Catch up on stories from the past week (and beyond) at the Slashdot story archive

 



Forgot your password?
typodupeerror
This discussion has been archived. No new comments can be posted.

Corporation That Pays Nothing in Taxes Complains that Taxes are Too High

Comments Filter:
  • Just because they didn't pay corporate income taxes does not mean they didn't pay anything in Payroll taxes.

    So they did, in fact, pay taxes, and the entire premise of the article and your journal entry is flawed.

    P.S. Barack Obama is a stuttering clusterfuck of a miserable failure.
    • by PopeRatzo (965947)

      Just because they didn't pay corporate income taxes does not mean they didn't pay anything in Payroll taxes.

      Please understand that payroll taxes are computed as a portion of employee compensation. It's not a tax in any way on income. When a company sets the cost of having an employee, the payroll taxes are added to the cost of having that employee. Those taxes don't go to the operation of government (even if the collected Payroll taxes are borrowed against).

      My point is that for those years where no incom

      • It's not a tax in any way on income. When a company sets the cost of having an employee, the payroll taxes are added to the cost of having that employee. Those taxes don't go to the operation of government (even if the collected Payroll taxes are borrowed against).

        Of course those taxes go to the operation of Government, all taxes do.

        Now, imagine a small business with a payroll budget of 100K.

        They need to hire a third person, but they can't. They've hired 2 people at a cost of $40K / year.

        Now drop
        • by PopeRatzo (965947)

          Of course those taxes go to the operation of Government, all taxes do.

          No, they do not.

          Now, imagine a small business with a payroll budget of 100K.

          I can do that, but that small business is actually paying income taxes unlike the company in this story, Corning.

          ow drop this companies taxes, and the cost of the employee drops to $30K / year

          Again, you're equating payroll taxes with income tax. They are not the same thing.

          the company is right, and their taxes are like the rent - just too damn high.

          Read the arti

You're already carrying the sphere!

Working...