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Where The Tax Cheats A Top 5 Metro Areas
http://abcnews.go.com/Business/cities-tax-cheats/story?id=18958747&google_editors_picks=true#.UW4Mb ErlXQo
Interestingly enough sole proprietors in and around the Washington, DC area were high on the list, as were members of trade associations or labor unions. |
Where The Tax Cheats A Top 5 Metro Areas
On Tue, 16 Apr 2013 23:09:05 -0400, Wayne B
wrote: http://abcnews.go.com/Business/cities-tax-cheats/story?id=18958747&google_editors_picks=true#.UW4Mb ErlXQo Interestingly enough sole proprietors in and around the Washington, DC area were high on the list, as were members of trade associations or labor unions. The biggest tax cheats are the huge corporations that funnel their profits overseas. |
Where The Tax Cheats A Top 5 Metro Areas
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Where The Tax Cheats A Top 5 Metro Areas
On Wed, 17 Apr 2013 07:32:06 -0400, BAR wrote:
In article , says... On Tue, 16 Apr 2013 23:09:05 -0400, Wayne B wrote: http://abcnews.go.com/Business/cities-tax-cheats/story?id=18958747&google_editors_picks=true#.UW4Mb ErlXQo Interestingly enough sole proprietors in and around the Washington, DC area were high on the list, as were members of trade associations or labor unions. The biggest tax cheats are the huge corporations that funnel their profits overseas. Corporations are not pulling their profits from overseas operation into the USA because of double taxation, by the country where the profits were made and where the profits pulled into the USA. No sane businessman would agree to having their $100 profit taxed at a local rate of 25% and then have that same $100 profit taxed at 35% resulting in converting their $100 profit into a $40 profit. Not true. The actual tax rate is quite low. Look at GE as an example... virtually no tax. You're very caught up in the odd notion that lower taxes for the wealthy and corporations equate to a better economy. Just ain't true. |
Where The Tax Cheats A Top 5 Metro Areas
In article , says...
On Wed, 17 Apr 2013 07:32:06 -0400, BAR wrote: In article , says... On Tue, 16 Apr 2013 23:09:05 -0400, Wayne B wrote: http://abcnews.go.com/Business/cities-tax-cheats/story?id=18958747&google_editors_picks=true#.UW4Mb ErlXQo Interestingly enough sole proprietors in and around the Washington, DC area were high on the list, as were members of trade associations or labor unions. The biggest tax cheats are the huge corporations that funnel their profits overseas. Corporations are not pulling their profits from overseas operation into the USA because of double taxation, by the country where the profits were made and where the profits pulled into the USA. No sane businessman would agree to having their $100 profit taxed at a local rate of 25% and then have that same $100 profit taxed at 35% resulting in converting their $100 profit into a $40 profit. Not true. The actual tax rate is quite low. Look at GE as an example... virtually no tax. You do realize that corporations are assessed taxes on their profits. You're very caught up in the odd notion that lower taxes for the wealthy and corporations equate to a better economy. Just ain't true. If a company is employing 10,000 people in the US what is their contribution to the various states tax base and the federal tax base? I have already had $15,000 in taxes witheld from my pay this year. Let's assume that the average is half of what have withheld. Those 10,000 people employed by my company have put $75,000,000 into the various governments coffers already this year. For the full year it is about $300,000,000. If the company moved off-shore or closed down completely that $300,000,000 million in tax revenue would be gone. |
Where The Tax Cheats A Top 5 Metro Areas
On Wed, 17 Apr 2013 19:42:28 -0400, BAR wrote:
In article , says... On Wed, 17 Apr 2013 07:32:06 -0400, BAR wrote: In article , says... On Tue, 16 Apr 2013 23:09:05 -0400, Wayne B wrote: http://abcnews.go.com/Business/cities-tax-cheats/story?id=18958747&google_editors_picks=true#.UW4Mb ErlXQo Interestingly enough sole proprietors in and around the Washington, DC area were high on the list, as were members of trade associations or labor unions. The biggest tax cheats are the huge corporations that funnel their profits overseas. Corporations are not pulling their profits from overseas operation into the USA because of double taxation, by the country where the profits were made and where the profits pulled into the USA. No sane businessman would agree to having their $100 profit taxed at a local rate of 25% and then have that same $100 profit taxed at 35% resulting in converting their $100 profit into a $40 profit. Not true. The actual tax rate is quite low. Look at GE as an example... virtually no tax. You do realize that corporations are assessed taxes on their profits. Not if they do some tricky accounting and have it recorded offshore. You're very caught up in the odd notion that lower taxes for the wealthy and corporations equate to a better economy. Just ain't true. If a company is employing 10,000 people in the US what is their contribution to the various states tax base and the federal tax base? I have already had $15,000 in taxes witheld from my pay this year. Let's assume that the average is half of what have withheld. Those 10,000 people employed by my company have put $75,000,000 into the various governments coffers already this year. For the full year it is about $300,000,000. If the company moved off-shore or closed down completely that $300,000,000 million in tax revenue would be gone. They've moved their corporate headquarters offshore to avoid normal taxation. For example: http://www.ctj.org/taxjusticedigest/...l_electric.php Do you think that's right? If so, you've been listening to too much fox and friends. |
Where The Tax Cheats A Top 5 Metro Areas
Wayne B wrote:
http://abcnews.go.com/Business/cities-tax-cheats/story?id=18958747&google_editors_picks=true#.UW4Mb ErlXQo Interestingly enough sole proprietors in and around the Washington, DC area were high on the list, as were members of trade associations or labor unions. Harry was quiet in this thread. |
Where The Tax Cheats A Top 5 Metro Areas
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Where The Tax Cheats A Top 5 Metro Areas
On 4/17/2013 9:51 PM, BAR wrote:
In article , says... Wayne B wrote: http://abcnews.go.com/Business/cities-tax-cheats/story?id=18958747&google_editors_picks=true#.UW4Mb ErlXQo Interestingly enough sole proprietors in and around the Washington, DC area were high on the list, as were members of trade associations or labor unions. Harry was quiet in this thread. Maybe a records search of the Calvert County Maryland's clerk of the court's website is in order. "Harry N Krause" What's his middle name? Nancy? |
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