American corporations are required to pay 50% tax on the difference between what they list as the profit l on their financial statements minus what they list on their income tax returns. We shall call it the Corporate Profit Shifting Tax.
Company A files corporate financial statements saying they had record profits of $300,000,000,000.00.
Company A says on it's tax returns that it only made enough to owe $50,000.
Company A owed $149,999,975,000.00 in Corporate Profit Shifting Taxes.
They literally never do that. Plus, any taxing of companies gets passed on to its employees and customers. Do you think they'll want to pay their employees more if they had less money? Speaking of which, they have to pay payroll taxes which are not even mentioned when an employee comes to work for them. Nobody includes the payroll tax as their earnings even though the employer has to pay that. Amazon must be paying a billion or two in payroll taxes every year.
You don't understand how taxes work and you are engaging in a red herring. This is about taxes, not employee pay. Oh, and you are probably one of the idiots that are going about that wrong as well.
Here is the solution (Score:2)
Company A files corporate financial statements saying they had record profits of $300,000,000,000.00.
Company A says on it's tax returns that it only made enough to owe $50,000.
Company A owed $149,999,975,000.00 in Corporate Profit Shifting Taxes.
Give me one reason wh
Re: (Score:2)
They literally never do that. Plus, any taxing of companies gets passed on to its employees and customers. Do you think they'll want to pay their employees more if they had less money? Speaking of which, they have to pay payroll taxes which are not even mentioned when an employee comes to work for them. Nobody includes the payroll tax as their earnings even though the employer has to pay that. Amazon must be paying a billion or two in payroll taxes every year.
Re:Here is the solution (Score:2)