Post by SFHoya99 on Feb 28, 2012 16:26:00 GMT -5
This may be asking for too much, but I'd love to get reasoned, non-politicized responses to this study. Please read the thing before responding.
www.ctj.org/corporatetaxdodgers/CorporateTaxDodgersReport.pdf
I work at Fortune 500 company that, while employing a extremely high % of our workers in the US (and most of our manufacturing), does not get a high level of tax breaks (we're in the 25%-30% range from this table).
I'm not focusing on what the corporate tax rate should be, or even if we should have incentives for certain industries over others. But I'm befuddled by both the choice of industries to support (financial services?) and the inconsistencies within industries (Heinz at 4%? Mattel at 0%? Why?).
Or GE -- an incredibly profitable company, getting $5B in credit in addition to paying no taxes on $10B in profits.
And I'm apparently paying my PG&E bill twice.
www.ctj.org/corporatetaxdodgers/CorporateTaxDodgersReport.pdf
I work at Fortune 500 company that, while employing a extremely high % of our workers in the US (and most of our manufacturing), does not get a high level of tax breaks (we're in the 25%-30% range from this table).
I'm not focusing on what the corporate tax rate should be, or even if we should have incentives for certain industries over others. But I'm befuddled by both the choice of industries to support (financial services?) and the inconsistencies within industries (Heinz at 4%? Mattel at 0%? Why?).
Or GE -- an incredibly profitable company, getting $5B in credit in addition to paying no taxes on $10B in profits.
And I'm apparently paying my PG&E bill twice.