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joshcryer

(62,536 posts)

11. Large corporate is about 13% small is 20%.

Reply to Dwayne Hicks (Reply #8)

Thu Aug 1, 2013, 04:28 AM

Aug 2013

We're talking effective tax rate here, of course. Very large corporations can use the loopholes, and of course small businesses have a tiered tax rate (so a company making 10k isn't going to be taxed at 35%).

The problem is that the effective tax rate for corporations in the United States is 13%, but 20% for small businesses.

Note: the SBA (Small Business Association) does consider a business "small" if it has under 500 employees, so if you look at Table 26 in that report you can break it down a bit further and see what I'm talking about.

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Obama Calls Out Republicans For Wasting Time On Keystone: �That�s Not A Jobs Plan� [View all] Galraedia Jul 2013 OP

Good to hear Obama speak the truth about this environmental boondoggle... think Jul 2013 #1

He's still for it for geopolitical reasons. joshcryer Aug 2013 #9

He's right. vi5 Jul 2013 #2

That's not what he's doing. He's lowering those paying 35% to 28% and those paying 0% to 28%. freshwest Aug 2013 #4

While closing loopholes is needed... Dwayne Hicks Aug 2013 #6

The corporate rate actually harms smaller businesses who can't take advantage of loopholes. joshcryer Aug 2013 #7

Is it the same? Dwayne Hicks Aug 2013 #8

Large corporate is about 13% small is 20%. joshcryer Aug 2013 #11

Thanks Dwayne Hicks Aug 2013 #12

The main focus are those companies that pay zero or negative tax. joshcryer Aug 2013 #13

Yeah it's bullshit... Dwayne Hicks Aug 2013 #14

Indeed. joshcryer Aug 2013 #16

The ones who shipping jobs overseas are the ones paying 0% now. That is what he's stopping. freshwest Aug 2013 #15

Sorry, freshwest, but Obama has always supported Keystone. joshcryer Aug 2013 #17

This message was self-deleted by its author freshwest Aug 2013 #18

Tax incentives have never created many jobs. Katashi_itto Jul 2013 #3

He's right Dwayne Hicks Aug 2013 #5

Mahalo, Pres Obama! Cha Aug 2013 #10

Thanks for the info guys. I'll look into the President's proposal more in depth. PragmaticLiberal Aug 2013 #19

"That's not a jobs plan!" Major Hogwash Aug 2013 #20