Who's not paying any taxes?

**luv2read** · 08-25-2008, 08:36 PM

The Earlybird: Headlines
NationalJournal.com August 12, 2008

"Most U.S. corporations and foreign companies doing business in the United States pay no federal income tax, according to a new report from Congress," AP reports. "The study by the Government Accountability Office, expected to be released" today, "said two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, and about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period."

**Silverbird** · 08-25-2008, 08:58 PM

How much are they paying in payroll related taxes?

**luv2read** · 08-25-2008, 09:18 PM

Originally Posted by Silverbird

How much are they paying in payroll related taxes?

The same as I am?

**Show-me** · 08-25-2008, 09:19 PM

Originally Posted by Silverbird

How much are they paying in payroll related taxes?

Exactly! Charging taxes to companies is just "embedding" additional taxes on the people that are buying the finished goods. Get real folks!

U.S. cooperate tax rate is the second highest in the world. Make it the lowest in the world and you will offset the labor cost considerably. Who's number one? Japan, and look what it has done to their economy.

GO FAIRTAX!

**Show-me** · 08-25-2008, 09:36 PM

Why would a company want to pay any more taxes than a individual?

Am I greedy because I used the massive, BS, tax code to limit my tax liability? NO!

Are seniors that retire to retirement income friendly States greedy because they want to keep more of their money? NO!

I paid almost no Federal tax for 2006 and only about $700 for 2007. That does not make me greedy or poor, just more willing than most to live cheaper to avoid pay a ton to a government that will **** it away.

Git rid of the tax code and tax people on what they spend. That will include prostitutes, drug dealer, criminals, undocumented workers, etc. Those people don't fill a return on their income. It would fairly tax anyone who decided to spend their money on crap they probably don't need anyways.

Sorry if it sounds like a rant, but IF you want jobs to start coming back to America you got to make it worth while for companies to do it. If you want to fairly tax a guy that makes too much of a CEO salary and spends it on a $10,000 shower curtain. Charge him 23% Federal FairTax on the shower curtain.

**Silverbird** · 08-25-2008, 10:17 PM

Ah, yes, consumption taxes. I like them because like your local sales tax, you get instant sticker shock. It also encourages savings.

**Show-me** · 08-25-2008, 10:27 PM

Originally Posted by Silverbird

Ah, yes, consumption taxes. I like them because like your local sales tax, you get instant sticker shock. It also encourages savings.

Good point! We have built a system that encourages spending even if you have to borrow it to spend it.

**luv2read** · 08-26-2008, 05:11 AM

EXACTLY! Our parents and our generation grew up under a system that encouraged SAVING. The current system encourages SPENDING and it's partly responsible for the current situation. I read a wonderful article about this and I think it's posted, I'll have to see if I can find it.

**alevin** · 08-26-2008, 06:20 AM

YeehaH. I read the Fair Tax book a couple years ago, became a convert, passed it on to a friend with inherited family trust fund. Haven't asked him yet what he thinks of the idea, don't know if he's read it yet either. I have read some contra-indications somewhere in the past year tho that it wouldn't help the middle class the way I was thinking it would. don't recall the counter arguments against FT, think they were posted in a web forum or article or blog somewhere.

**Show-me** · 08-26-2008, 11:24 AM

Originally Posted by alevin

YeehaH. I read the Fair Tax book a couple years ago, became a convert, passed it on to a friend with inherited family trust fund. Haven't asked him yet what he thinks of the idea, don't know if he's read it yet either. I have read some contra-indications somewhere in the past year tho that it wouldn't help the middle class the way I was thinking it would. don't recall the counter arguments against FT, think they were posted in a web forum or article or blog somewhere.

Yes, I have determined that I would have to pay my fair share of taxes. That's ok if I don't have to buy tax software, keep receipts, worry about deadlines, etc. Bring it on!

**Viva La Migra** · 08-26-2008, 02:59 PM

Originally Posted by Show-me

If you want to fairly tax a guy that makes too much of a CEO salary and spends it on a $10,000 shower curtain. Charge him 23% Federal FairTax on the shower curtain.

Twenty-three percent seems kinda high for a national sales tax, don't you think? Ten percent should be plenty!