Profits At Largest 500 Corporations Grew By 81 Percent In 2010

[DougH 270]

So lets tax them to the ground, tax those huge public oil companies too!

They aren't owned by state pensions, individuals who count on their 401k's for retirement, etc etc.

And they won't decide to just locate further and further overseas, they are stuck in in the US with no oppertunity to further pull out of the US.

Any other great solutions?

"The restraining order says you're only allowed to touch me in freefall"
=P

[rushmc 23]

Quote

Quote

Here's the funny thing about corporations not paying taxes. The reason they aren't paying the gov't is because they are generally contributing much more to charities, research programs, etc.

So essentially it isn't they aren't contributing, they're just bypassing the middle man.

Bzzzzzzzzzzzzzzzzz wrong.

They "aren't paying taxes", but more accurately their effective tax rates are pretty low, because the tax code is currently structured in a manner that favors global multinational corporations. Fortune 500 companies are typically multinationals.

It has very little to do with charitable contributions, which can only be 10% of a corporations net taxable income any way.

Simplifying the corporate tax code to favor primarily US based companies, say CVS, and reducing the top rate from 35% to 20% would be excellent for some companies, and absolute crap for others.

I am not complaigning, tax accounting pays my bills.

In the end it really does not matter what the rate is

Corps do not pay taxes. To them it is simply a business cost that is passed on to customers in the pricing of the products they sell


So we pay

Global compitition is the real effect of tax rates

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[DougH 270]

Thats is a simplistic view of business.

Some costs get passed on to consumers, some don't. some get passed on at different percentages, some get passed on at different percentages and different levels of cost.

Perfect example, oil. Your Tide detergent has a huge commodities based cost to the manufacturer, but the price of Tide hasn't spiked like the price of gas.

They are eating the additional cost.

There is little in business is that simple, but all the posts on here make it seem like it is elementary econ 101.

"The restraining order says you're only allowed to touch me in freefall"
=P

[rushmc 23]

Quote

Thats is a simplistic view of business.

Some costs get passed on to consumers, some don't. some get passed on at different percentages, some get passed on at different percentages and different levels of cost.

Perfect example, oil. Your Tide detergent has a huge commodities based cost to the manufacturer, but the price of Tide hasn't spiked like the price of gas.

They are eating the additional cost.

There is little in business is that simple, but all the posts on here make it seem like it is elementary econ 101.

I know it is more complicated that that

Have you ever worked in a regulated company where utilty boards set rates/rate of return?

What a nighmare

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[lawrocket 3]

Oy. What bad news for the millions of working Americans that their retirements and pensions and such are invested in such companies. The ordinary working American whose future depends on the dividends these ghastly companies will pay their shareholders is an abomination.

I'd ask all person with retirement packages to immediately divest from these horror corporations and invest in something that will allow them to more easily bitch about how lousy things are. A reasonably diligent search may reveal a host of underperforming companies.

As a note - did you see that something like ten trillion in revenues last year? So, what, 150 of these companies would be what the federal government does in a year? 100 of these companies revenues would be necessary to make the federal government turn a profit.

Amazingly, you can take the yearly revenues for the Fortune 500 and they add up to 60% of the US federal debt. And these companies profit while the Federal Government can't get to within a trillion...

Yeah. I guess these companies are awful. How dare they actually made money and turn profits? The horror! All those millions of stockholders must be shaking their heads...

My wife is hotter than your wife.

[lawrocket 3]

Heay, dreamdancer:

What would you think of a business with about $1.38 million in revenue that paid its director $138k in a year - even though that corporation was a "non-profit" and had a deficit of about $150k that year?

If that corporation was a chairty (non-profit) paying one "employee" 10% of its gross revenues, I'd think you'd have a problem with that business - paying a guy six figures for a charitable business when it loses money would be a bad move, right? Indicative of greed, etc. You would support that business, would you? Especially if that business makes its name via unpaid labor that privides its content.

If I were to tell you that the business of which I speak is the American Media Institute then you may not know about whom I speak. And you might nit know the name "Doug Baden" as the employee who eats up 10% of revenue. But when you learn that such greed is the very corporation that created and operates "alternet" would you boycott that corporation that calls itself non-profit in order to avoid paying taxes on its revenue while a single employee makes six figures, wouldn't you think that it is exactly the type of business that you abhor?

Yet you continually utilize this business. I am deeply concerned that you lack the moral integrity needed to avoid such a corporation.

My wife is hotter than your wife.

[dreamdancer 0]

Quote

I am deeply concerned.

i'm deeply concerned that you write such obtuse drivel - do you have a point to make?

