Huge Corporate Profits- so Why do They Need a Tax Cut?

I found this chart showing corporate profits for the last 70 years, and not surprisingly, corporate America has more money than at almost any point in HIstory. They are awash in money, so why would they possible need a tax cut at the cost of cutting government spending on public safety nets? The obvious reason is that Republicans wan't to destroy the middle and lower class. Normally the Republicans don't want to do anything to increase the deficit, but they are willing to make it shoot up by 1.5 trillion dollars so that millionaires can get much more money. If this tax cut is enacted America will become an Aristocracy and you can kiss your rights, freedoms, and standard of living goodbye because they will have all the money and power instead of just most of it.

fred.stlouisfed.org...

a reply to: CB328

To answer the question in your topic; they don't, shareholders are greedy.

a reply to: CB328

What is your solution to this?

What would you like to see done?

originally posted by: SgtHamsandwich
a reply to: CB328

What is your solution to this?

What would you like to see done?

What would you like to see done?

originally posted by: CB328
I found this chart showing corporate profits for the last 70 years, and not surprisingly, corporate America has more money than at almost any point in HIstory. They are awash in money, so why would they possible need a tax cut at the cost of cutting government spending on public safety nets? The obvious reason is that Republicans wan't to destroy the middle and lower class. Normally the Republicans don't want to do anything to increase the deficit, but they are willing to make it shoot up by 1.5 trillion dollars so that millionaires can get much more money. If this tax cut is enacted America will become an Aristocracy and you can kiss your rights, freedoms, and standard of living goodbye because they will have all the money and power instead of just most of it.

fred.stlouisfed.org...

You do understand that those profits are for the shareholders who have invested in the company? I also presume you understand that the shareholders can be anyone from your next door neighbor with a few shares to someone with a 401k or institutional investors like pension funds?

I always find these threads funny when people don't realize they want to cut their nose off to spite their face. The very people complaining are probably benefiting from these obscene profits but to ignorant to even know it.

a reply to: CB328

Executive bonuses must be going down

a reply to: CB328

so Why do They Need a Tax Cut?

To maximize those Huge corporate profits.

originally posted by: FyreByrd

originally posted by: SgtHamsandwich
a reply to: CB328

What is your solution to this?

What would you like to see done?

What would you like to see done?

I would like to see the OP answer a question.

a reply to: CB328

We are told (fed) that the corps move jobs over seas because of the high corporate taxes.

Of course corps like Nike will move manufacturing from Malaysia to the US if only they could. BS, there is no environmental rules in Malaysia, little worker protections and of course when you pay your valued employees pennies on the dollar in wages compared to the US, there is no way we will see a reversal of manufacturing leaving the us.

The only thing that tax cuts will do is increase profits. But very very few manufactures are going to stop exploiting 3rd world workers to make garbage for 1st world nations.

a reply to: CB328

What is your idea of a reasonable amount of profit?

originally posted by: SgtHamsandwich

originally posted by: FyreByrd

originally posted by: SgtHamsandwich
a reply to: CB328

What is your solution to this?

What would you like to see done?

What would you like to see done?

I would like to see the OP answer a question.

OP rarely if ever participates in his own threads. More of a cut and run thread maker.

originally posted by: caterpillage

originally posted by: SgtHamsandwich

originally posted by: FyreByrd

originally posted by: SgtHamsandwich
a reply to: CB328

What is your solution to this?

What would you like to see done?

What would you like to see done?

I would like to see the OP answer a question.

OP rarely if ever participates in his own threads. More of a cut and run thread maker.

Hard to lose an argument that way.

a reply to: Edumakated

Not all corporations are publicly held and/or have outside shareholders/investors.

In fact, there is a far far higher percentage of incorporated businesses that are 100% privately owned, funded, and operated, than not.

The various government entities profit a lot more on my corporation than the stock holders do. No risk, all rewards, it's the government way.

a reply to: CB328

Huge corporate profits -- so why do they need a tax cut?

They don't. Obviously. But it's far more than just greed... it's about power and control over the masses.

