My tweets

Aug. 18th, 2011 12:20 pm
doronjosama: (Default)
[personal profile] doronjosama
  • Wed, 16:46: So this morning, I learned it was not a fluke last week when the 509 bus was late. That 509 can be a poky puppy when it wants to.
  • Wed, 16:47: What this means to me is that I will have to get up earlier to make sure I get to work on time on New Comic Book Day. I hate early rising.
  • Wed, 16:51: RT @Wheeler: This is very sweet and very positive: One mother's account of her six-year-old son's love for a gay TV character. http://t. ...
  • Wed, 16:52: RT @evanier: Warren Buffett argues to tax the rich more. The GOP response: The 3rd richest man in the world just doesn't understand how ...
  • Wed, 18:03: @piousknob, please tell me you are watching this show. Toriko op http://t.co/V9fStJi via @youtube
  • Wed, 19:46: RT @Comixace: Best factoid of the day: *Government* Jobs Led To Perry's Economic Boom http://t.co/qiKtULw
  • Thu, 07:32: RT @willworks: Thank god Elin makes the endcaps at the store, or I'd make one called "Poser abuse: all you dumb fucks are being tricked"
  • Thu, 07:39: @Akeashar The bad thing is that I've noticed such a strong shift in fandom- so many more women fans & artists. Happened in anime fandom too.
  • Thu, 09:04: @Akeashar @FuzzWolf2000 Which just confuses me, honestly, since I've been a fag hag since my teens. ^_^;
  • Thu, 09:21: RT @radiocomixinc: Mark Barnard & Terrie Smith's sci-fi romp Havoc INC has updated! http://t.co/oVbG99A

Date: 2011-08-20 12:53 am (UTC)
From: [identity profile] hauptmann.livejournal.com
Actually, they do pay taxes, but what's usually run around is how little they pay at the end of the fiscal year, or how much they're "subsidized".
What gets thrown around as a reason to popularize hatred are the annual profits made, while intentionally leaving out what became of the profits, the liabilities involved; payroll taxes (largest part of operations), US state and local taxes, expenses (R&D, equipment, materials), dividends paid out to investors and retirees, salaries, and insurance payments. If a corporation has international holdings, then they pay taxes to the host country as well. Out of all that, then the corporate taxes after any or all of the above is written off.

What doesn't help in your case is the fact that you are a small business. And with all small businesses, you don't operate with a budget where you can write off liabilities, nor does your company produce goods or services consumed by billions of people so that you can pass the cost of corporate taxes to the consumer, where big corporations can and need to in order to remain in business.

This is why tax increases are always increases on the poor and middle class.

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