Bfgrn
New member
Stop peddling propaganda, Bfoon. No one is interested in your koolaid!
When you say stupidity like "New Guilded Age" and most intelligent people realize we have the highest corporate tax rate of any industrialized nation, and our wealthy pay the largest proportion of our overall tax burden, you come across as either being completely ignorant, or a political activist with an agenda. No, we don't live in the days of the Robber Barons! That is an exaggeration, again, designed to alarm people into supporting your call for more Socialist solutions. I don't think that is the way we are heading, but thanks for trying once again.
You are the buffoon Dixie. Here's what you can do, ignore the FACTS I just posted and continue to emote as usual.
Yes, we have socialism and welfare in America, for corporations. American corporations pay about 10 cents on the dollar and many mega-corporations pay NO taxes. The corporate rate is meaningless because there are so many loopholes that allow corporations like Exxon and GE to pay no taxes. That is why President Obama proposed lowering the corporate tax rate AND closing the loopholes.
GE, Exxon Paid No U.S. Income Taxes in '09
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.

A view of the Exxon Mobil refinery in Baytown, Texas
September 15, 2008. None of ExxonMobil's income taxes
were paid to the U.S. last year.
The most egregious example is General Electric. 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.
Avoiding taxes is nothing new for General Electric. In 2008 its effective tax rate was 5.3%; in 2007 it was 15%. The marginal U.S. corporate rate is 35%.
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