Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Bake

(21,977 posts)

15. Exactly. There's a big difference between the nominal tax rate

Reply to upaloopa (Reply #11)

Fri Feb 15, 2013, 04:06 PM

Feb 2013

And the actual cash paid (or not!) in taxes. When GE pays -0- taxes, don't anyone dare complain about the high U.S. corporate tax rate.

Did I mention ZERO DOLLARS IN TAXES paid by one of the biggest U.S. companies?

Bake

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

19 replies

= new reply since forum marked as read

Highlight:

Cisco Won't Buy Any US Companies Or Hire Any US Workers Until The Tax Code Is Changed [View all] FarCenter Feb 2013 OP

Too bad we can't crash it's stock value. sinkingfeeling Feb 2013 #1

sounds like extortion Buzz Clik Feb 2013 #2

They aren't even trying to hide it anymore n2doc Feb 2013 #3

Pity there is no way to crash their stock value. Dawson Leery Feb 2013 #4

The 1% are fucking out of control. This shit has got to stop. Initech Feb 2013 #5

No more Cisco products for me. broiles Feb 2013 #6

No more for most Americans eventually. GoCubsGo Feb 2013 #7

you buy many ASR 9000 series routers? snooper2 Feb 2013 #12

Probably not, but it will be good for my soul. broiles Feb 2013 #14

Devil's advocate: the US has some of the highest corporate tax rates in the world. Spider Jerusalem Feb 2013 #8

Most corporations here pay no tax in spite of the rate. upaloopa Feb 2013 #11

Exactly. There's a big difference between the nominal tax rate Bake Feb 2013 #15

Cisco's effective tax rate is 12.1% X_Digger Feb 2013 #13

I am for lowering the taxes - IF we close loopholes and get rid of some write offs The Straight Story Feb 2013 #17

Well Proud Liberal Dem Feb 2013 #9

They are evading taxes and want us to let upaloopa Feb 2013 #10

$46 billion in cash means its prices are too high for its products/services nt msongs Feb 2013 #16

Give em the old Cuba/Iran treatment then. TheKentuckian Feb 2013 #18

Still pissy cuz Mittens lost? lpbk2713 Feb 2013 #19