20 U.S. Companies that Paid 0% in Taxes
 

SOURCE

News Corp = FOX? You'd think they'd have more more then 13 mil...

My 4 US companies generally pay zero tax as well, because all the income passes through to my personal 1040 and I pay it as personal income tax.

Not paying corporate income tax is not the same as not paying any taxes.

At 3,951,104 words long, the U.S. Tax Code is seven times the length of Leo Tolstoy?s ?War and Peace? - one of the longest reads of all among the academically minded. But wait. The Code is also twice the length of the King James Bible plus the entire works of Shakespeare combined.

That's millions of pages of tax loopholes, credits, and various tricks written into legislation after corporate lobbyists pushed their employers special interests thru.

After all, without loop-holes, common sense says a simple breakdown of income earned, and percentage's to pay would only take a couple of pages. The code is nothing but a tax avoidance system for corporations.


http://s16.postimg.org/lojnjczph/tax...ral_tax_re.png

Why pay taxes if you don't have to? Get a good accountant and write everything off.

you sound like an audit waiting to happen.

Like the everyday breakfast's with your wife you mentioned in the past? Just wait till you get hit with an audit.

I have major deductions as well but the AMT (Alternative Minimum Tax) kicks in making some of them irrelevant. Surely your accountant knows what the AMT is …..


.

i got audited and a lot of stuff the my accountant "wrote off" was not allowed...though its really best to get a tax lawyer if you get audited. i wish i had.

They paid plenty of taxes from employees earnings.

Most people are too simple minded to understand what "matching" is.

Brad

...whether or not that's enough tax on these mega corporations.. Probably not! Bad tax code.

Brad

Im guessing their tax structures are slightly more complex than an LLC ;)

Personally, I always pay taxes I don't have to just for that happy feeling it gives me.

:1orglaugh:1orglaugh:1orglaugh

Quite a few large corporations deduct employees state income taxes out of their paychecks, but don't remit these taxes to the states. It's supposed to be a job retention *subsidy*.

Nissan, Sears, Ford, Goldman Sachs, GE, GM, Verizon, Adobe, P&G among others

Taxing income beyond a low flat rate is counterproductive. Taxing spending is much more effective and better from a macroeconomic standpoint. That's true on the corporate side if things as well.

When you tax spending you can use your tax rates to promote useful spending (R&D etc) while curtailing less helpful spending on superfluous items.

And, when you tax spending you are also collecting revenue from those that are part of America's growing cash economy.

lol, ive been audited twice. No thanks

Sounds like an S-Corp.

I guess that's states rights for ya.

Brad

Yeah good luck with changing "the system".
Solution: become part of the fucking system and get motherfucking RICH.

Just like Jon Stewart and his brother (who runs the NYSE).
Fucking hypocrite.

I couldn't find the link to an article that also featured a video expose where random employees of some of these companies were shocked to find out that their state income taxes weren't going to the states, but right back in their employers pockets. Meaning their employers never said a peep. I think transparency would have been a better option to maintain corporate integrity. But then again, *corporate integrity* is probably an oxymoron.

Did something change in the tax code where it is no longer legal to expense out a meal for business reasons? I am out of the country right now on a business trip - I am surely not here on pleasure - and I'll write off every meal I have here.

I don't write off breakfast every morning - that was a over statement - but if you don't think corporate America doesn't write off catered breakfasts for meetings and lunches, you are kidding yourself.

My accountant says only 50% - and you need the receipt with notes on the meeting in case of an audit.

EXACTLY.

Let's also keep in mind these companies pay LOT's of taxes for the people they employe.

Heck 50% of Americans do Not pay income taxes, and Many get thousands back they never paid in..... (if we are talking INCOME tax only)

Spot on!

Nothing wrong with the current tax system, it's what the people want because if they did not want it they would take their grievances to their elected officials and demand change. Let the working poor bear the brunt of paying taxes who happen to support tax cuts for the job creators who ship jobs overseas.

You mean Mr. Leibowitz?

Corporate tax rates should be under 10% or even 0%. There would be a giant sucking sound from all those countries they do business in now back to the US.

The current tax system is wrong because of everyone taking their grievances to elected officials. You give everyone a voice and nobody gets heard (think: audience at a rock concert).

the big difference is they have an army of lawyers and you don't. they always go after the little guy because its easier. the little guy doesn't have five different lawyers going through each expense making sure its bulletproof. just wait..it may never happen but if it does, i bet you'll be denied a number of things you 'wrote off'.