I posted the following in this thread, but it's just as appropriate for this thread:

We're being conditioned to be corporate slaves who live to work and serve government interests... not sovereign citizens who work to live and serve their own interests. From where I'm sitting, there are three things that must be done to return the balance of power to the citizen:
1. End incorporation charters -- there is absolutely nothing "free" market about special entitlements and privileges granted by government to legal fictional entities. At the very least, reform the process to benefit the people.
2. End the income tax on personal earned income. The fruits of our labor -- our blood, sweat, and tears -- is ours and ours alone. The government has no right to demand they get paid first, or that we must jump through any of their hoops (permits, licenses, certifications, etc.) to make a living and a life for ourselves.
3. Free vocational education for all students so they are prepared to make a living for themselves as adults.

Empowering the people to be as independent, self-sufficient and resourceful as possible is the only way to return the power to the people. When people can take care of themselves, they don't need government -- or anyone.

a reply to: Edumakated

I always find these threads funny when people don't realize they want to cut their nose off to spite their face. The very people complaining are probably benefiting from these obscene profits but to ignorant to even know it.

Hmmmm... fair enough I suppose... I find it quite pitiable when people don't realize they're selling their soul for a few pennies... and outright contemptible when they do realize it and do it anyway. Especially because the very people gleefully counting their profits probably don't realize they'll disappear with the next market "correction."

Not everyone is so superficial and easily impressed with all that glitters.

BECAUSE the Federal tax rate for corporations is among the HIGHEST of any country at 35%. If you want productivity to rise, you cut taxes. Who do you think actually pays "corporate taxes"????? We do. Raise corporate taxes and the price of the product goes up a like amount. Pretty simple, really. When you raise taxes the government gets bigger. The government has never met a tax it doesn't like.

They don't and if they fail, let them fail because new, better companies that know how to generate profits will take their places.

a reply to: CB328

First off we basically have the highest corporate rate in the world. Higher than all your socialist havens. If you are really so naive as to think that does not have something to do with where companies incorporate you are not to bright. The most important provision of this tax plan is it will allow several trillion dollars to come back to the US from overseas.

Second, and far more importantly, the vast majority of businesses are small businesses, they employ the majority of workers, and are generally not making a lot of profit.

The corporate tax cut is seen as a good idea by just about all economists. Small businesses are the main engine of our economy. This cut will improve GDP growth dramatically, and will cause wages to rise.

Another thing, the proposed tax cut does lower taxes for the middle and lower classes in almost all cases. I am sick of the lie it does not. The only valid argument against this tax cut package is it could lead to running higher deficits. But depending on the growth rate achieved that is not even necessarily something that would happen.

originally posted by: Edumakated

originally posted by: CB328
I found this chart showing corporate profits for the last 70 years, and not surprisingly, corporate America has more money than at almost any point in HIstory. They are awash in money, so why would they possible need a tax cut at the cost of cutting government spending on public safety nets? The obvious reason is that Republicans wan't to destroy the middle and lower class. Normally the Republicans don't want to do anything to increase the deficit, but they are willing to make it shoot up by 1.5 trillion dollars so that millionaires can get much more money. If this tax cut is enacted America will become an Aristocracy and you can kiss your rights, freedoms, and standard of living goodbye because they will have all the money and power instead of just most of it.

fred.stlouisfed.org...

You do understand that those profits are for the shareholders who have invested in the company? I also presume you understand that the shareholders can be anyone from your next door neighbor with a few shares to someone with a 401k or institutional investors like pension funds?

I always find these threads funny when people don't realize they want to cut their nose off to spite their face. The very people complaining are probably benefiting from these obscene profits but to ignorant to even know it.

In MOST cases, increases in revenue do not equate to distributions to shareholders. Nor does it mean more funds are invested back into the company by R&D, employee wages and salaries, or capital expenditures. It goes to stock buybacks which does benefit the SMALL shareholder in the short term by increased stock price.

That artificial increase in stock value benefits primarily the C Suite (top executives) and large stock holders only. I'd say of all that value only about 5% builds wealth for small holders and that usually only in the short term.