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Old 03-27-2013, 11:09 AM
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10 U.S. companies paying the least—or no—taxes

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As Washington tries to find its way out of increasing debt, the debate continues over whether American companies should pay more or less in taxes. Meanwhile, some of the largest U.S. public corporations paid no taxes at all for 2012. As a matter of fact, several of America’s biggest companies received tax credits that rose into the hundreds of millions or even billions of dollars. Losing money, or taking write-downs have become a sort of benefit for corporations.

There are several ways a company can avoid paying taxes. One, the corporation loses large sums of money, and as a byproduct it pays no taxes or even gets tax credits. Another way to get federal tax benefits is through huge fines, mostly for illegal behavior, or behavior the government claims is illegal. Another way is through “acts of God,” such as damage from Superstorm Sandy. 24/7 Wall St. reviewed corporate tax payments for the top 150 companies by revenue. These are the companies paying the least—or no—taxes
http://www.marketwatch.com/story/10-...xes-2013-03-26

How several America’s biggest companies can received tax credits?
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Old 03-27-2013, 02:05 PM
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Companies don't pay taxes anyway. Taxes are a cost of doing business, just like any other. The collect them from their customers (or reduce their shareholders' dividends) and pass that money along to the government.

They get tax credits because they follow the tax laws passed by Congress and signed by the president.
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Old 03-27-2013, 02:36 PM
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Originally Posted by Bob Barr View Post
They get tax credits because they follow the tax laws passed by Congress and signed by the president.
Do you think it should be like that or do they need to modify the laws? It looks to me that tax credits to the companies is a little bit too far.
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Old 03-27-2013, 05:03 PM
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I follow the tax laws. Where's my tax credits?
 
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Old 03-27-2013, 08:04 PM
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I know lots of folks that are getting credits from my taxes.....
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Old 03-28-2013, 10:26 AM
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I don't see the problem. A business's intent is to profit
 
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Old 03-28-2013, 10:41 AM
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Originally Posted by shovenose View Post
I don't see the problem. A business's intent is to profit
Tax credits are not profits, don't you think?
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