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47% of Americans pay no federal taxes


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#31 rodeo

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Posted 07 April 2010 - 10:05 PM

Its not technically paying income taxes if you get more back at the end of the year than you put in.


aka most red states.

#32 Davidson Deac II

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Posted 07 April 2010 - 10:46 PM

aka most red states.


AKA, the blue sections of the red states.

#33 Porn Shop Clerk

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Posted 08 April 2010 - 01:08 AM

Oh yeah, the farms that are subsidized to grow your cheap corn. Those red states.

#34 Planiversal

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Posted 08 April 2010 - 06:44 AM

All I know is I had to write Uncle Sam a $15k check or so a few years back... That sucks ass when you consider some people don't pay anything, or get money back...


Hey, don't throw in people that get money back into your anger. It sucks for us too. I got money back, but only because I effectively wrote uncle sam a check for 30k last year - he just owed me some back. Payroll taxes at some companies get taxed on an individual check basis as though that check were extrapolated through the whole year. So when i get a bonus or work 45 hours of overtime it gets taxed higher than what my true annual wage rate should be.

#35 MadHatter

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Posted 08 April 2010 - 08:22 AM

As you work on your taxes this month, here's something to raise your hackles: Some of the world's biggest, most profitable corporations enjoy a far lower tax rate than you do--that is, if they pay taxes at all.

The most egregious example is General Electric ( GE - news - people ). Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.


http://www.forbes.co...rate-taxes.html


ALSO:

What the top 25 US companies pay in taxes:
http://www.forbes.co...axes_slide.html


fun fact: Exxon didn't pay any of it's 2008 taxes.


Please attempt to understand Corporate Income Taxes before posting.

Exxon is a US based global company. They pay income taxes all across the globe in the tax jurisdictions that that the revenue is earned. Based on these payments, there are credits earned (Subpart F Income) that offsets taxable revenue in the US.

#36 cookinwithgas

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Posted 08 April 2010 - 08:35 AM

Damn poor people, I hate them

#37 MadHatter

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Posted 08 April 2010 - 08:42 AM

I was just responding to the false belief that corporations and the wealthy do not pay taxes. It is just not true.

#38 PanthersFanNY

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Posted 08 April 2010 - 08:55 AM

Damn poor people, I hate them


If they would just stop being poor ARGGGHH.

#39 cookinwithgas

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Posted 08 April 2010 - 09:00 AM

I know, it's so frustrating that you have to put up with them ordering your .99 cent value menu item, what the hell is up with their attitude?

#40 mmmbeans

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Posted 08 April 2010 - 09:33 AM

Please attempt to understand Corporate Income Taxes before posting.

Exxon is a US based global company. They pay income taxes all across the globe in the tax jurisdictions that that the revenue is earned. Based on these payments, there are credits earned (Subpart F Income) that offsets taxable revenue in the US.


None of ExxonMobil's income taxes were paid in the U.S. In 2008 the company's income tax bill was $36 billion.

Ok exxon has record profits but manages to pay no taxes in its home country. Awesome. Legality doesn't mean they aren't gaming the system.