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1939

(1,683 posts)

36. I keep seeing this graphic and don't understand where the numbers are coming from.

Reply to Playinghardball (Original post)

Thu Jul 16, 2015, 06:59 PM

Jul 2015

I go to a publication called Value Line which does stock analyses for investors.

Lets take PACCAR (makes Peterbilt and Kenworth over the road large trucks)

Net Profit in Millions
2008 1,017.9
2009 83.0
2010 457.6
2011 1,042.3
2012 1,111.6
2013 1,171.3
2014 1,359.2

Income Tax Rate By year
2008 30.5%
2009 36.1%
2010 30.7%
2011 30.8%
2012 31.8%
2013 30.9%
2014 31.0%

PACCAR wouldn't have any of these green incentives since they are a truck manufacturing company.

Why the difference between Value Line's numbers and the graphic posted by the OP?

Corning's income tax rate was more variable, dropping to 3% in 2009 and 2010 before climbing back to 30.7% in 2014.

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Didn't pay any taxes yet received $8.8 billion from government! [View all] Playinghardball Jul 2015 OP

keep it kicked. nt Ilsa Jul 2015 #1

Tax evasion another crime of the megawealthy that goes ignored. nt WDIM Jul 2015 #2

I don't think companies can be tax evaders yeoman6987 Jul 2015 #30

wtf??? companies can't be tax evaders? CreekDog Jul 2015 #42

Helps when one is aided and abetted by every shareholder. nt raouldukelives Jul 2015 #34

KNR n/t DirkGently Jul 2015 #3

I know, let's give them "tax incentives" BrotherIvan Jul 2015 #4

+1000 nt abelenkpe Jul 2015 #13

...... daleanime Jul 2015 #22

That would be Pepco. Igel Jul 2015 #31

kick Doctor_J Jul 2015 #5

...that are part-time, temporary with no benefits! SoapBox Jul 2015 #12

Disgusting, isn't it? mmonk Jul 2015 #6

It gives me a warm fuzzy feeling know that I can do my part by paying higher taxes, driving GoneFishin Jul 2015 #7

It might be helpful to post their last 3 years of profits/losses. former9thward Jul 2015 #8

Looks to me like its from 2008 to 2012. bunnies Jul 2015 #10

Actually you can carry net losses forward for 20 years. former9thward Jul 2015 #18

Thanks to pay as you go governance.... daleanime Jul 2015 #24

Yes of course. former9thward Jul 2015 #25

Could you post that information, please? JDPriestly Jul 2015 #14

That would take days to produce. former9thward Jul 2015 #17

If the companies had lost a lot of money and if that was why they paid JDPriestly Jul 2015 #19

If it is not hard to find former9thward Jul 2015 #21

Kick. hifiguy Jul 2015 #9

Kicking..... n/t Hotler Jul 2015 #11

There should be an alternative minimum tax for Corporations Motown_Johnny Jul 2015 #15

There is one. Form 4626. former9thward Jul 2015 #20

These may be some of the larger evaders erronis Jul 2015 #16

Everyone evades when possible. former9thward Jul 2015 #26

That you think everyone does it CreekDog Jul 2015 #33

That you don't says former9thward Jul 2015 #35

You think everyone cheats, that means you cheat, correct? CreekDog Jul 2015 #37

No, everyone does not evade taxes, not even all waitstaff and bartenders. Gormy Cuss Jul 2015 #39

How come people prefer to be paid in cash? former9thward Jul 2015 #40

I prefer to get a check CreekDog Jul 2015 #41

you seem to think everyone lies CreekDog Jul 2015 #44

Because they control the tip out. Gormy Cuss Jul 2015 #45

And you believe they completely report the full amount to the IRS? former9thward Jul 2015 #46

I believe that most try to, yes. Gormy Cuss Jul 2015 #47

In places I go people tip well above the standard 15-20%. former9thward Jul 2015 #48

i thought you said people cheat and evade? CreekDog Jul 2015 #50

That's called an anecdote Gormy Cuss Jul 2015 #53

I know. former9thward Jul 2015 #54

Not strange at all, if you look at my responses in this thread. Gormy Cuss Jul 2015 #56

you said everyone evades when possible, i notice when asked if you're part of "everyone" ...silence CreekDog Jul 2015 #43

How would Hillary's tax incentive strategy work in this case to improve worker wages? jalan48 Jul 2015 #23

America -- The best government Le Taz Hot Jul 2015 #27

Now you know why the "highest corporate tax rate in the world" meme is ridiculous jmowreader Jul 2015 #28

k and r niyad Jul 2015 #29

Almost all energy companies. Indydem Jul 2015 #32

I keep seeing this graphic and don't understand where the numbers are coming from. 1939 Jul 2015 #36

Can the GOP at least agree... Takket Jul 2015 #38

K & R Quantess Jul 2015 #49

k and r. riversedge Jul 2015 #51

The corporations angryvet Jul 2015 #52

No wonder our government is so broke. Initech Jul 2015 #55

I think we should lower corporate tax rates TheFarseer Jul 2015 #57

. libodem Jul 2015 #58