Do you blame them? Publically traded corporations sole responsibility is to deliver profits to their shareholders. Period. You don't do that and you don't survive as a business. I don't blame them one bit for using every bit of accounting magic to make their numbers look better and reduce their tax burden. There are over 70,000 pages of tax code. Most of it written by businesses themselves through lobbyists and think tanks. Why would they not attempt to get the best bang for their buck? We're not talking about social issues here, we're talking about profits. Shareholders could give two rats asses less about social issues when their 401K or retirement fund is banking on you turning a profit...
Do you as a taxpayer simply write down 28% (or whatever % of your income the govt says you owe) of your gross income and send that in to the government? Or do you take the deductions and itemize and find all the little nooks and crannys (health care costs, mileage to and from the dr, donations to charitable orgs, investment capital losses, etc, etc, etc...). If you take the deductions, even the standard exemption, then you are no better than these corporations you are villfying. You are cheating the government from collecting your hard earned money! I think your final quote looks much better like this: "Systemic flaws in Government as it is practiced today, is why the world is trending toward this economic and socialistic mess." Jeff -----Original Message----- From: Vivec [mailto:gel21...@gmail.com] Sent: Saturday, May 14, 2011 9:34 PM To: cf-community Subject: @sam why big business does NOT equal more jobs/revenue Take a look at this infographic which explains what people have been saying here for a while, and which you have denied. http://mashable.com/2011/05/13/corporate-tax/ All these large corporations and their highly paid CEOs etc. aren't putting their share toward the US economy at all. And from this we have the ripple effects through markets throughout the world. The quote at the end though is the real tragedy: "It is unclear how to remedy the situation.." Systemic flaws in Capitalism as it is practiced today, is why the world is trending toward this economic and social mess. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:337834 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
