EvC Forum: Obama will not win a second term

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Topic: Obama will not win a second term

dronestar

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Message 172 of 311 (669154)
07-27-2012 3:01 PM

Reply to: Message 171 by New Cat's Eye
07-27-2012 2:40 PM

didn't pay a cent

CS writes:

And businesses pay their far share of taxes towards building that infrastructure.

"Fair share"? C'mon, CS, you already know this stuff . . .

quote:
Over Two-Thirds Of Corporations Pay No Federal Corporate Income Tax

According to a recent analysis of nearly 300 Fortune 500 companies by the Citizens for Tax Justice, the average company was paying just 18.3 percent in taxes -- a little more than half the official rate. And by using techniques like industry subsidies, stock option packages, and moving assets overseas where they can't be taxed, 30 companies mentioned in the report -- including Wells Fargo, Verizon, Boeing and General Electric -- didn't pay a cent in federal taxes in 2008, 2009 or 2010, the report found.

Over Two-Thirds Of Corporations Pay No Federal Corporate Income Tax | HuffPost Impact

This message is a reply to:
	Message 171 by New Cat's Eye, posted 07-27-2012 2:40 PM		New Cat's Eye has replied

Replies to this message:
	Message 174 by New Cat's Eye, posted 07-27-2012 3:20 PM		dronestar has replied

dronestar

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Posts: 1475

From: usa

Joined: 11-19-2008

Member Rating: 6.0

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Message 176 of 311 (669160)
07-27-2012 3:56 PM

Reply to: Message 174 by New Cat's Eye
07-27-2012 3:20 PM

Re: didn't pay a cent

CS writes:

I wanted to talk about what Obama meant, not really defend the ultimate accuracy of everthing I wrote in that post

You are writing "ultimate accuracy" like we are quibbling over symantic nuance. To confirmopposite to your previous assertiontoo many corporations do NOT pay their fair share of taxes.

CS writes:

what was the point Obama was making?

If you are not expecting Obama or us to really defend the ultimate accuracy of everything he stated in the video, then it seems you already understand the spirit of his assertions:

CS writes:

I agree that we all rely on the infrastructure that the government provides.

Yes, but to be extra clear, in addition to unfair reduced taxes, some corporation's success stem from subsidies or on-going corporate welfare. And many corporations use subsidized research and development originally meant for university studies and military projects for their success, e.g., velcro, microwaves, internet, etc

This message is a reply to:
	Message 174 by New Cat's Eye, posted 07-27-2012 3:20 PM		New Cat's Eye has replied

Replies to this message:
	Message 177 by New Cat's Eye, posted 07-27-2012 4:10 PM		dronestar has replied

dronestar

Member

Posts: 1475

From: usa

Joined: 11-19-2008

Member Rating: 6.0

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Message 180 of 311 (669164)
07-27-2012 4:30 PM

Reply to: Message 177 by New Cat's Eye
07-27-2012 4:10 PM

Re: didn't pay a cent

CS writes:

Do you really think his point had to do with corporate taxes and all that?

No, I added those points to help you see your general takeaway from his video was correct:

CS writes:

I agree that we all rely on the infrastructure that the government provides.

This message is a reply to:
	Message 177 by New Cat's Eye, posted 07-27-2012 4:10 PM		New Cat's Eye has replied

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	Message 182 by New Cat's Eye, posted 07-27-2012 5:06 PM		dronestar has not replied

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