Corporate Taxes
http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-washington-corporate-taxes_print.html
So not only do businesses not pay taxes but then they turn around and ask for tax payer provided stimulus money.
If you listen to the Republicans all they talk about is lowering the corporate tax rate to "create jobs". How do you lower it past zero. These companies pay nothing now. Then they take bailout money. Then they move all the jobs overseas. Meanwhile our government sits around twiddling their thumbs.
Obama isn't going to do sh*t to fix the problem. He is too busy smoozing these same top executives during his "jobs summit". The last people he is going to piss off are his corporate pals. Sure he pretends to be man of the people but in reality he would rather hang out with corporate royalty. The real people are just for photo ops.
Why does Big oil want to drill off the United States? Here is your answer.
"The oil companies are oddities among the multinationals because many of the oil-rich countries where they do business levy even higher taxes than the U.S."
"of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas."
It has nothing to do with need for supply. It simply has to do with the bottom line of Big Oil. Obama is only too happy to help out. Change we can believe in.
So not only do businesses not pay taxes but then they turn around and ask for tax payer provided stimulus money.
If you listen to the Republicans all they talk about is lowering the corporate tax rate to "create jobs". How do you lower it past zero. These companies pay nothing now. Then they take bailout money. Then they move all the jobs overseas. Meanwhile our government sits around twiddling their thumbs.
Obama isn't going to do sh*t to fix the problem. He is too busy smoozing these same top executives during his "jobs summit". The last people he is going to piss off are his corporate pals. Sure he pretends to be man of the people but in reality he would rather hang out with corporate royalty. The real people are just for photo ops.
Why does Big oil want to drill off the United States? Here is your answer.
"The oil companies are oddities among the multinationals because many of the oil-rich countries where they do business levy even higher taxes than the U.S."
"of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas."
It has nothing to do with need for supply. It simply has to do with the bottom line of Big Oil. Obama is only too happy to help out. Change we can believe in.
posted by res17 at
April 06, 2010
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