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Taxes Paid By U.S. Taxpayers Vs. Taxes Paid By U.S. Corporations
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by Rory Cripps | December 5, 2011 at 06:12 am
228 views | 4 Recommendations | 5 comments
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Taxes Paid By U.S. Taxpayers Vs. Taxes Paid By U.S. Corporations
uploaded by Rory Cripps
Total corporate taxes paid to the U.S. Government 1947-2010 = $6.3 trillion.
Data Sources: IRS, U.S. Department of Commerce.
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Rory Cripps
New Port Richey, Florida, United States
Most RecentMost Recommended Comments (5)
at 07:03 on December 5th, 2011
Most of those corporate profits from reduced taxes will either be put into intangible paper assets and/or plant and equipment overseas in places like China and Vietnam where there are virtually no environmental and workplace regulations and the labor is provided by virtual slaves for pennies on the dollar. Corporate America's ultimate goal is to not pay any taxes (and some have actually achieved that goal) and on top of that have the American tax-payer subsidize them and bear the cost when corporations fail or go into the red. That is one of the distinguishing characteristics of a Mussolini-type Fascist economic system. Yet the dupes out there, mainly Republican and Tea Party types, are running around screaming that Obama is a Marxist and he's destroying the "free market system". JEEZ! Bernie Sanders, the socialist Senator from Vermont is more of a "free market" guy than any Republican (with the exception of Ron Paul) in government today. It really is incredible! Corporations don't want to pay any taxes, yet they benefit from the roads and bridges and U.S. transportation system in general. They benefit from police protection, the military, and so on and so forth. And on top of that they want the individual American taxpayer to subsidize their business and bail them out when they screw up. They're literally holding the Average American economic hostage and the scary thing is that millions of Americans are actually suffering from a form of corporate Stockholm Syndrome.
at 07:06 on December 5th, 2011
The new conservative mantra: Half the American population aren't paying any taxes! Boo hoo! LMAO! I thought conservatives didn't want anyone paying taxes! Ha! Half the American population--those that actually have a job--are earning less than $800 bucks per week, and that includes supervisors, managers, etc. not just average working stiffs. The average working stiffs that man the factories and machines and office equipment and make the coffee for the boss man and have to put up with his crap all day long without taking a baseball bat to his head are earning, on average, $643 per week. What kind of a country is it when we've got CEOs that are making billions for sitting on their asses all day long, eating $200 lunches, doing nothing but essentially blowing farts out of their mouths and convincing people that they know what they're doing?
at 15:11 on December 5th, 2011
The problem is, Conservatives do NOT want anyone paying Taxes, but the people claiming to be conservatives are not. Their main concern is that THEY do not pay taxes. "Tax the poor, they are the ones needing the social safety net" is the Neo-Conservative mantra. In a successful conservative state, taxes are unnecessary, as is a social safety net, because everyone is pulling thier weight, and looking after each other, as the Humanist thing to do. But it is not manditory. It relies on those increasingly elusive human qualities of decency and solid work ethic.
at 05:24 on December 6th, 2011
PIOBAR: Of course so-called "conservatives" want people to pay taxes. They (the conservatives) just don't want to pay taxes themselves! In spite of all the lip service that Republicans, conservatives and Tea Party types pay to the mythical "free market" they have absolutely no problem with American taxpayers subsidizing corporate America with the equivalent of corporate welfare payouts. Virtually everything that conservatives tell us about the various ways in which taxes affect the economy via job creation, etc. has no basis in historical economic and statistical fact as much as groups like the American Enterprise Association, et al torture the statistics until they confess. Most of the nonsense that we hear from Republicans about how lower corporate tax rates improve the economy is based on the "Laffer Curve" which was essentially a graph sketched on a napkin at an expensive Washington D.C. restaurant (Dick Cheney was present) in order to support an ideological-based economic theory. The "Laffer Curve" coincided with the "supply-side/trickle-down" theory which is another theory which the Republicans claim has worked throughout the years and yet there's no historic economic and statistical data which demonstrates that the theory has worked.
at 05:51 on December 6th, 2011
A major obstacle to restoring the U.S.economy is that certain economic subsets of the American population, which wield political and economic influence way out of proportion to their numbers, such as the bond market and CEOs of mega-corporations (not all) are under the false impression that what's good for their pocket book and financial position necessarily translates into what's good for the American economy as a whole and the average working American. There's much historical precedent to back that assertion up. A prime example is what transpired during Reagan's first term. The bond market was screaming about inflation. And as anyone that has knowledge of the Federal Reserve knows, the bond market is one of the Fed's major constituencies and the Fed's policies are often formulated with the view of keeping the bond market happy. The Fed put the breaks on the economy in order to ring out inflation. The Fed didn't do it gradually--it just hit the breaks. And the results were the highest unemployment rates that the country had seen since the Great Depression and economic and financial ruin throughout America's heartland.