Liberal Forum

jerrab » 19 Mar 2024, 9:49 am » wrote: ↑

19 Mar 2024, 9:49 am

his continues a decades-long trend of corporate tax avoidance by the biggest U.S. corporations, and it appears to be the product of long-standing tax breaks preserved or expanded by the 2017 Tax Cuts and Jobs Act (TCJA) as well as the CARES Act tax breaks enacted in the spring of 2020.The tax-avoiding companies represent various industries and collectively enjoyed almost $40.5 billion in U.S. pretax income in 2020, according to their annual financial reports. The statutory federal tax rate for corporate profits is 21 percent. The 55 corporations would have paid a collective total of $8.5 billion for the year had they paid that rate on their 2020 income. Instead, they received $3.5 billion in tax rebates.Their total corporate tax breaks for 2020, including $8.5 billion in tax avoidance and $3.5 billion in rebates, comes to $12 billion.

Corporate taxation is double taxation.  
 

jerrab » 19 Mar 2024, 9:49 am » wrote: ↑

19 Mar 2024, 9:49 am

his continues a decades-long trend of corporate tax avoidance by the biggest U.S. corporations, and it appears to be the product of long-standing tax breaks preserved or expanded by the 2017 Tax Cuts and Jobs Act (TCJA) as well as the CARES Act tax breaks enacted in the spring of 2020.The tax-avoiding companies represent various industries and collectively enjoyed almost $40.5 billion in U.S. pretax income in 2020, according to their annual financial reports. The statutory federal tax rate for corporate profits is 21 percent. The 55 corporations would have paid a collective total of $8.5 billion for the year had they paid that rate on their 2020 income. Instead, they received $3.5 billion in tax rebates.Their total corporate tax breaks for 2020, including $8.5 billion in tax avoidance and $3.5 billion in rebates, comes to $12 billion.

As a conglomerate of various institutions, agencies and organs of government, the US Corporation does interpenetrate every major corporate entity in the USA.  The revolving door between all the major corporations and the government sector is well known and well documented.  With the beginning of each newly elected US administration, the number of CEOs and other corporate officers who are chosen to fill regulatory positions of the very industries they came from is quite shocking.  It has become expected that the “fox is now always guarding the hen house” throughout the Executive Branch of American Government.Given the current state of affairs of campaign finance, lobbyists and their corporate overlords control the legislative process in way that is equally stunning.  That the healthcare lobbyists actually wrote the Affordable Care Act is the most egregious example of how the US Federal Government has been completely taken over.  Obamacare  represents the quintessential example of the Government-Corporate Complex at work.  As the most flawed piece of legislation in US history, Obamacare has consistently eluded those who know it must be repealed.  Even powerful senators and corporate titans who have demonstrated how it will bankrupt America are powerless to annul such a cost-prohibitive, overwhelmingly inefficient, and profoundly defective law.

jerrab » 18 Mar 2024, 5:19 pm » wrote: ↑

18 Mar 2024, 5:19 pm

https://www.cbpp.org/research/federal-t ... -deliverAs this debate unfolds, policymakers and the public should understand that the 2017 Trump tax law:

• Was skewed to the rich. Households with incomes in the top 1 percent will receive an average tax cut of more than $60,000 in 2025, compared to an average tax cut of less than $500 for households in the bottom 60 percent, according to the Tax Policy Center (TPC).[1] As a share of after-tax income, tax cuts at the top — for both households in the top 1 percent and the top 5 percent — are more than triple the total value of the tax cuts received for people with incomes in the bottom 60 percent.[2]
• Was expensive and eroded the U.S. revenue base. The Congressional Budget Office (CBO) estimated in 2018 that the 2017 law would cost $1.9 trillion over ten years,[3] and recent estimates show that making the law’s temporary individual income and estate tax cuts permanent would cost another roughly $350 billion a year beginning in 2027.[4] Together with the 2001 and 2003 tax cuts enacted under President Bush (most of which were made permanent in 2012), the law has severely eroded our country’s revenue base Revenue as a share of GDP has fallen from about 19.5 percent in the years immediately preceding the Bush tax cuts to just 16.3 percent in the years immediately following the Trump tax cuts, with revenues expected to rise to an annual average of 16.9 percent of GDP in 2018-2026 (excluding pandemic years), according to CBO. This is simply not enough revenue given the nation’s investment needs and our commitments to Social Security and health coverage.

The middle and lower brackets got the higher percentage cuts.

maineman » 18 Mar 2024, 7:43 pm » wrote: ↑

18 Mar 2024, 7:43 pm

a lot of folks are crossing the border... and they immediately go to work washing the dishes and picking the vegetables and hammering the roofing shingles and mowing the lawns and cleaning the hotel rooms and cooking the meals for all the rest of us privileged white Americans...and they are coming here because the place where they live is a **** hell hole and they don't want their kids to die in it.  And if that gives you a **** problem, then have the **** balls to unbolt the Statue of Liberty and send it back to France because you don't really believe in what it stands for.  Just be honest.  You don't give a **** about anyone other than white Americans and the rest of the world can go **** themselves.

