Corporations tax rate 12.6%

Page 1 of 4 1234 LastLast
Results 1 to 15 of 53
  1. #1
    Registered User
    hoyle21's Avatar


    Join Date
    Apr 2011
    Gender
    Male
    Location
    in a van down by the river
    Age
    38
    Posts
    3,917

    Thanks Thanks Given 
    19
    Thanks Thanks Received 
    108
    Thanked in
    84 Posts
    Rep Points
    651077112


    Corporations tax rate 12.6%


  2. #2
    Is pure Awesomeness
    robbiek426's Avatar


    Join Date
    May 2011
    Gender
    Male
    Location
    Outside my head
    Posts
    1,187

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    0
    Thanked in
    0 Posts
    Rep Points
    135231536


    It should be even lower. If our government didn't have a spending problem we wouldn't need the corporate or income tax. Corporations would hire more and people would spend more. Economy fixed.

  3. #3
    Registered User
    hoyle21's Avatar


    Join Date
    Apr 2011
    Gender
    Male
    Location
    in a van down by the river
    Age
    38
    Posts
    3,917

    Thanks Thanks Given 
    19
    Thanks Thanks Received 
    108
    Thanked in
    84 Posts
    Rep Points
    651077112


    Quote Originally Posted by robbiek426 View Post
    It should be even lower. If our government didn't have a spending problem we wouldn't need the corporate or income tax. Corporations would hire more and people would spend more. Economy fixed.
    Why would they hire more? They aren't hiring now and profits are at all time highs.

  4. #4
    Is pure Awesomeness
    robbiek426's Avatar


    Join Date
    May 2011
    Gender
    Male
    Location
    Outside my head
    Posts
    1,187

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    0
    Thanked in
    0 Posts
    Rep Points
    135231536


    Quote Originally Posted by hoyle21 View Post
    Why would they hire more? They aren't hiring now and profits are at all time highs.
    Profits are high but in an uncertain economy we tend to save way more. Believe me, before any tax cuts are given to the corporations the income tax should be done away with first. Eventually it should settle between 5-7%. If our government would stop our foreign military interventionism and foreign aid we would have more than enough funds left to fix social security, balance our deficit in 10 years and let the private sector create more jobs.

  5. #5
    Senior Member
    ELITE MEMBER
    charley's Avatar


    Join Date
    Jan 2012
    Gender
    Male
    Location
    not here
    Posts
    8,940

    Thanks Thanks Given 
    625
    Thanks Thanks Received 
    278
    Thanked in
    196 Posts
    Rep Points
    2147483647



  6. #6
    Is pure Awesomeness
    robbiek426's Avatar


    Join Date
    May 2011
    Gender
    Male
    Location
    Outside my head
    Posts
    1,187

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    0
    Thanked in
    0 Posts
    Rep Points
    135231536


    I think strongly that the Federal government needs to shrink. Why should we have politicians from one state, one demographic telling us all the way across the country how we should live our lives in another demographic? I don't need rulers. We don't need a ruling class. Just give me absolute freedom and all will be well.

  7. #7
    Registered User
    heckler7's Avatar


    Join Date
    Nov 2010
    Gender
    Male
    Location
    ventura, ca
    Posts
    7,069

    Thanks Thanks Given 
    209
    Thanks Thanks Received 
    289
    Thanked in
    176 Posts
    Rep Points
    2147483647


    am I in open chat? I must be lost
    Aussies and Philadelphians are the only people here

  8. #8
    .45 ACP rules!


    Join Date
    Feb 2008
    Gender
    Male
    Location
    Michigan
    Age
    47
    Posts
    5,767

    Thanks Thanks Given 
    35
    Thanks Thanks Received 
    38
    Thanked in
    23 Posts
    Rep Points
    2147483647


    Quote Originally Posted by robbiek426 View Post
    Profits are high but in an uncertain economy we tend to save way more. Believe me, before any tax cuts are given to the corporations the income tax should be done away with first. Eventually it should settle between 5-7%. If our government would stop our foreign military interventionism and foreign aid we would have more than enough funds left to fix social security, balance our deficit in 10 years and let the private sector create more jobs.
    The private sector can create more jobs in a heartbeat. They choose not to. The economy is only uncertain because people are underemployed and underpaid. If corporations are unwilling to boost the economy by hiring and/or paying better they should be taxed more.
    Some mornings, it's just not worth chewing through the leather straps. - Emo Phillips

  9. #9
    big for a notbig


    Join Date
    Jan 2011
    Gender
    Male
    Location
    SLUMERICA
    Age
    27
    Posts
    2,411

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    0
    Thanked in
    0 Posts
    Rep Points
    290939732


    It will all be ok. The Fed will print more money if it gets too bad. GICH!
    Cumming day and night.

