*splutter* - Democratic Underground

Arkana

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Tue Apr-06-04 11:05 AM
Original message

*splutter*

Joanne Allen just said that 60% of US corporations didn't pay taxes between 1996 and 2002! Is this true?

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La Lioness Priyanka

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Tue Apr-06-04 11:07 AM
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1. yes

corporate welfare is HUGE! but since the money goes to rich white men no one cares

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MSgt213

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Tue Apr-06-04 11:08 AM
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2. Yes it's true I posted the story earlier today.

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maddezmom

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Tue Apr-06-04 11:10 AM
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3. here's a link from DU

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=104x1352401

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Mountainman

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Tue Apr-06-04 11:12 AM
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4. What percentage of corporations make a profit

This number may be misleading since corporations who do not make a profit do not pay taxes and of they had a loss in prior years they can carry it forward to offset current taxes.

I would like to see the percentage of profitable corporations that do not pay taxes.

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librechik

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Tue Apr-06-04 11:20 AM
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5. yup, and the portion that pays will shrink

once the Pukes get their hands on the Alternative Minimum Tax--they'll switch most of that burden onto the backs of the middle class. That provision was INVENTED to catch corporations who got away with paying no taxes. But gradually Reagan's buddies have changed their idol's original idea into a big joke.

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MI Cherie

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Tue Apr-06-04 11:22 AM
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6. Didn't some companies ...

... like ENRON even get tax refunds?

Big, profitable companies get lots of tax dollars to advertise or move their operations overseas, too.

Why doesn't everyone know and care about this? This is outrageous!

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maggrwaggr

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Tue Apr-06-04 11:34 AM
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7. and Kerry wants to give them a tax break for keeping jobs here?

how the hell is that gonna work if they're not paying taxes in the first place.

Oh, wait. It's called a "bribe".

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