Will you be a good neighbor and accept  law
breaking illegal aliens **** your wife and daughter?
 You think illegal aliens are going to help the economy? You think it’s ok for Americans to take the burden of providing resources for illegals in tremendous tax increases and huge increases in the national debt to pass on to future generations?

You’re an ignorant moron, janitor 
 

jerrab » 19 Mar 2024, 9:49 am » wrote: ↑

19 Mar 2024, 9:49 am

his continues a decades-long trend of corporate tax avoidance by the biggest U.S. corporations, and it appears to be the product of long-standing tax breaks preserved or expanded by the 2017 Tax Cuts and Jobs Act (TCJA) as well as the CARES Act tax breaks enacted in the spring of 2020.The tax-avoiding companies represent various industries and collectively enjoyed almost $40.5 billion in U.S. pretax income in 2020, according to their annual financial reports. The statutory federal tax rate for corporate profits is 21 percent. The 55 corporations would have paid a collective total of $8.5 billion for the year had they paid that rate on their 2020 income. Instead, they received $3.5 billion in tax rebates.Their total corporate tax breaks for 2020, including $8.5 billion in tax avoidance and $3.5 billion in rebates, comes to $12 billion.

What is the biggest corporation in the U.S.?

 

Majik » 19 Mar 2024, 10:43 am » wrote: ↑

19 Mar 2024, 10:43 am

What is the biggest corporation in the U.S.?

 

5 levels of government with just politics involved. Now add academia, arts, religions, economics, sustaining social consensus in each added generation gap arriving one at a time now.

I haven't included townhall, city council, country seat, state and federal capitols all capitalizing off of reasonable doubt.

31stArrival » 19 Mar 2024, 10:43 am » wrote: ↑

19 Mar 2024, 10:43 am

5 levels of government with just politics involved. Now add academia, arts, religions, economics, sustaining social consensus in each added generation gap arriving one at a time now.

I haven't included townhall, city council, country seat, state and federal capitols all capitalizing off of reasonable doubt.

Correct...
Washington DC.

 

Zeets2 » 19 Mar 2024, 9:32 am » wrote: ↑

19 Mar 2024, 9:32 am

Stupid and irrelevant questions coming from you don't deserve a response.

And I'll post anything you want once you show me A SINGLE MEDIA SOURCE that called the recession "great" before Obama was elected!

Till then, stop wasting my time, dickhead!

Run, Gimp.
 

Majik » 19 Mar 2024, 10:47 am » wrote: ↑

19 Mar 2024, 10:47 am

Correct...
Washington DC.

 

Step into evolving as displaced uniquely alive and out from debating evolution theory believing eternal life is beyond the moment here..

Squatchman » 17 Mar 2024, 7:23 pm » wrote: ↑

17 Mar 2024, 7:23 pm

Ooooo
 Sounds ominous.
 Are we going to hear more and even louder squealing from the deplorables?
 I'm not going to be able to sleep well now 
 

Well, don't get too frightened, fruitcake. 

We're not going to burn cities or kick off race riots. We have SOME respect for democracy.

jerrab » 19 Mar 2024, 9:49 am » wrote: ↑

19 Mar 2024, 9:49 am

his continues a decades-long trend of corporate tax avoidance by the biggest U.S. corporations, and it appears to be the product of long-standing tax breaks preserved or expanded by the 2017 Tax Cuts and Jobs Act (TCJA) as well as the CARES Act tax breaks enacted in the spring of 2020.The tax-avoiding companies represent various industries and collectively enjoyed almost $40.5 billion in U.S. pretax income in 2020, according to their annual financial reports. The statutory federal tax rate for corporate profits is 21 percent. The 55 corporations would have paid a collective total of $8.5 billion for the year had they paid that rate on their 2020 income. Instead, they received $3.5 billion in tax rebates.Their total corporate tax breaks for 2020, including $8.5 billion in tax avoidance and $3.5 billion in rebates, comes to $12 billion.

What you liberal dopes can never understand is that when you have dozens of the best and smartest accountants and lawyers working for you, they are FAR more qualified to find legal tax loopholes than ANY of the mental midgets who are writing the tax code for the government could possibly imagine!

And just like Trump said when ADMITTING to Hillary in their debate that "OF COURSE I DO" take every possible deduction his companies are entitled to, AND THEY'D BE FOOLISH NOT TO!  And they're the same deductions that EVERY ONE OF THE BUSINESSES DONATING TO HILLARY AND OTHER POLITICIAN'S CAMPAIGNS TAKE AS WELL!  So if they want to change the laws to end the tax breaks that Trump is entitled to take, THOSE WHO DONATE TO DEMOCRATS WILL LOSE THEM AS WELL!

So tell me, genius!  Trump spoke those words in the debate with Hillary in 2016, EIGHT YEARS AGO!  So what have the Democrats in Congress done to fix those tax laws you hate so much since then, huh?

