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Tiger n Miami AU83 
Auburn Fan
Miami
Member since Oct 2007
25147 posts
| U.S. Corporate Profits (Posted on 12/3/12 at 11:58 am)
Well fellas, AFTER TAXES, U.S. corporate profit have reached the greatest percentage of GDP in history.
Wages for workers have hit the lowest, as a percentage of GDP, in U.S. history.
However, Romney was right!! Those poor corporations need some more tax cuts so they can horde more cash, pay more dividends to shareholders and pay lesss in wages!!
Romney is such a smart business man and the GOP such a responsible party, up is really down and left is really right in their bizzaro world I guess. Time to cuts some corporate taxes. See what type of record they can really set for after tax profits next year.
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StrangeBrew 
LSU Fan
Salvation Army-Thanks Obama
Member since May 2009
11481 posts
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How are Federal Government profits looking these days?
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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
17391 posts
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quote:
Well fellas, AFTER TAXES, U.S. corporate profit have reached the greatest percentage of GDP in history.
Wages for workers have hit the lowest, as a percentage of GDP, in U.S. history.
Because we've regulated business in a way that forces them to find either lower wage or eliminate positions. Why do libs not understand this? Yes we can switch to communism to fix govt problems. Or we can get out govt out of the way. America seems to be choosing the first option, but it's going to be slow and painful and not freedom.
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Zach
LSU Fan
Member since May 2005
55325 posts
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Has it occurred to you that profits might be up because business has been moved overseas to avoid the highest corporate taxes in the world?
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jwall3
LSU Fan
Member since Jun 2008
2095 posts
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You do realize corporations don't pay taxes. They are passed on to the customer. And the corporation is made up of people who share in that wealth. Liberals piss me off.
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cahoots
LSU Fan
Red Stick
Member since Jan 2009
1622 posts
| re: U.S. Corporate Profits (Posted on 12/3/12 at 12:06 pm to Zach)
highest marginal tax. we're average in effective tax rates.
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tigeraddict
LSU Fan
Baton Rouge
Member since Mar 2007
4435 posts
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The reason is the corporations are scared to spend any of their money, and are holding onto them.
Also, is a corporation a person. Is there a such thing as a rich corporation, poor corporation, or middle class corporation?
Why even tax corporations? why not tax the money as it comes out of the corporation to individuals? Aren't the majority of EVERYONE's retirement plans invested directly/indirectly in these corporations?
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Radiojones
LSU Fan
Dutchtown, LA
Member since Feb 2007
4181 posts
| re: U.S. Corporate Profits (Posted on 12/3/12 at 12:07 pm to jwall3)
Econ 101 and none of them get it.
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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
25147 posts
| re: U.S. Corporate Profits (Posted on 12/3/12 at 12:10 pm to jwall3)
quote:
You do realize corporations don't pay taxes.
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cahoots
LSU Fan
Red Stick
Member since Jan 2009
1622 posts
| re: U.S. Corporate Profits (Posted on 12/3/12 at 12:11 pm to tigeraddict)
why tax corporations? because all consumers will be "taxed" rather than just the top half earners. that's good, no? eliminate corporate taxes and the upper income earners will have to pick up the slack in income taxes, cap gains, etc.
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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
25147 posts
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I think corps need a 100% tax cut personally.
My goal is to bankrupt the federal government as quickly as possible so that we have rampant hyperinflation and a lower standard of living.
I believe the fastest way to do this is to end corporate taxes and reduce individual taxes by 50%. 
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Patrick O Rly 
New Orleans Saints Fan
y u do dis?
Member since Aug 2011
25494 posts
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Laugh at your own stupidity. The cost ALWAYS gets passed to the consumer. I bet you think your work pays half of your SS too.
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HempHead 
Alabama Fan
Appalachia
Member since Mar 2011
10139 posts
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Let's get some wage control up in this bitch. That will solve the problem!
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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
25147 posts
| re: U.S. Corporate Profits (Posted on 12/3/12 at 12:16 pm to Patrick O Rly)
I'm on your side lil fella. I have decided I want massive tax cuts and for the U.S. to go bankrupt ASAP.
I think it will be sorta neato.
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NC_Tigah
LSU Fan
Member since Sep 2003
40063 posts
 Online
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quote:
Those poor corporations need some more tax cuts so they can horde more cash, pay more dividends to shareholders and pay lesss in wages!!
Great post!
Brilliant!
US Corporate Tax is the highest in the world, but let's raise it further. 
By all means lets run more domestic business to offshore taxshelters so we can import their cheaper goods produced in a low overhead environment by foreign workers.
Tiger n Miami AU83, your understanding of the economy is impeccable.
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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
25147 posts
| re: U.S. Corporate Profits (Posted on 12/3/12 at 12:20 pm to NC_Tigah)
quote:
Tiger n Miami AU83, your understanding of the economy is impeccable.
Agreed.
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jcole4lsu 
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
21809 posts
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quote:
I'm on your side lil fella. I have decided I want massive tax cuts and for the U.S. to go bankrupt ASAP.
cant figure out who is dumber, you or rocket. its a tough one.
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barry 
Cincinnati Fan
Location, Location, Location
Member since Aug 2006
34653 posts
| re: U.S. Corporate Profits (Posted on 12/3/12 at 12:23 pm to Patrick O Rly)
quote:
Laugh at your own stupidity. The cost ALWAYS gets passed to the consumer. I bet you think your work pays half of your SS too.
This maybe the stupidest thing i have ever heard. If thats the case then no one pays taxes. Before I take a job, I factor in my taxes into the potential salary. Yea they factor the fact that they have to pay taxes into pricing that doesn't mean they don't pay taxes. I guess they don't pay interest on any of their debt either. I mean its just factored into the prices. 
This post was edited on 12/3 at 12:24 pm
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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
25147 posts
| re: U.S. Corporate Profits (Posted on 12/3/12 at 12:26 pm to jcole4lsu)
quote:
cant figure out who is dumber, you or rocket. its a tough one.
Is rocket like the most brilliant motherfricker here? Because if not, he is certainly "dumber" than myself.
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mograyback 
Missouri Fan
Red Patoka Sea
Member since Jul 2011
5481 posts
| re: U.S. Corporate Profits (Posted on 12/3/12 at 12:28 pm to tigeraddict)
quote:
Also, is a corporation a person.
Haha, you do realize a corporation is a legal person. That's right, a corporation is one person.
I'm sure you have no idea why this is significant.
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