Quote:
Originally Posted by MaDalton
Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes
http://www.bloomberg.com/news/2010-1...loopholes.html
and your calculation is nonsense (sorry) since no company ever pays their full profit (after taxes) as dividends
and now i would like to see where Obama proposes to raise the tax on financial gains from 15% to 43%
plus we all know that even if he did that, it's only to end up at 25% or something like that after negotiations |
"the highest tax on dividends is set to go up to 43% under that scenario for the highest income earners."
http://finance.yahoo.com/blogs/break...130824731.html
how are my calculations nonsense? even if corporation ends up paying 0%, shareholders will still pay 43% so combined tax on the income can not be less than 43%....
....and besides the idea that corporations pay low tax rate is a bit misleading, it makes for good headlines, but all that is happening is the tax gets deferred into the future... (it's kinda exactly like if you would have an offshore bank account, you would pay no taxes until you wanted to bring that $$ back to the US, at which point it would be taxed...)