Corporate welfare

[Just AnotherPerson]

So today I am contemplating corporate welfare. I was thinking about how businesses can write off their expenses. Corporations and businesses have found a way to make the rest of us pay for them to run their businesses. https://smallbusiness.chron.com/cost...ness-3123.html

We all pay taxes, at least that is how they make it appear. I have found that this is not the case, and to make matters even worse, the corporations have been given a major tax break, and on top of that they slough off their bills on to the tax payers. On the outside it looks like all of us are paying taxes. But businesses and corporations can write off so much, that some of them pay next to nothing. In the end that means that we do not all pay our fair share of taxes. It is rather the redistribution of money. It is a tricky way to make the little guy pay for the wealthy. Once again the rich living off of the backs of the poor.https://smallbusiness.chron.com/corp...ffs-11654.html

For example, the little guy who works two jobs, may not even be able to afford his own insurance. But he still has to pay his taxes. While the wealthy, can afford insurance for themselves, and their whole families, and even to give it to all their employees. But they get to write it off on their taxes. This means that it is a redistribution of money, and the corporation didn't pay that taxes, and the little guy footed the bill for the wealthy business man. How is it that the most wealthy can use the less fortunate to pay their expenses? https://www.bizfilings.com/toolkit/r...iness-expenses

This is corporate welfare at it's finest. The business man can go on vacation buy expensive lunches, and in they end it is the rest of us who pay for it for them. Here are some links to some things that may be written off on taxes. https://www.irs.gov/businesses/small...iness-expenses

Imagine all of the abuses. If a company knows it will have to pay a certain amount of taxes, then they can purposefully rack up a bill by spending luxuriously in order to balance it out, so that they pay nothing. This is a reality, and it is wrong.

I often see business people talking down about those who have less than them, but they only have what they have by stealing it from the poor.

Here is a link on how Walmart gets out of taxes http://reclaimdemocracy.org/walmart_...ax_dodge_rent/ and here are some other ways https://journaltimes.com/news/local/...ddc9f0ef9.html

How large corporations get around paying taxes
https://www.investopedia.com/financi...-in-taxes.aspx

They also have other scandalous means to get out of paying their fair share
http://www.thefiscaltimes.com/2015/1...ore-Tax-Havens

The list goes on and on and on, I could post links all day long
https://www.newsweek.com/2014/09/12/...es-268303.html

There are so many complaints about giving food stamps and medical to the poor. But there is infinitely more welfare given to the wealthy in our nation. It is just a lie to trash the poor making them seem like beggars, but look no further than the wealthy, to see the largest beggars in the nation.

https://www.nolo.com/legal-encyclope...xed-30157.html
https://smallbusiness.chron.com/corp...xes-59838.html

[Docthehun]

This is a great topic for discussion. I'll get back. Don't be deterred by peanut shots from the gallery.

[donttread]

So today I am contemplating corporate welfare. I was thinking about how businesses can write off their expenses. Corporations and businesses have found a way to make the rest of us pay for them to run their businesses. https://smallbusiness.chron.com/cost...ness-3123.html

We all pay taxes, at least that is how they make it appear. I have found that this is not the case, and to make matters even worse, the corporations have been given a major tax break, and on top of that they slough off their bills on to the tax payers. On the outside it looks like all of us are paying taxes. But businesses and corporations can write off so much, that some of them pay next to nothing. In the end that means that we do not all pay our fair share of taxes. It is rather the redistribution of money. It is a tricky way to make the little guy pay for the wealthy. Once again the rich living off of the backs of the poor.https://smallbusiness.chron.com/corp...ffs-11654.html

For example, the little guy who works two jobs, may not even be able to afford his own insurance. But he still has to pay his taxes. While the wealthy, can afford insurance for themselves, and their whole families, and even to give it to all their employees. But they get to write it off on their taxes. This means that it is a redistribution of money, and the corporation didn't pay that taxes, and the little guy footed the bill for the wealthy business man. How is it that the most wealthy can use the less fortunate to pay their expenses? https://www.bizfilings.com/toolkit/r...iness-expenses

This is corporate welfare at it's finest. The business man can go on vacation buy expensive lunches, and in they end it is the rest of us who pay for it for them. Here are some links to some things that may be written off on taxes. https://www.irs.gov/businesses/small...iness-expenses

Imagine all of the abuses. If a company knows it will have to pay a certain amount of taxes, then they can purposefully rack up a bill by spending luxuriously in order to balance it out, so that they pay nothing. This is a reality, and it is wrong.

