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President* Biden: It’s time we make sure they pay their fair share!

Posted on 2/11/22 at 12:01 pm
Posted by Seldom Seen
Member since Feb 2016
48737 posts
Posted on 2/11/22 at 12:01 pm
LINK
quote:

President Biden
@POTUS
3h
United States government official

Last year, there were 55 Fortune 500 companies that didn’t pay a single cent in taxes. It’s ridiculous.

It’s time we make sure they pay their fair share, and then invest that money in the middle class.
Posted by theunknownknight
Baton Rouge
Member since Sep 2005
60150 posts
Posted on 2/11/22 at 12:01 pm to
Pay yours first retard
Posted by Fun Bunch
New Orleans
Member since May 2008
127945 posts
Posted on 2/11/22 at 12:02 pm to
quote:

Last year, there were 55 Fortune 500 companies that didn’t pay a single cent in taxes.


EYE ROLL
Posted by tiger1616
Member since May 2020
751 posts
Posted on 2/11/22 at 12:03 pm to
I need their accountant. I find it hard to believe they didn’t pay a penny though…
Posted by keks tadpole
Yellow Leaf Creek
Member since Feb 2017
8458 posts
Posted on 2/11/22 at 12:04 pm to
quote:

It’s time we make sure they pay their fair share, and then invest that money in the middle class.

As a member of the middle class, I prefer my 401K returning >14.5%.
Posted by Figgy
CenCal
Member since May 2020
9757 posts
Posted on 2/11/22 at 12:06 pm to
quote:

It’s time we make sure they pay their fair share!


Posted by NineLineBind
LA....no, the other one
Member since May 2020
8412 posts
Posted on 2/11/22 at 12:06 pm to
quote:

President Biden
@POTUS
3h
United States government official

Last year, there were 55 Fortune 500 companies that didn’t pay a single cent in taxes. It’s ridiculous.

It’s time we make sure you are preoccupied with anything other that wresting control of your freedom from us.
Posted by Alex777
Member since Jan 2022
385 posts
Posted on 2/11/22 at 12:09 pm to
quote:

Last year, there were 55 Fortune 500 companies that didn’t pay a single cent in taxes. It’s ridiculous.


If this is the same as '' Trump didn't pay any taxes'' then it's a lie.

If Biden wants compannies to pay their fair share just make a flat tax and get rid of that enormous bullshite that is the tax code. Burn it.
Posted by BFIV
Virginia
Member since Apr 2012
8675 posts
Posted on 2/11/22 at 12:09 pm to
quote:

President Biden
@POTUS
3h
United States government official

Last year, there were 55 Fortune 500 companies that didn’t pay a single cent in taxes. It’s ridiculous.



If that's really true, then change the law. The Dems have control of both Houses as well as the White House. Otherwise, just shut up.
Posted by mb6355
Member since Apr 2020
228 posts
Posted on 2/11/22 at 12:10 pm to
You can guarantee any money they collect will go to something useful like free crack pipes
Posted by PsychTiger
Member since Jul 2004
107050 posts
Posted on 2/11/22 at 12:10 pm to
Posted by plazadweller
South Georgia
Member since Jul 2011
12246 posts
Posted on 2/11/22 at 12:10 pm to
Gotta give him credit or at least whoever is really tweeting these messages out. If you tell a lie no matter how ridiculous it is the average American will believe it
Posted by SEC2789
Member since Jun 2013
234 posts
Posted on 2/11/22 at 12:13 pm to
I love when they say this…. So riddle me this

What were their payroll taxes for the year?

Did the company have a tax liability at the end of the year or did they make their quarterly estimates correctly and have no tax liability due at the end of the year??

Notice they don’t differentiate between having a balance due at the end of the year and these companies tax liabilities for the year.
Posted by jlovel7
NOT Louisiana
Member since Aug 2014
23842 posts
Posted on 2/11/22 at 12:13 pm to
I'm sure that's not true. Probably just corporate income tax while they paid a fortune in property, sales, and salary taxes.
Posted by Evolved Simian
Bushwood Country Club
Member since Sep 2010
23139 posts
Posted on 2/11/22 at 12:23 pm to
quote:

I need their accountant. I find it hard to believe they didn’t pay a penny though…




There are two things at play here. The first is that there are lots of perks built into the tax code. The second, and more important, is that the tax code has been adjusted over the years to properly recognize that business cycles are NOT annual. This is why businesses are allowed to do things such as carry forward losses to offset future profits. Often that can result in a zero tax rate in certain years.

But it's not like these businesses aren't paying taxes at all. That's just another lie by the leftists. They may not pay corporate income tax at the federal level in some given years, but they are paying billions in payroll, property, sales, and other taxes.
Posted by Chimlim
Baton Rouge, LA
Member since Jul 2005
17773 posts
Posted on 2/11/22 at 12:23 pm to
Wouldn't those companies be in serious trouble with the IRS?
Posted by cajunangelle
Member since Oct 2012
162680 posts
Posted on 2/11/22 at 12:26 pm to
he says this once a month since day one and Hunter still has an offshore slush fund.

tomorrow he will say his BBB bill will save the world.
This post was edited on 2/11/22 at 12:27 pm
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
23058 posts
Posted on 2/11/22 at 12:31 pm to

The middle class who are employees and customers for the affected companies will be hit by the increased taxation at least once, and the benefits returned won’t match those negatives.
This post was edited on 2/11/22 at 12:32 pm
Posted by Zendog
Santa Barbara
Member since Feb 2019
6313 posts
Posted on 2/11/22 at 12:37 pm to
quote:

Last year, there were 55 Fortune 500 companies that didn’t pay a single cent in taxes. It’s ridiculous.


Name them
Posted by bogeypro
North Alabama
Member since Sep 2012
4052 posts
Posted on 2/11/22 at 12:38 pm to
Corporations just pass it to the consumers. More high prices. These people are idiots.
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