The current United States tax code allows some of the biggest company names in the country to not pay any federal corporate income tax.
What's more, it is entirely legal and within the parameters of the tax code that corporations can end up paying no federal corporate income tax, which costs the U.S. government billions of dollars in lost revenue. The 55 corporations cited by ITEP would have paid a collective total of $8.5 billion. Instead, they received $3.5 billion in tax rebates, collectively draining $12 billion from the U.S. government, according to the institute. The figures don't include corporations that paid only some but not all of these taxes.
LOLLOLLOL Of course CORRUPTION
How many people do they employ and how much income tax do the employees pay?
reason why wealthy vote republican
Ridiculous
Anyone making over 5 Million will pay 25% FLAT TAX (no loopholes in tax code) Anyone making under 5 Million will pay 10% FLAT TAX (again no loop holes)
Why haven’t democrats fixed this? Guess
The top one percent pay near 40 percent of federal taxes. Poor people should stop bitching. The rich people are funding your free government diaper changing programs, while you contribute nothing. Takers. A bunch of grifting, useless “victims.”
It also allows more the 50% of the population to not pay also.
Wait, so why are legal US cannabis companies stuck paying an effective tax rate of 70 percent again if everyone else gets to dodge paying taxes? deschedulecannabis end280E
nuts
Flat tax is needed
Big companies with pricing power do not pay taxes. It’s just another cost of doing business. Consumers pay the taxes. More taxes on big business is just more tax you have to pay. Don’t be fooled.
No surprise as they have mastered the revolving door system 🙃 Just tax the new illegal immigrants and you will fill the hole.
Because we have become fond of government “incentives”. Perhaps do away with all of them. All.
If NBC is against it ,,,,I support it.
And what would the Federal Government do with that tax money if it were collected? Send it overseas in the name of dEMoCrAcY? The problem isn’t collecting taxes it’s how our tax money is wasted. If we were all taxed 100% we’d still run a deficit
An indirect way telling these corporations stand with us( democrats) in ' everything' we will do all possible to help you
Who wrote this? It never mentioned reinvestment of those profits or job creation or infrastructure they helped build. It doesn't even mention charitable contributions! If a company has 500,000 earners cashing paychecks, they're doing their part.
There should be a corporate minimum tax. There should be a corporate maximum tax. They should be exactly the same number. Somewhere in between 15-18%. Higher than that and we lose competitiveness and jobs go overseas.
Vg
Ghc
Crooks. If we want gun control boycott corporate america and buy nothing that is not a necessity. They control enough politicians to get almost anything passed if they want it.
V nice
So if we impose a 20% tax that all corporations have to pay, would that mean the government owns a 20% non controlling interest in every company? Asking for a friend if the two ideas are similar
A travesty
Size does not equate to profitability. When did CNBC cease being a legit news organization?
And BLM to that list 100 million dollars, using some to buy themselves Manson's but never pays taxes and never investigated
And look at that… all liberal led…
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