Effective corporate tax rates

[Ulaven_Demorte]

From 2008 - 2012, Boeing paid an effective U.S. tax rate of -1% on $20.4 billion in profits.
But that's chicken feed.

Pepco Holdings paid an effective U.S. tax rate of -33% on $1.7 billion in profit from 2008-2012.

PG&E paid an effective rate of -16.7% on $7 billion in profit.

NiSource paid an effective rate of -13.6% on a profit of $2.5 billion.

Wisconsin Energy (Hi Scott Walker!) -13.5% on $3.2 billion in profits.

General Electric: -11.1% on $27.5 billion in profits.

But our corporate tax rates are "too damned high!"

 

[JAMESBJOHNSON]

All donate to Hillary.

 

[trysail]

From 2008 - 2012, Boeing paid an effective U.S. tax rate of -1% on $20.4 billion in profits.
But that's chicken feed.

Pepco Holdings paid an effective U.S. tax rate of -33% on $1.7 billion in profit from 2008-2012.

PG&E paid an effective rate of -16.7% on $7 billion in profit.

NiSource paid an effective rate of -13.6% on a profit of $2.5 billion.

Wisconsin Energy (Hi Scott Walker!) -13.5% on $3.2 billion in profits.

General Electric: -11.1% on $27.5 billion in profits.

But our corporate tax rates are "too damned high!"

Show your source.

Show your math.

Show us that you have the slightest clue of what you're talking about ('cause I very much doubt you have any inkling of tax accounting and concepts such as deferred taxes or tax loss carry-forwards or the difference between financial accounting and tax accounting).

In fact, I think you're basically a gullible idiot who can be made to believe and regurgitate almost anything.


​

 

[Ulaven_Demorte]

Show your source.

Show your math.

Show us that you have the slightest clue of what you're talking about ('cause I very much doubt you have any inkling of tax accounting and concepts such as deferred taxes or tax loss carry-forwards or the difference between financial accounting and tax accounting).

In fact, I think you're basically a gullible idiot who can be made to believe and regurgitate almost anything.


​

You think. You want.
Shoot the messenger rather than try to rebut any of the claims, typical.

It's not difficult to find this information. In fact it was all compiled from IRS tax records. All laid bare right here.

 

[eyer]

From 2008 - 2012, Boeing paid an effective U.S. tax rate of -1% on $20.4 billion in profits.
But that's chicken feed.

Pepco Holdings paid an effective U.S. tax rate of -33% on $1.7 billion in profit from 2008-2012.

PG&E paid an effective rate of -16.7% on $7 billion in profit.

NiSource paid an effective rate of -13.6% on a profit of $2.5 billion.

Wisconsin Energy (Hi Scott Walker!) -13.5% on $3.2 billion in profits.

General Electric: -11.1% on $27.5 billion in profits.

But our corporate tax rates are "too damned high!"

"our"?

You're a two-bit cuckold whose joy occurs only when you're on your knees...

...slurping-up your Sex Offender's creampie.

"our" is over, wannabe...

...better start getting totally used to only your.

 

[Ulaven_Demorte]

Poor old one-note, always wrong, Eyer the Liar.

Still nursing that bruised ego huh?

 

[trysail]

You think. You want.
Shoot the messenger rather than try to rebut any of the claims, typical.

It's not difficult to find this information. In fact it was all compiled from IRS tax records. All laid bare right here.

Okay, genius, tell us why the use of accelerated depreciation defers taxes.


Tell us why employee compensation shouldn't be a tax deduction.


Tell us why G.E. had large taxable losses in the years 2008-2012?


Tell us why PEPCO had a low effective tax rate in the years 2008-2012.


Tell us why managers (who have a fiduciary duty to their shareholders) shouldn't shift as much income as (legally) possible to lower tax countries?


Tell us why managers (who have a fiduciary duty to their shareholders) shouldn't (legally) minimize taxable income in higher tax rate countries?



​

 

[2bnot2b]

You think. You want.
Shoot the messenger rather than try to rebut any of the claims, typical.

It's not difficult to find this information. In fact it was all compiled from IRS tax records. All laid bare right here.

The PP video makers should be in JAIL

 

[2bnot2b]

All donate to Hillary.

bingo!

 

[VaticanAssassin]

A: bullshit numbers.
B: tax code not rate is the problem
C: you are as capable of free thought as a rock

 

[2bnot2b]

A: bullshit numbers.
B: tax code not rate is the problem
C: you are as capable of free thought as a rock

A True

B True

C True


Dont insult rocks

 

[Ulaven_Demorte]

Okay, genius, tell us why the use of accelerated depreciation defers taxes.


Tell us why employee compensation shouldn't be a tax deduction.


Tell us why G.E. had large taxable losses in the years 2008-2012?


Tell us why PEPCO had a low effective tax rate in the years 2008-2012.


Tell us why managers (who have a fiduciary duty to their shareholders) shouldn't shift as much income as (legally) possible to lower tax countries?


Tell us why managers (who have a fiduciary duty to their shareholders) shouldn't (legally) minimize taxable income in higher tax rate countries?



​

You can read, I assume. I posted a link to every piece of information you're asking for.

But at least you admit that they are hording their profits overseas in order to avoid paying the taxes they should owe.

 

[Ulaven_Demorte]

A: bullshit numbers.
B: tax code not rate is the problem
C: you are as capable of free thought as a rock

Easy things to say, then cut and run.

The tax code is exactly the problem, it allows effective negative tax rates.

You're your father's son.

 

[BotanyBoy]

Easy things to say, then cut and run.

The tax code is exactly the problem, it allows effective negative tax rates.

