Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (434853)	11/13/2008 6:49:08 PM
From: TimF	Read Replies (1) \| Respond to of 1574487

They do...they pay income taxes on net earnings In effect so do ordinary tax payers, who have a job. They can deduct a number of expenses very directly related to the job, they can't deduct for spending that's not part of the job. Of course with a corporation, all of the spending is connected to the job, since it isn't an actual human being that has a life other than its business activity. They don't get to deduct all of the expenses, but they get to deduct quite a lot.

To: Alighieri who wrote (434853)	11/13/2008 7:56:38 PM
From: Tenchusatsu	1 Recommendation Respond to of 1574487

Al, > They do...they pay income taxes on net earnings and they can deduct just about anything and everything...so the net earnings have been scrubbed by the best tax attorneys money can buy. This is going off into a tangent, but I already hear ya regarding the tax burden of businesses vs. individuals. After all, a business gets taxed on profits, not revenue. Expenses such as junkets become "tax deductions" because it reduces taxable profits. It's part of the reason why I find Arianna Huffington to be a real hypocrite when it comes to taxes. As an individual who can claim to having a book-writing business, she can write off most of her cars, trips, meals, and five-star lodging to her business. Try doing that on an individual tax return. But the ultimate point I'm trying to make is that the solution isn't to raise taxes on those you think aren't paying their "fair share." Instead, the solution is to demand how our existing tax dollars are being spent before asking others to pay their "fair share." Tenchusatsu