I often see business people talking down about those who have less than them, but they only have what they have by stealing it from the poor.

Here is a link on how Walmart gets out of taxes http://reclaimdemocracy.org/walmart_...ax_dodge_rent/ and here are some other ways https://journaltimes.com/news/local/...ddc9f0ef9.html

How large corporations get around paying taxes
https://www.investopedia.com/financi...-in-taxes.aspx

They also have other scandalous means to get out of paying their fair share
http://www.thefiscaltimes.com/2015/1...ore-Tax-Havens

The list goes on and on and on, I could post links all day long
https://www.newsweek.com/2014/09/12/...es-268303.html

There are so many complaints about giving food stamps and medical to the poor. But there is infinitely more welfare given to the wealthy in our nation. It is just a lie to trash the poor making them seem like beggars, but look no further than the wealthy, to see the largest beggars in the nation.

Corporate welfare goes well beyond tax breaks. In fact corporate taxes are simply paid by the consumer anyway

[Just AnotherPerson]

Corporate welfare goes well beyond tax breaks. In fact corporate taxes are simply paid by the consumer anyway

I talk about corporate welfare often, I am aware that it goes way beyond tax breaks. You are right about that. But I just wanted to cover it rationally and in depth. Please feel free to go into depth on any angle of corporate welfare. https://www.welfareinfo.org/corporate/

Here is a great article https://www.huffingtonpost.com/bill-...b_4589188.html

[hanger4]

Bad news @Just Another Person, corporations don't pay taxes, you the consumer pays all the corps taxes.

[Tahuyaman]

Allowing a corporation or business to keep more of their earnings is not a welfare program.

[Tahuyaman]

Bad news @Just Another Person, corporations don't pay taxes, you the consumer pays all the corps taxes.

They do pay taxes, but those taxes are factored into the cost of their products.

Government is addicted to more and more taxation. Everyone pays for that in some way.

[Tahuyaman]

Tax increases are always welcomed and even praised by the left. They seem to judge the compassion level of the nation on by how high the tax rates may be. The higher the taxes, the more compassionate we are as a nation.

Cuts in tax rates are portrayed as evil. Increases in tax rates are portrayed as showing empathy and compassion.


I guess that we can never be a truly compassionate nation until all income is confiscated then doled out to everyone according to the needs of each as perceived by government.

[William]

Good topic JAP - and it's not just corporations who are looked after by government. I just found out that in Australia we have a tax rort called 'Negative gearing'. This is a system where rich people buy investment property (like houses and stuff) on a huge mortgage, and let it. The incoming rents will be less than the outgoing mortgage payments, and they are allowed to deduct the losses from their other income for taxation purposes. What this does, other than making already rich people richer, is keep the price of housing high, and stop loads of young families buying their own home.

My dad is not wealthy, but he has a professional practice, and could probably afford to do that, but he says it is immoral and would like to see negative gearing disallowed by the tax department. But we have a very conservative government, and that wouldn't be popular with their rich mates who fund the Australian conservative party.

Oliver Wendell Holmes Jr. once wrote - "I like to pay taxes. With them, I buy civilization."

I think this - from Professor Ron Moodie of Melbourne University - is interesting.

Seen as a contribution to our collective wellbeing, taxes and rates may be uncomfortable to pay but in the long run they do us a lot of good. We have footpaths, bike trails, roads, a police force, a defence force, arts centres and sports stadiums, to name but a few benefits.

If our political and community leaders continue to demonise tax to provoke outrage, I believe we will start to feel less inclined to contribute to our own collective wellbeing.

Our tax system will become decreasingly fair and less progressive as we mutate to a pull-up-your-socks, no-entitlement, user-pays system where those with more get more and those with less get less. We will end up with a more divided, less compassionate, less safe, less vibrant, and a scientifically, intellectually and economically diminished Australia.

[Peter1469]

How much in income taxes do the employees of corporations pay?