Cain says, move demonstrations to 1600 Pennsylvania avenue.

[mcwoodduck]

TM7-
Our corperate tax rate is up to 34% and the president is asking for it to go higher.  A corperation is a person under the tax law.  So the highest tax rates for people are the same for Corperations. 
Much like your time you would add up all of your costs to come up with a price.  Same with a coperation and the taxes are considered a cost.
So if you need to make $500 a week to cover your bills and over head, you want to have $25 a week for future growth and you are being taxed 50% and your investors want 10% profit. when you add all of your total taxes you need to charge $656 a week for your service or product. to keep it simple.  Adding taxes to your company are only going to raise your prices as you still need 500 to cover your fixed costs (labor, land, raw materials)  The extra is for future growth in case machines break, you want to move or upgrade.  That too is a form of profit and will be taxed at 50% so you need to charge 37.50 for it.

Investors are not guarranteed anything and this is explained in disclosure...lenders are, however. Corp taxes may be 34% on the books...surely none pay this rate..NONE. Investments in future  development or capital purchases are deductibles and even depreciable....
 
Apparently, you don't know the answer to my question:  what is % US Corp Tax received  to GDP..?
 
The answer is the lowest in the world...what does that mean.?
 
..TM7
.

Based on profits, what % are they paying in reality?

The profits do not take into account Payroll taxes, sales taxes, Fuel taxes, fees, fines, permits, and other forms of local and federal nickel and dimeing Government has to steeal our money.
All of these taxes are built into the Price of their good or service and asking for more tax dollars from the coperations forces them to do one of two things.  Raise prices, or cut workers and over head or both.  Raising taxes are going to have fewer jobs and will drive production off shore to places like China, Viet Nam, Cambodia, and other third world places where labor and land are cheap.  The local governments do not care about the enviroments.  But like most new green people as long as it is not in my back yard they don't care.

[billy_56081]

Darn it mcwoodduck those darn facts jumped right out in front of a lie again. How can these parasites be so stupid as to not understand that whatever taxes are levied upon a producer will be passed on the the CONSUMER! DUHH! DUHH! DUHH!

[Cabin4]

Facts about corp taxes. Proof that the liberals lie through thier teeth about what corporation really pay. They would lead us to beleive that they pay nothing/zero.
http://www.forbes.com/2011/04/13/ge-exxon-walmart-apple-business-washington-corporate-taxes.html
 
Entire report in link.
 
 
To see if GE was an aberration, we took a look at the 2010 annual reports of the 20 most profitable U.S. companies. Some of the results may surprise you. The average income tax rate within the group was 25.4%. America's three biggest oil companies, ExxonMobil ( XOM - news - people ), Chevron ( CVX - news - people ) and ConocoPhillips ( COP - news - people ), all endure income tax burdens of more than 40%--higher than the statutory U.S. rate of 35%. Exxon, with a 45% rate, tallied $21.6 billion in worldwide income taxes for 2010. Wal-Mart Stores ( WMT - news - people ) paid $7.1 billion (at a rate of 32.4%) in income taxes.
In Detail: What The Top 20 U.S. Companies Pay In Taxes
    All these tax burdens are higher than the average citizen pays. So where does General Electric ( GE - news - people ) stand? Contrary to what many in the public seem to think, the conglomerate did pay taxes in 2010. It reported $2.7 billion in cash tax payments during the year, and on its income statement lists a provision for income taxes of $1.05 billion. Considering GE's pretax income of $14.2 billion, that makes for a tax rate of just 7.4%. The only one of the 20 corporate giants with a lower rate was AT&T ( T - news - people ), at -6.4%--but that was only because MaBell won a tax settlement with the IRS that reduced its tax liability by $8.3 billion.

[Cabin4]

More lies by the Liberals. They would lead us to beleive that federal taxes are paid by those with the least ability to pay. They would also lead us to beleive that those making the most pay little. If fact, just the opposite is fully true. The numbers don't lie, only the mouths of these losers do that.
 
62% of all personal income tax comes from those making $200k or more per year. Another 24% comes from those making between $100k and $200k. That accounts for 86% of all personal income tax revenue. Those making under $100k make up the 14% differance.
 

 
 

[billy_56081]

So earning money is "loot"? 

[billy_56081]

Calling the producers looters. New speak! Good thing is most here challenge and expose the lies of the parasite class. It has a standard here at GBO to expose these lies and almost no one falls for them anymore.

[BUGEYE]

Billy, the liberals here forget about all the investers who fork over hard earned "loot" for stock and expect dividends on their investment.  the corps are supposed to hand over the profits to parasites who refuse to take responsibility for their own income.
it is COMMUNISM at its best.

[Cabin4]

I don't know anything about libber liers as you characterize, but I do know you can't get blood out of stone. So of course middle incomers are paying tax revenues, and of course higher incomers are paying more taxes because they are making more loot than ever...just logic. Now the real reason for this is the chart you didn't post, which is the % of corp taxes relative to total tax revenue..!  This would explain your complaint about tax shift to middle class. You might also post % corp tax to GDP for the USA relative to world data.
 
You might also post want to post percent income as 'Capital Gains' history which also explains shift to middle class wage earners.
 
..TM7

The corp tax issue has huge swings. Some corp are paying more than the highest 35% bracket and some are paying far less are no tax at all. Those are the loop hole issues and that’s what needs to be fixed. Bring the overall rate down to say 15% and make any business that turns a profit pay federal tax based on that. No 70 million page tax code full of corp purchased loop holes. Let’s get rid of the reason why so many lobbyists spend a career in Washington paying off politicians for favorable tax code legislation (loop holes).
 
