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

To: Alighieri who wrote (602026)	2/28/2011 12:21:21 PM
From: Brumar89	Read Replies (1) \| Respond to of 1576842

Doesn't that chart include VAT taxes, essentially sales taxes?

To: Alighieri who wrote (602026)	2/28/2011 5:49:07 PM
From: i-node	1 Recommendation Read Replies (1) \| Respond to of 1576842

>> Secondly, the favorite tale being told is that the US has the highest corporate taxes in the world...look at the chart and you tell me if that's true...by the way, taxes are paid on earnings not revenue. How about you re-draw your chart giving effect to corporate state income taxes and franchise taxes and property taxes and sales taxes and excise taxes and employer's share of social security and medicare taxes and unemployment taxes and hundreds of other taxes that are dumped on American corporations. This is BEFORE we even TALK about one of the worst taxes of all -- the UNION SURCHARGE.

To: Alighieri who wrote (602026)	3/1/2011 12:58:01 AM
From: Tenchusatsu	1 Recommendation Read Replies (2) \| Respond to of 1576842

Al, > by the way, taxes are paid on earnings not revenue. I know that, but I'm going by the numbers you posted: > The Treasury Department estimates that various corporate tax breaks will cost the federal government more than $1.2 trillion over the next ten years (2008-2017), a period during which total corporate revenues are projected to equal $3.4 trillion. By definition, the revenue numbers do not include expenses due to taxes. Net earnings are obviously going to be a fraction of revenues. Don't you see a problem with the numbers you posted? 1.2 is 35% of 3.4. That means the effective tax hike would be 35% of total revenues. My guess is that the decimal point in the revenue estimate is in the wrong place. But why can't you check your own figures before posting them? Just use a little math. Tenchusatsu