ST Alpha - "2-definitely. From all I've read, there would be no reason to raise taxes if laws agains tax havens were created and/or enforced. Andorra can't hold " (Reading a Post)

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In response to "since its semi-controversial conversation day: There are 4 ways to reduce the deficit, which do you favor." by tRuMaN

2-definitely. From all I've read, there would be no reason to raise taxes if laws agains tax havens were created and/or enforced. Andorra can't hold

Posted by Trish (aka Trisha) Oct 15 '10, 11:42

*that* many company headquarters, it's simply not big enough. If huge multi corps paid their actual taxes due, every one would pay fewer taxes and we would all have healthcare.

It pisses me off when I realize that I pay more in taxes than General Electric.

Responses:

I don't really understand corporate taxes. Their customers pay the costs of the tax, really. -- nm - mara Oct 15, 11:53 3
- [deleted]
- companies charge what the market will bear. -- nm - Reagen Oct 15, 11:59
- [deleted]
per the financial statements, in 2008, GE paid a consolidate tax rate of 5.5% -- (link) - tRuMaN Oct 15, 11:47 4
- [deleted] 2
  - technically it does, as they are including their deferred tax benefits in that calculation, if I read it right. -- nm - tRuMaN Oct 15, 12:02 1
    - [deleted]
- and the provision for income taxes was $1,052 (in millions) per the same document. -- nm - tRuMaN Oct 15, 11:48
Why do you hate small businesses, Trish? -- nm - Don Homer Oct 15, 11:43 1
- Heh, small businesses actually PAY their taxes. :) -- nm - Trish Oct 15, 11:46

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2-definitely. From all I've read, there would be no reason to raise taxes if laws agains tax havens were created and/or enforced. Andorra can't hold

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