Now, would you care to defend the Biden DOJ and explain WHY they estimate the property value of Mar-a-Lago at a mere $18 million dollars when FAR SMALLER EMPTY LOTS NEARBY HAVE A VALUE OF $195 MILLION?!??  No, of course you won't, because you don't give two **** when the person you hate is the target of outrageous and obvious corruption by Biden and his DOJ!
 

R.Suave » 19 Mar 2024, 10:54 am » wrote: ↑

19 Mar 2024, 10:54 am

Run, Gimp.

So show me the media source who called it a "great" recession before Obama was elected, ******!

YOU'RE the scumbag who stuck your fat foot in your mouth with the lie about what I claimed, so back it up!  You may first need to look deep into your scrotum and see if you've got a single ball left in there since you started your hormone injections!

OK sissy?

 

GRAB'EM BY THE BLOODBATH!!

Zeets2 » 19 Mar 2024, 3:56 pm » wrote: ↑

19 Mar 2024, 3:56 pm

So show me the media source who called it a "great" recession before Obama was elected, ******!

YOU'RE the scumbag who stuck your fat foot in your mouth with the lie about what I claimed, so back it up!  You may first need to look deep into your scrotum and see if you've got a single ball left in there since you started your hormone injections!

OK sissy?

He's already conceded the point to you by striking through your previous reply... he just can't say it out loud, so he has to divert from the point.

He learned that "debate" tactic at Brown.

Zeets2 » 19 Mar 2024, 3:56 pm » wrote: ↑

19 Mar 2024, 3:56 pm

So show me the media source who called it a "great" recession before Obama was elected, ******!

YOU'RE the scumbag who stuck your fat foot in your mouth with the lie about what I claimed, so back it up!  You may first need to look deep into your scrotum and see if you've got a single ball left in there since you started your hormone injections!

OK sissy?

You are the dumbest **** ever..

• September 18, 2008: In a dramatic meeting, United States Secretary of the Treasury Henry Paulson and Chair of the Federal Reserve Ben Bernanke met with Speaker of the United States House of Representatives Nancy Pelosi and warned that the credit markets were close to a complete meltdown. Bernanke requested a $700 billion fund to acquire toxic mortgages and reportedly told them: "If we don't do this, we may not have an economy on Monday".[138]

Stop pretending as if you have even the vaguest idea...

 

R.Suave » 19 Mar 2024, 6:20 pm » wrote: ↑

19 Mar 2024, 6:20 pm

You are the dumbest **** ever..

• September 18, 2008: In a dramatic meeting, United States Secretary of the Treasury Henry Paulson and Chair of the Federal Reserve Ben Bernanke met with Speaker of the United States House of Representatives Nancy Pelosi and warned that the credit markets were close to a complete meltdown. Bernanke requested a $700 billion fund to acquire toxic mortgages and reportedly told them: "If we don't do this, we may not have an economy on Monday".[138]

Stop pretending as if you have even the vaguest idea...

 
   
 

RedheadedStranger » 19 Mar 2024, 6:24 pm » wrote: ↑

19 Mar 2024, 6:24 pm

 
 

Meme educated.

R.Suave » 19 Mar 2024, 7:20 pm » wrote: ↑

19 Mar 2024, 7:20 pm

Meme educated.

I made that meme thank you very much...

RedheadedStranger » 19 Mar 2024, 7:21 pm » wrote: ↑

19 Mar 2024, 7:21 pm

I made that meme thank you very much...

Why?

You don't know a **** thing about that...either.

maineman » 18 Mar 2024, 7:43 pm » wrote: ↑

18 Mar 2024, 7:43 pm

a lot of folks are crossing the border... and they immediately go to work washing the dishes and picking the vegetables and hammering the roofing shingles and mowing the lawns and cleaning the hotel rooms and cooking the meals for all the rest of us privileged white Americans...and they are coming here because the place where they live is a **** hell hole and they don't want their kids to die in it.  And if that gives you a **** problem, then have the **** balls to unbolt the Statue of Liberty and send it back to France because you don't really believe in what it stands for.  Just be honest.  You don't give a **** about anyone other than white Americans and the rest of the world can go **** themselves.
 

Oh my, ....A hissy fit, and maybe perhaps more befitting, a certify-able bleeding heart and triggered hissy fit.

...oh here you are, oh:  "and they immediately go to work washing the dishes and picking the vegetables and hammering the roofing shingles and mowing the lawns and cleaning the hotel rooms and cooking the meals for all the rest of us privileged white Americans."  
....wha? ...you're trying to invoke white guilt here?  Really?  Being the emotional guy that I am, tears are running down my eyes now.  .....Think that I'll hold your hand, and we'll just bawl and boo hoo together. Your display of sheer emotion, .....it overwhelms me.   ....sniff sniff....  
....and yet, these folks could not apply for citizenship, the right way. .....your rant is meaningless......  
I care about all americans,get a grip on yourself.....