It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
WASHINGTON – Corporate tax evasion has evolved into a virtual art form. Two-thirds of US corporations didn't pay so much as a dime in taxes between 1998 and 2005, exploiting a multitude of loopholes, according to a Congressional report.
Targeting corporations who evade taxes turned out to be quite the anti-austerity rallying cry in England, where a new prime minister is pushing painful cuts for working people.
Now, that same rallying cry is going out across the United States, where the anti-spending tea party movement has in recent years overshadowed the voices of those who want gover
Originally posted by SmedleyBurlap
Phun Phacts: Corporations are legally considered persons and yet are exempt from any of the laws that govern natural persons like you or I! That is equality at its finest.
Of course, the founding documents of the USA offer absolutely zero protection against corporations, which existed even at the time the Constitution was drafted. All MEN are created equal, but a corporation is not a man! They do enjoy all of the privileges of legal personhood, though.
Originally posted by MMPI2
I have to admit some confusion...
Corporations have never paid "taxes" like people do. They are not people.
A corporation is a business construct. It involves a name (i.e., Pepsico) and a number (usually a financial id #).
How would a name on some pieces of paper and an id # pay taxes?
I'd like to have a legit discussion about this.
Originally posted by sonofliberty1776
The only way a corporation could pay taxes is by cutting a part of it's gross receipts and giving that money to the government. We all agree on this, correct? So, I ask you then, who is really paying those taxes? Corporations are going to try to maximize profits, this is a given. They will see taxes as an "expense", a cost of doing business. As with all other costs associated with doing business, the corporation will attempt to recover those costs. How will they do this? They will pass the cost, ie the taxes, along to the purchaser of their product/service in the form of higher prices. Thus I ask again, who is actually "paying" those corporate taxes???????
Originally posted by WeRpeons
...And they'll start whining if they have to pay taxes they won't be able to stay in business, or they'll have massive layoffs. Who cares, they're already moving all their manufacturing facilities overseas and probably hiding profits in some Swiss bank account. In the mean time...the average worker on measly pay just rolls over and pays, pays, pays. Some clueless workers will continue to argue for corporations and no regulations while we get screwed. We have power in numbers yet we keep on bending over and taking it where the sun don't shine.
I suspect your post will attract an army of corporate sock-puppets to defend their practices, who will call the idea of corporations having to pay their fair share "socialism", "communism", or "spread the wealth". Obviously the people behind this movement must be "Liberals", "Socialists/Communists", or "union thugs". (they won't let the tag "non-partisan" fool them!)
Originally posted by HunkaHunka
reply to post by ProtoplasmicTraveler
Im with you.... If business would sign contracts keeping business here, then and only then could they get tax breaks... Otherwise no...
The other thing is that we need to make enough businesses that we outnumber the giant corporations.
I suspect your post will attract an army of corporate sock-puppets to defend their practices, who will call the idea of corporations having to pay their fair share "socialism", "communism", or "spread the wealth". Obviously the people behind this movement must be "Liberals", "Socialists/Communists", or "union thugs". (they won't let the tag "non-partisan" fool them!)
Originally posted by sonofliberty1776
The only way a corporation could pay taxes is by cutting a part of it's gross receipts and giving that money to the government. We all agree on this, correct? So, I ask you then, who is really paying those taxes? Corporations are going to try to maximize profits, this is a given. They will see taxes as an "expense", a cost of doing business. As with all other costs associated with doing business, the corporation will attempt to recover those costs. How will they do this? They will pass the cost, ie the taxes, along to the purchaser of their product/service in the form of higher prices. Thus I ask again, who is actually "paying" those corporate taxes???????
LOL, would you care to point out the part of this post that is false? How do you think a "fictional person" would pay taxes?
Originally posted by inkyminds
Originally posted by sonofliberty1776
The only way a corporation could pay taxes is by cutting a part of it's gross receipts and giving that money to the government. We all agree on this, correct? So, I ask you then, who is really paying those taxes? Corporations are going to try to maximize profits, this is a given. They will see taxes as an "expense", a cost of doing business. As with all other costs associated with doing business, the corporation will attempt to recover those costs. How will they do this? They will pass the cost, ie the taxes, along to the purchaser of their product/service in the form of higher prices. Thus I ask again, who is actually "paying" those corporate taxes???????