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.