal industry, not only does it keep the lights on, it is part of the sole ingredient for heavy manufacturing, roads, infrastructure and buildings in this country. EVERY industry and corporation would be affected by bankrupting the coal industry.

But instead of looking at the importance of coal, people jumped on the clean air taxes, protested pollution and then West Virginians lost jobs because of it, and it was a domino effect. Obama then had to bail out auto companies, who relied on coal for the steel and machinery to make cars.

It's never easy, but the one issue in the minds of Americans was Clean Air Act which is taxed. But here's the kicker, the US government does not allow the manufacture of Tesla cars, which would reduce pollution, hence, reduce the tax income from the Clean Air Act, but dangled that in front of Americans to salivate over because they didn't understand how much money is made off pollution.

originally posted by: MOMof3
a reply to: Edumakated

This is a good point:
"First, the problem is politicians using the tax code to dole out favors. If the companies are following the tax code, then your beef is with the politicians who set the tax laws."

We have no one to blame but ourselves. Voters and the ones who shun their civil responsibility of voting. Politicians are very clever at promoting one issue policy to get attention away from what they are really up to.

You'd think both those on the left and right would agree that the tax code situation is out of control. There is no logical reason our tax code is tens of thousands of pages long, corporations need an army of attorneys and CPAs to figure out their annual tax burden, and the general populace lives in fear of the IRS.

I support a simple flat tax with no deductions, credits, or special treatment of any kind. No home mortgage deductions. No distinction between cap gains ands wage income. Nothing. It is just 10% of whatever you make. I also want to abolish the corporate tax altogether.

Politicians figured out the tax code was the perfect way to payoff lobbyist and to other special interest in plain sight without doing anything illegal per se. This is why you have all these obscure tax laws. A simpler tax code means we take away a lot of the power of congress and senate.

a reply to: Edumakated

And another idea...get back on the gold standard.

Right now, the value of money is just an illusion. They set the value of money, then set the value of the tax on illusionary value of money.

The Federal Reserve sets the interest rates daily, the value of the dollar fluctuates with every bump in the road, and as soon as it dips, the value of the American dollar can't compete, then foreign companies buy another chunk of American property, the value then goes up a little.

Value is an illusion.