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[loumeinhart 0]

Quote

do you have a point to make?

He made his point. Read it one more time (when you get a break from Alternet)

[dreamdancer 0]

a lot of words put together doesn't make a point. how about a link to some facts instead?

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[dreamdancer 0]

Quote

A good number of Americans are hopelessly confused about taxes, deficits and the debt. And it's no mystery why – conservatives have spent 30 years divorcing the taxes we pay from the services they finance. They've bent themselves into intellectual pretzels arguing that cutting taxes – on the wealthy – leads to more revenues in the coffers. They've invented narratives about taxes driving “producers” to sunnier climes, killing jobs by the bushel, and relentlessly spun the wholly false notion that we're facing “runaway spending” and are “taxed to death.”

And they've had great success. But they haven't done it alone – credit the media with an assist for muddying the waters around our fiscal situation. Consider a poll released this week by the highly respected Gallup organization. Their headline reads, “Americans Blame Wasteful Government Spending for Deficit.” Is that true? Well, here were the options – the only options – that respondents were offered:

Which do you think is more to blame for the federal budget deficit: Spending too much on government programs that are either not needed or wasteful, or not raising enough taxes to pay for needed programs?

http://www.alternet.org/economy/150826/thanks_to_decades_of_conservative_spin%2C_americans_are_hopelessly_confused_about_taxes%2C_spending_and_the_deficit/

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[rushmc 23]

Too much spending

By a factor of at least 30

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[loumeinhart 0]

Quote

credit the media with an assist for muddying the waters around our fiscal situation.

I agree! The same reason our whuffo friends tell us about the skydiver who 'went in' with nothing out and lived, because they heard it in the news so it must be true. This is why people with common sense don't look for financial analysis from news personalities. Duh

[rushmc 23]

This is why people with common sense don't look for financial analysis from news personalities. Duh

......or alternet ........

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[airdvr 210]

Quote

When Ingersol-Rand bought the most successful refrigeration company in the world - Hussmann Refrigeration - the first thing they did was laid off the vast majority of it's employees and moved the jobs to Mexico and China. I was one of those employees that lost a great paying job -$50,000.00+ a year. I'm sure that there are many who would applaud such a move.
On top of the massive profits that Ingersol pulls in, they pay no U.S. taxes.

Pay no taxes
+ Low wages
_____________
= Corp. GREED

Dude...it's called capitalism. All you have to do to change that scenario is change the rules of the game. Barry crowed over and over during his campaign about how he was going to stop that from happening. Now all of you BHO lovers can tell me about the things he's done to stop "rewarding companies who ship jobs overseas".

Please don't dent the planet.

Destinations by Roxanne

[lawrocket 3]

Quote

Quote

I am deeply concerned.

i'm deeply concerned that you write such obtuse drivel - do you have a point to make?

The point I made was your reliance on a corporation that relies on free work product by people who aren't paid that produce content. The corporation pays no taxes and pays one person $138k in a year. Alternet is what you claim to despise and yet its rantings are seemingly the only thinking that you do.

It makes you a corporaye mouthpiece. If alternet was socially responsible it would pay you for publicizing it. But nope - you're an unpaid serf for a corporation that is structured to pay no taxes.

Social resposibility doesn't mean shit to you, does it? Otherwise you'd boycott the site instead of doing unpaid work to promote it. Alternet is everything you despise - the wolf in sheep's clothing. But since it puts forth the statements that you agree with (despite what it really is) you'll ride along. Think of a Republican homophobe sucking dicks in airport bathrooms. Some people prefer to go by merely what they say.

Heck, at least when Republican bigots find out that their fellow bigot is a target they go after him. Not you. No way! You'll support Alternet through all it's greedy, tax sheltering, labor abusing ways. (Think alternet has union writers? Hahahahaha). Think anyone but the guy on top at Alternet has health care, pension, etc? Heee heee!

Um - these ARE facts. My opinion is of you. Why do you support alternet? Youy have done so blindly - not actually looking at what alternet is (a tax-free corporation). It's so very easy to point to the other guy as being bad because alternet IS that bad guy. Alternet just lacks the balls to admit what it is.

My wife is hotter than your wife.

[dreamdancer 0]

Quote

Think of a Republican homophobe sucking dicks in airport bathrooms. Heee heee!

i'd rather not join in with your sexual fantasies...

(meanwhile i'll read my usual list of new scientist, telegraph, guardian, independent, new statesman and alternet. what's on your daily reading list?)