Even a family of 4 earning 40K a year should pay something! They are using the system, they should pay even if its $200 a year. Let’s get them invested in how sound our government should be/operates and maybe couples will reconsider having 4 kids to begin with! Maybe they should only have 2 if they can't afford 4 kids. They can then pay more federal tax above my $200 example. They certainly are getting more!
 

[mcwoodduck]

TM7,
One thing you do not understand about a capital gain is the capital was started with POST tax money.  So if you saved up $1,000 and invested it in Apple 10 shares of apple stock and it goes to 100 a share.  Why should you pay as much on your gain when you used money that you earned and saved after taxes.  On the same side if you did not see a reward to your investing you would not invest.  So lets say in stead of Apple growing by 10 fold they only grow by 5%.  Your capital gains are $50.  and your Broker is going to charge you $7 a trade so you will get $43 and you pay taxes on the whole $50.  If the taxes and the fees eat up any potential gains then there is no reason to invest.  Investing is ownership in the company,  Pension funds, 401K plans, and Insurance policies all invest in you are asking that the Union Pension funds to make less for the hard working membership. 
When you think you are screwing the RICH fat cats in raising taxes you really may be screwing the little guy, the union member the retired teacher, police officer, and so forth that has their future tied to the stock market.
What do you think the pension fund is?  Ponzi scheeme, money in a savings account for you (even that is invested one way or another) or did you think they pension funds simply keptthe money in a desk draw for you and the growth of the money was due to a Ponzi scheeme of others paying for it and hoping members die early so as not to collect?  You need to stop drinking the class warfare coolaid. 
Corperations are not evil- they employ people and generate lasting jobs that help people move up economicly.
Pension funds, 401K, Insurance policies are all tied to the stock market.
The Stock market is a way to fund research into new products, medicines, and create new processes and jobs.
Profits create new products, innovation, and comitition that lowers prices, raises wages, and fosters investment into the economy.
 Killing it will hurt the little guy more than the fat cats.
Taxes are costs that are passed on in the Price of goods.
I know I have said these things to you before but some how no matter what we tell you you will believe the lies of the left and the communists.
Remember Government is not the answer, 90% of the time they are the PROBLEM!  Pick any recient problem and I cna show you where government got involved and made the company act contrary to normal business practices that caused the problem and you want more government introvention.  Einstien said crazy is doing the same thing over and expecting a different result.  If Governemnt laws, rules and regs caused the problem what makes you think that more rules, regs adn laws is going to fix it, and not make it worse?
 

[mcwoodduck]

mcwoodduck...
 
you don't pay taxes on your invested principle since you already payed tax on that...you pay taxes on earnings gained...this is money made from money, not work. and taxed at a lower rate cap gains generally speaking. Depending on your business structure or investment catergory you deduct trade costs. Moreover, tax shift politics has benefited the wealthier folks who now receive a much greater portion of income in form of bonuses (Bush allowed as cap gains), stock and options, etc...thus avoiding the tax rates common folks pay on wages. Because of this tax shift politics for top elite, more and more incentive is to 'bubble' up the value of a corp before bailing or scuttling it leaving the other stock holders holding the bag....like your 401k guys.  As you know one of the greatest detriments to investors is % admin fees on your accounts..
 
..TM7

If it is OK for liberals to set the tax laws to make companies do what they would not normally do, Encoutrage people buy things (rebates on Hybrid and electric cars for example), and to use different services (wind farms or solar energy that is cheaper due to tax dollars lowering the price) but it is not OK to use that same tax code to encourage savings or investment.  Savings and Investing both grow the economy.  Investing with the gambeling and saving buy having money to lend out.  Why shouldn't we reward you at a lower rate for helping?  Again other than savings investing is a risk and once the risk out weighs the reward, no one will risk any more or will want a greater reward.
I don't know what you do or did for a living but I am sure some how you benefited from someone else's investment or savings.  School teachers benefit from bonds to build schools, workers benefit form investment in stocks that build factories, distribution centers, mining companies, .... and on and on.  Very little is done with cash.  Apple and IBM and GBO would not be with out investors, investment bankers.  With out capital from some one's savings Steve Jobs would have been a strange man with two of his friends in a garage playing with electonics.  In stead he and the other two created Apple and Microsoft. that have spawned the whole internet and in turn GBO and Thousadns of other business on the internet using Computers, funded by investors. 
I am not sure if you are saying these things because you want us to lay out the facts and how finance works (I only know the basics) and make us think and hone our arguments, or if you are a leftist that thinks all outcomes should be equal no matter what work you put into a project and nothing we say can ever change your mind that Governmetn is the answer, people need to be controled, and anyone who has gone from rags to riches did it dishonestly and the fix was in.

[BUGEYE]

the person earning $40,000 per year and paying no income tax, actually has more buying power than I do.

[billy_56081]

It is as simple as this, anything else is a lie. Acme oil company produces one billion gallons of gasoline a year. They charge 3 billion dollars a year for that gasoline. Say the profit in this is 1.5 billion and half a billion of that profit is paid in the form of taxes and fees to the government. Now the tax on that billion gallons of gasoline is half a dollar a gallon. It is paid by the consumer not the producer. Maybe a simplified example but the truth.

[mcwoodduck]

the person earning $40,000 per year and paying no income tax, actually has more buying power than I do.

That would be your typical Illegal only the average is 30K with no taxes.  The guys on the corner or at Home Depot on average make 30K in cash a year and pay no taxes.  The only tax they are paying is property in rent.
But most here are on some form of hand out (food stamps, welfare, free lunch program, or other state funded program that far exceeds the small amount of property tax they contribute not to mention they ae sending their kids to the school.