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 Politics

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8. augustus 2011, 20:00:32
Mort 
United States federal income tax incorporates an alternative minimum tax. This tax is computed at a lower tax rate (20% for corporations), and imposed based on a modified version of taxable income. Modifications include longer depreciation lives assets under MACRS, adjustments related to costs of developing natural resources, and an addback of certain tax exempt interest.[52]

Corporations may also be subject to additional taxes in certain circumstances. These include taxes on excess accumulated undistributed earnings and personal holding companies[53] and restrictions on graduated rates for personal service corporations.[54]

Some states, such as New Jersey, impose alternative taxes based on measures other than taxable income. Among such measures are gross income, pipeline revenues, gross receipts, and various asset or capital measures. In addition, some states impose a tax on capital of corporations or on shares issued and outstanding. The U. S. state of Michigan previously taxed businesses on an alternative base that did not allow compensation of employees as a tax deduction and allowed full deduction of the cost of production assets upon acquisition.

http://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States

Taxes are never simple regarding corporations.

8. augustus 2011, 20:03:00
Papa Zoom 
Onderwerp: Re:
(V): Australia, Austria, Canada, Denmark, Finland, France (yes, France), Germany, Luxembourg, Netherlands, Norway, Sweden, Switzerland and the United Kingdom all have lower corporate tax rates than the US.


So maybe you're saying that they should raise those rates to be more in line with the US rates?

8. augustus 2011, 20:13:23
Mort 
Onderwerp: Re:
Artful Dodger: ..... You still don't get accounts.... You cannot cherry pick, it don't work unless you are a moron when it comes to accounts. You can quote 'bites' but they will be still regardless of how much you use them just distortions.

Like I could say...."from under 1%".... to your "So maybe you're saying that they should raise those rates to be more in line with the US rates?"

But to answer that you'd have to look up more on the other countries tax rates and the variations in rates as well as the US variations.



btw.. "In addition, tax rates imposed below the federal level vary widely by jurisdiction, from under 1% to over 16%."


8. augustus 2011, 20:46:15
Papa Zoom 
Onderwerp: Re:
(V): I must be a moron then.

8. augustus 2011, 21:11:44
Mort 
Onderwerp: Re:
Artful Dodger: ... You don't even understand variable tax levels depending on income!! ... .... I know a CEO who would like you. You'd be made financial director and a scapegoat at the same time.

8. augustus 2011, 21:19:44
Papa Zoom 
Onderwerp: Re:
(V): Of course I understand that. I'm just stating the facts as they can be found on the in IRS reporting. For example, 51% of eligible tax payers in the US pay ZERO income taxes.

When Obama asks for everyone to pay their fair share, he only mentions the rich. He leaves out this huge number. OVER HALF of income earners pay nothing. Something isn't right.

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