High corporate taxation?

Zoktoberfest's picture

Maybe I just think differently than most.

My dyslexia would suggest that.

But concerning corporate taxation, I appeal to the legions of corporate tax accountants and the ultimate objective of their profession.

Is not finding and exploiting every possible existing loophole in the corporate tax laws, the primary reason for their existence.

Here is a perfect example (one of many I could site) of how Obama fails to exploit an obvious tactical opportunity.

In this case, the inability to position the reputation of corporate accountants against their employers gross overstatement of tax liability.

IF corporations are paying maximum taxes, THEN corporate accountants are useless incompetents, worthy of public derision and a ride in the clown car. 

OR:

IF corporate accountants are savvy and efficient  manipulators of corporate tax law, THEN corporations would be paying the minimum, if any tax and in some cases receive a refund.

Which is it corporate tax accountants?

The Democrats, in general, lack basic rhetorical street fighting skills, such as, playing the ends against the middle.

When confronted In some dark political alley, we "put up our dukes" while the republicans brandish, all manner of Medieval weaponry.

Obama inexplicably believes, that being respected is a function of, and proportional to, being liked.

The Republicans, in their machinations to command respect, properly perceive the function to be, mostly, inversely proportional when applied.

Comments

Bush_Wacker
Bush_Wacker's picture
The maximum tax is of little

The maximum tax is of little concern.  It's the minimum tax that needs to be correct and administered too.  When an individual persons taxes are lowered then they simply pay more in fees and percentage points.  An individual persons financial obligations to the government never really go down.  It's all an illusion.  When a corporations taxes are lowered, there is no other financial obligations to the government in which to raise.  They simply make more money.

Zoktoberfest
Zoktoberfest's picture
I was referring to the

I was referring to the maximum or minimum taxes paid within the current existing corporate tax bracket.

Corporations are implying that they are paying almost 40% in taxes, 2nd highest rate in the world, behind Japan.

I'm saying, that regardless of the stated tax bracket (40%), an effective corporate accounting department will reduce the actual tax liability to a fraction of the official tax bracket.

All corporate accountants are expert at doing this and therefore all corporation pay greatly reduced taxes.

So, IF even one big corporation is actually paying 40% on gross profits, THEN heads would quickly need to roll in accounting. 

Companies claiming they pay the maximum of there tax brackets are making their accountants look like incompetent fools.

Which of course, they're not.