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[dreamdancer 0]

Quote

Sunday Times Rich List 2011: Fortunes of super-rich soar.
The richest people in Britain have seen their fortunes soar by a fifth in the past year even as much of the UK is struggling to recover from the recession.

http://www.telegraph.co.uk/finance/personalfinance/8498759/Sunday-Times-Rich-List-2011-Fortunes-of-super-rich-soar.html

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[lawrocket 3]

So it is true - you DO lack the ability to think dubstantively about an issue. It has ling been written about you that your thinking is done by alternet.

I asked you some simple questions about why you support a business rthat has zero social responsibilitty. You either won't or can't answer. Perhaps you have soee understanding of whybirthers and truthers feel the way they do - we cannot expect them to change their entire idea of realiuty.

As with everything, you go ad hoc on a target and provide no analysis. Apparently you are also a homophobe as you meant your comment to be an insult.

I don't tolerate bigots, either.

My wife is hotter than your wife.

[dreamdancer 0]

so what's on your daily reading list? i've given 5 examples - now you...

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[kallend 2,027]

Quote

The point I made was your reliance on a corporation that relies on free work product by people who aren't paid that produce content. The corporation pays no taxes and pays one person $138k in a year. Alternet is what you claim to despise and yet its rantings are seemingly the only thinking that you do.

Non Sequitur.

Explain how the business practices of a corporation affect the utility of its products. I dislike Garmin's business model yet I own over $15,000 worth of Garmin's products because their products are good.

...

The only sure way to survive a canopy collision is not to have one.

[loumeinhart 0]

Quote

(meanwhile i'll read my usual list of new scientist, telegraph, guardian, independent, new statesman and alternet. what's on your daily reading list?)

No news there since your daily posts are a copy/paste of their content.

We get that you hate McDonalds and Walmart.

Thank God the young lady who handed me oatmeal and coffee at McDonalds will never read your miserable senseless posts. I'm glad she works there and you don't. I imagine you would hand me coffee with a grimace and probably wouldn't put much care into preparing my oatmeal. While you copy and paste from your dark little room about the punishing hand of corporate America, there are happy people at these companies who's hard work is insulted with each keystroke you make. You make a mockery of their lives by deeming them 'victims' and 'pawns' of the corporate machine. You harbor an insidious hate for Walmart yet you never rant about small business that pay their employees the same wage and don't come CLOSE to walmarts$250+ million/yr in charities.

Oh yea,
You should add Lawrocket's posts to your daily reading.





.

[dreamdancer 0]

nice rant

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[lawrocket 3]

John:

Had Garmin's business plan been to disparage GPS technologies you'd have a point. Had Garmin stated, "VOR NAVAIDs are the sole reliable navigational instrumentation" you'd also have a point.

Had you, John, stated, "GPS Navigation is an excuse for laziness and no aircraft should have one installed" then I might say, "Is that a G1000 avionics suite you've got?"

That's the issue. HE rails against corporations but persistently cites one. he rails against high wages for some and low wages for others while posting an article written by a guy who was isn't given healthcare by the publisher. Articles about the evils of corporations not paying taxes that are published by a corporation constructed to be tax free.

Hey, if you start off dissing the idea of GPS or even doing something like abasing the usefulness of non-euclidean geometry, then I'd say, "John. You have $15k worth of Garmin avionics in your bird."

ps - I'd love to see a photo of your cockpit.

My wife is hotter than your wife.

[BIGUN 1,312]

Quote

Thats is a simplistic view of business.

Some costs get passed on to consumers, some don't. some get passed on at different percentages, some get passed on at different percentages and different levels of cost.

Perfect example, oil. Your Tide detergent has a huge commodities based cost to the manufacturer, but the price of Tide hasn't spiked like the price of gas.

They are eating the additional cost.

Huh? This makes no sense at all. Corporations are NOT going to _eat_ any additional cost... It gets passed on to the consumer.

Quote

Procter & Gamble Company (P&G), which makes Pampers, Tide and a variety of other consumer products, announced that it will raise prices due to rising commodity costs as well as the current turmoil in the Middle East raising the worry of further commodity price increases.

SOURCE: http://www.espressocoffeeguide.com/2011/02/commodity-prices-2011/

Nobody has time to listen; because they're desperately chasing the need of being heard.

[richravizza 28]

This article was simply written by a reporter,based on the Facts, perceived.
After the GREAT financial meltdown/Recession/ Depression
Feds easy money policy, allows co.;Small bus.& us to borrow billion @ lower rates,to fund higher interest/Costs ect.
It boost corp. profits to boost stock prices & our IRA's.This gives US consumers more confidence to spend more Consumsion makes up 80%of our economy,& Co. hire more
This type of artical is the written after every recession.
A 10% rise in profits, from a base of -50%is a good thing.