General Discussion

pbmus

(13,141 posts) Thu Dec 15, 2016, 04:20 PM Dec 2016

If this is mostly true, then why do they pay next to nothing??

Donald Trump says at a thank-you rally in Wisconsin that America’s federal business tax rate is the highest "in the world." PolitiFact Wisconsin says: Mostly True. http://bit.ly/2h5r2n8

5 replies

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If this is mostly true, then why do they pay next to nothing?? (Original Post) pbmus Dec 2016 OP

The rate doesn't mean a damn thing when they write the laws to allow themselves onecaliberal Dec 2016 #1

From the link in the op. NCTraveler Dec 2016 #4

The myriad of deductions none of the rest of us get world wide wally Dec 2016 #2

"At least two thirds of all active corporations had no federal income tax liability." NCTraveler Dec 2016 #3

There is the tax rate on the books, and then there is the effective tax rate that they actually pay. RDANGELO Dec 2016 #5

onecaliberal

(36,594 posts)

1. The rate doesn't mean a damn thing when they write the laws to allow themselves

Reply to pbmus (Original post)

Thu Dec 15, 2016, 04:22 PM

Dec 2016

To get out of paying a damn dime.

NCTraveler

(30,481 posts)

4. From the link in the op.

Reply to onecaliberal (Reply #1)

Thu Dec 15, 2016, 04:27 PM

Dec 2016

"At least two thirds of all active corporations had no federal income tax liability."

world wide wally

(21,836 posts)

2. The myriad of deductions none of the rest of us get

Reply to pbmus (Original post)

Thu Dec 15, 2016, 04:23 PM

Dec 2016

NCTraveler

(30,481 posts)

3. "At least two thirds of all active corporations had no federal income tax liability."

Reply to pbmus (Original post)

Thu Dec 15, 2016, 04:27 PM

Dec 2016

From the article. The manner in which we allow deductions is important when discussing the statutory rate.

RDANGELO

(4,252 posts)

5. There is the tax rate on the books, and then there is the effective tax rate that they actually pay.

Reply to pbmus (Original post)

Thu Dec 15, 2016, 04:34 PM

Dec 2016

The effective tax rate is what they pay after they take advantage of all of all of the regulations in the tax laws. This is another one of the disingenuous talking points from the right. People assume that they are talking about overall taxes of the corporations.

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