Microsoft admits to dodging $29B in taxes. Yes, billion with a B.

[thx1139]

Baalzamon said:

overman1 said:

Do you know the amount of tax cut these fuckers get? 

The amount they take out of the country?

the profits they make from outsourcing jobs to less priviledged countries? 

Do you know that the average investor's cut NEVER changes regardless of what the company performs?

What the hell do you think happened to GM in 2008? 

Who had to bail them out? Too big to fail? that ever rings a bell?

Bain Capital who recieves a tax cut of over 30% in 2011? Where they hell do you think they ship their money too?

Do you honestly think Big Business in the America right now gives a flying f!@# about the average citizen?

the goverment is definitely not perfect but, Jesus Christ, dont think all these CEO arent think about twisting every last dime off us...

I don't see a single valid reason in there for why corporations should be taxed. The only slightly justified one is the bailout, but the federal government actually MADE money on that, so that kinda makes it a moot point.

Isn't the justification of a tax based on the idea that you have the opportunity to vote? Because I don't care how much money corporations throw at a political agenda, they still can't actually vote.

That put aside, what do you think would happen if corporations weren't taxed? I'll give you a hint, their net income would be higher. And when a corporation has higher net income, investors in the corporation make more money. When these investors make more money, they then have to pay taxes on that money (and I do believe capital gains should be taxed at the same rate as regular income assuming no corporate taxes).

Getting rid of corporate taxes does not give the government any less money...at all.

I actually believe that corporations shouldnt pay taxes, because taxes ultimately go back to consumers, but and it is a big but. I wont support this because I dont believe 1 iota that corporations would pass on the savings to consumers or pay there employees higher wages. They would simply boost executive salaries, bonuses, benefits and perks. Then pass on to investors.  All at the same time spending more money on lobbyists to influence tax law so the same people they are boosting incomes would ultimately have more tax cuts.