  10. #10
    Is pure Awesomeness
    robbiek426's Avatar


    Join Date
    May 2011
    Gender
    Male
    Location
    Outside my head
    Posts
    1,187

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    0
    Thanked in
    0 Posts
    Rep Points
    135231536


    Quote Originally Posted by Zaphod View Post
    The private sector can create more jobs in a heartbeat. They choose not to. The economy is only uncertain because people are underemployed and underpaid. If corporations are unwilling to boost the economy by hiring and/or paying better they should be taxed more.
    While I agree with what they could do we must take a step back and look at what we would do if we were the driving force in an investor driven corporation. Would we gamble at this point with inflation and an unstable market? Probably not unless we could truly afford to lose that kind of capital. I understand where you are coming from but not all of these guys are greedy elitist banker types. Some are 99%er's. They keep only 1% of their income and reinvest the rest into the markets. Not all are like that but some are. For example, the company I work for has 4 share holders and 2 of them apply the 99% method. I am sure they get some hefty tax break for reinvestment and that helps prevent them from getting taxed upon taking out their capital gains BUT my company has had 8 years of continuous growth and we are above the national average for yearly salary and live in a cheap area in terms of cost of living. Some company owners are good to go. On top of the business tax from the federal government, companies in Michigan used to pay up to 25% in state taxes as well. That is pretty unacceptable and drives companies out of an area. All you have to do is look at the auto industry in Michigan where there was a progressive corporate tax with the Michigan Business tax. This was implemented off the idea that Michigan could live only off of taxes brought in by the big 3. This was only the case for 10 years! The auto industry actually moved across the border to Canada and Mexico just to save money. We recently did away with the MBT and the industry is slowly returning back to the state. Like I said before, if government wasn't so big and spent what revenue they brought in wisely, we wouldn't need these outrageous taxes on the individual or the corporation. The US govnt at the federal level brings in over 3 trillion a year in revenue but we still some how have a large deficit. If we cannot live within our means at 3 trillion dollars a year revenue then no amount will ever sustain us. This is an indication that the government will continue its tax and spend ways and will continually spend and find ways to spend any revenue that does come in. BTW, I am having a great time discussing this with you guys! Nice to have a conversation without things getting hostile.

  11. #11
    Registered User


    Join Date
    Jan 2011
    Gender
    Male
    Location
    United States
    Posts
    1,663

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    0
    Thanked in
    0 Posts
    Rep Points
    106134092


    Quote Originally Posted by Zaphod View Post
    The private sector can create more jobs in a heartbeat. They choose not to. The economy is only uncertain because people are underemployed and underpaid. If corporations are unwilling to boost the economy by hiring and/or paying better they should be taxed more.
    It is not a corporation's job to hire more people unless that benefits the corporation. People are hired to produce money for the corporation. If you had a lawn service business with one employee would you hire another employee before you needed him just to "boost the economy?" If not, should your little corporation be "taxed more?"

  12. #12
    Registered User


    Join Date
    Jan 2011
    Gender
    Male
    Location
    United States
    Posts
    1,663

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    0
    Thanked in
    0 Posts
    Rep Points
    106134092


    And what was your EFFECTIVE income tax rate last year (note - NOT bracket rate)? My effective rate was in the single digits, even though I was in the 28% bracket if you look at just income. Articles like this are misleading if people do not consider everything involved.

  13. #13
    Is pure Awesomeness
    robbiek426's Avatar


    Join Date
    May 2011
    Gender
    Male
    Location
    Outside my head
    Posts
    1,187

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    0
    Thanked in
    0 Posts
    Rep Points
    135231536


    Quote Originally Posted by malfeasance View Post
    It is not a corporation's job to hire more people unless that benefits the corporation. People are hired to produce money for the corporation. If you had a lawn service business with one employee would you hire another employee before you needed him just to "boost the economy?" If not, should your little corporation be "taxed more?"
    This guy has read Ayn Rand. ^^^^^

  14. #14
    .45 ACP rules!


    Join Date
    Feb 2008
    Gender
    Male
    Location
    Michigan
    Age
    47
    Posts
    5,767

    Thanks Thanks Given 
    35
    Thanks Thanks Received 
    38
    Thanked in
    23 Posts
    Rep Points
    2147483647


    Quote Originally Posted by malfeasance View Post
    It is not a corporation's job to hire more people unless that benefits the corporation. People are hired to produce money for the corporation. If you had a lawn service business with one employee would you hire another employee before you needed him just to "boost the economy?" If not, should your little corporation be "taxed more?"
    Would it not benefit the corporation to help increase the economy?
    Some mornings, it's just not worth chewing through the leather straps. - Emo Phillips

  15. #15
    .45 ACP rules!


    Join Date
    Feb 2008
    Gender
    Male
    Location
    Michigan
    Age
    47
    Posts
    5,767

    Thanks Thanks Given 
    35
    Thanks Thanks Received 
    38
    Thanked in
    23 Posts
    Rep Points
    2147483647


    Quote Originally Posted by robbiek426 View Post
    This guy has read Ayn Rand. ^^^^^
    Ayn Rand was a moron and a hypocrite.
    Some mornings, it's just not worth chewing through the leather straps. - Emo Phillips

Similar Threads

  1. Replies: 9
    Last Post: 03-30-2013, 02:59 PM
  2. Replies: 0
    Last Post: 03-09-2013, 09:23 PM
  3. False: Evil corporations are hoarding piles of cash.
    By Big Pimpin in forum Anything Goes
    Replies: 6
    Last Post: 12-01-2011, 07:06 PM
  4. Replies: 1
    Last Post: 04-14-2011, 08:05 PM
  5. Replies: 1
    Last Post: 04-16-2009, 12:36 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Copyright© 2001-2017 IronMag® Bodybuilding Forums