America officially has the highest taxes in the World...

Gee, if everybody just paid their fair share...

 

Finally, an admission that we do indeed have the highest corporate tax rate. I knew that last post would get it out of you.

 

Once again, I was not referring to effective rates, which we rank among the highest anyway. Move along now.

 

...and you're still not showing any evidence that he did.

 

So you don't believe dbreciation is a legitimate expense, OK. I would wager you don't agree with loss carryforwards either.

I guess XOM didn't get much benefit from these benefits, as they paid $31.1 billion in income taxes.

The examples of GE, BAC, and C were from losscarryforwards.

And btw, I think the investment banks are almost criminal in their behavior and would be in favor of bring back Glass Steagal.

 

Finally, an admission that your title and post heading were false. I knew that last post would get it out of you.

 

No because it is not talking about 2012. As I said you have to take things out of context to make your false point

 

You are the one not keeping to what the OP is talking about

 

Yes like the 47% that pay no federal income tax

 

No it is correct

 

No that is incorrect.

 

No that is incorrect.

 

No it is not. You want to make it about tax after deductions the OP is about tax before deduction

 

Don't be so hard on yourself. You referred to evidence that, with the valid effective rates available, destroyed the OP. I refuse to accept that you don't understand the evidence that you're trying to use

 

Yes it is. You want to make it a discussion about the tax "rate" when the OP title and heading said "taxes".

And I never said boo about wanting to make it about tax after deduction. Quit fabricating. If you are talking about how much US corporations pay in taxes you are talking about taxes paid, not nominal tax rates.

 

Whatever makes you happy.

 

This is true. Comparing taxes after deductions is not very accurate, as companies do not all have the same deductions, tax havens, etc.

 

Please explain why, when you are talking about the effects of corporations paying high taxes, looking at what taxes were actually paid is "not very accurate".

 

The nominal rate is fixed.

Effective rates will vary.

 

OK. So what.

 

Makes it harder to compare than a standard corporate tax rate. That's what.

 

There's no valid comparison without effective rates. You know that

 

I'll admit that effective tax rates are more idicative of what a company pays in taxes, as long as you admit that the U.S. has the highest corporate tax rate.

 

I'll say it again, even though you know that I'm correct: to make comparisons of corporate tax rates we have to refer to effective rates. You're therefore providing a deliberate misrepresentation

 

OK, apparently you only read what you want to read. I'll repeat myself:

"I'll admit that effective tax rates are more idicative of what a company pays in taxes, as long as you admit that the U.S. has the highest corporate tax rate."