Is It Right That Some Major Corporations Pay NO Income Taxes?
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Is It Right That Some Major Corporations Pay NO Income Taxes?
| Thu, 11-03-2011 - 11:07pm |
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The tax code needs to be overhauled and loopholes need to be closed, although with lobbyists besieging elected representatives and too often actually writing legislation, those changes are likely to be slow in coming.......if they come at all.
Seems that more and more of us are frustrated by what we see as NOT "government of the people, by the people, for the people"; but "business as usual". I wonder what Abe Lincoln would have made of today's political
I know little of the tax code, and can't understand this. How can a corporation, or anyone, have a negative tax rate?
What, you guys aren't buying that if we charge these companies taxes they won't create jobs? That's what I keep hearing. That if we charge them taxes, then they'll take all their marbles to a foreign country (oops, already do don't they) and not hire Americans. So, we are supposed to accept these tax inequities because of the threat of people losing jobs. You know.....PEOPLE WHO PAY TAXES!!!