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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: J_F_Shepard who wrote (144558)11/3/2008 2:21:01 PM
From: TimF1 Recommendation  Read Replies (1) of 173976
 
Re: "The bottom 90% didn't get an increase in the 93-97 period..." -

You don't accept that data?

What data? You provide no detail at all, no source, no arguments backing up your point, you just make a gratuitous, and false assertion.

Re: Corporations paying taxes -

Please you can do better than that.....show some link or something

Again the demands for evidence are one sided. You don't provide any, but everyone else must.

You made the original point that most corporations don't pay income taxes. That point is pretty meaningless unless its "most profitable corporations, don't pay income taxes or pass along the liability to their owners".

"Corporation" doesn't just mean entities like Exxon Mobil. It includes S-Corps

"In general, S Corporations do not pay any income taxes. Instead, the corporation's income or losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on their own individual income tax returns."

en.wikipedia.org

"The IRS estimates that there were 3.2 million S corporation owners in the United States in 2003 – compared to approximately 2.1 million C corporations and 2.3 million LLCs and other partnerships. "

s-corp.org

It includes not for profit corporations.

"Approximately 1.4 million nonprofit organizations are registered with the IRS. "

urban.org

So you have only more S Corps than C Corps, also more partnerships than C Corps, and 2/3rds as many non profit corporations.

So - The total number of corporations that don't even try for profits, or that pass their profits and tax liabilities along to the owners is close to 7 million. The number of corporations that theoretically may have to pay taxes themselves is only a bit above 2 million.

And then in addition to that you have the fact that many C corporations make no profits.
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