You're your father's son.

I was about to wonder what the fuck that negative taxation was, corporate welfare? Money we sent?


Aslo a basic problem with this is you're thinking of a company like an individual's finances...

That is to say, corporations don't pay taxes, they collect them from consumers....so next time you say 'corporate taxes' say consumer taxes....because that's what it is.

 

[trysail]

You can read, I assume. I posted a link to every piece of information you're asking for...

But you can't (obviously). You haven't answered a single question.

Not one.

Okay, genius, tell us why the use of accelerated depreciation defers taxes.


Tell us why employee compensation shouldn't be a tax deduction.


Tell us why G.E. had large taxable losses in the years 2008-2012.


Tell us why PEPCO had a low effective tax rate in the years 2008-2012.

Until you respond to these questions, we are obliged to assume you're talking out of your ass.



​

 

[VaticanAssassin]

Easy things to say, then cut and run.

The tax code is exactly the problem, it allows effective negative tax rates.

You're your father's son.

If you know tax code is the problem, then why you still a democrat sheep?

 

[Adre]

If you know tax code is the problem, then why you still a democrat sheep?

This seems to imply the Republicans have done something significant about the tax code recently.

 

[VaticanAssassin]

This seems to imply the Republicans have done something significant about the tax code recently.

Nope...because democrats block a simplification every-time while adding a few thousand pages.

 

[Ulaven_Demorte]

I was about to wonder what the fuck that negative taxation was, corporate welfare? Money we sent?


Aslo a basic problem with this is you're thinking of a company like an individual's finances...

That is to say, corporations don't pay taxes, they collect them from consumers....so next time you say 'corporate taxes' say consumer taxes....because that's what it is.

Yes, it's possible for a corporation to have a negative tax debt because of subsidies and tax credits as well as sheltering their profit in offshore subsidiaries.

You're thinking of sales tax, I'm talking about corporate income taxes on profits. The argument that a corporation just passes along it's tax burden to consumers is a fallacy.

Actually they don't -- because they can't.

This assertion is based on a popular assumption that businesses can just raise prices whenever they want to. But a well-run business is already charging what they should charge for their product or service. If they have room to raise prices they should already have done so. But of course doing so this will cause them to lose sales to competitors.

Taxes are on profits, and profits are calculated at the end of a tax year by adding up all the revenue and subtracting all the costs. When a product or service is sold the company doesn't really know yet how much profit, if any, it will have at the end of the year, so it doesn't know what the tax will be, so how can it adjust prices? But if a company was able to just raise prices based on anticipation of profits, then the result would be that profits would be higher because of the higher price charged, which means taxes would be even higher, so the company should have raised prices even more, but that means the profit would be even higher, so they have to go back and charge more, but then ... I think you are starting to see how silly this idea of raising prices to cover taxes can get.

I've heard the argument that Corporations don't pay taxes because they aren't people. After the Citizen's United decision this argument can no longer be used. If they are to be granted the same rights as people, then they should have the same responsibilities right? Fair is fair.

 

[Ulaven_Demorte]

But you can't (obviously). You haven't answered a single question.

Not one.







Until you respond to these questions, we are obliged to assume you're talking out of your ass.



​

You can assume anything you want. The fact remains that the answers to all of the questions you asked are in the material I provided to you. I'm not in the mood to regurgitate it all for you baby bird. Go fucking read.

 

[Ulaven_Demorte]

Nope...because democrats block a simplification every-time while adding a few thousand pages.

When was the last time the GOP suggested simplification of the tax code that wasn't a huge cluster fuck that would decimate the economy?

I won't hold my breath waiting for an answer.

 

[BotanyBoy]

Yes, it's possible for a corporation to have a negative tax debt because of subsidies and tax credits as well as sheltering their profit in offshore subsidiaries.

So it's not REALLY a negative, it's just taxes we should have collected but didn't?

Or did we actually give them money?

You're thinking of sales tax, I'm talking about corporate income taxes on profits. The argument that a corporation just passes along it's tax burden to consumers is a fallacy.

Really? Then who else is giving the corporation money?

Ciggs, booze, pot, electricity and gasoline all blow the rest of the shit you wrote down out of the water.

 

[Ulaven_Demorte]

So it's not REALLY a negative, it's just taxes we should have collected but didn't?



Really? Then who else is giving the corporation money?

Ciggs, booze, pot, electricity and gasoline all blow the rest of the shit you wrote down out of the water.

No it actually turns out to be a negative in a lot of cases. Subsidies outweigh the tax burden and the corporation ends up making more than they would have owed.
from the previous link:
One hundred and eleven of the 288 companies (39 percent of them) paid zero or less in federal income taxes in at least one year from 2008 to 2012.

 

[Adre]

Nope...because democrats block a simplification every-time while adding a few thousand pages.

Gee, I recall a time when Pubs held the Oval and both houses.

 

[Ulaven_Demorte]

Recommendations for Reform from the previously linked study.

• Congress should repeal the rule allowing American multinational corporations to indefinitely “defer” their U.S. taxes on their offshore profits. This reform would effectively remove the tax incentive to shift profits and jobs overseas.

• Limit the ability of tech and other companies to use executive stock options to reduce their taxes by generating phantom “costs” these companies never actually incur.

• Having allowed “bonus depreciation” to expire at the end of 2013, Congress could take the next step and repeal the rest of accelerated depreciation, too.

• Reinstate a strong corporate Alternative Minimum Tax that really does the job it was originally designed to do.

• Require more complete and transparent geography-specific public disclosure of corporate income and tax payments than the Securities and Exchange Commission’s regulations currently mandate.