Money Snatchers

birdie asked: Most “US” corporations are not even US anymore. If they avoid US taxes shouldn’t they be “kicked to the curb” when it comes to US government contracts?
Let the chips fall where they may. if they do not support America – Why should we support them?
I really would like to hear from GOP supporters [...]

Brian J asked: Follow my logic
Company A – Makes a widget for $5 and sells it for $10 = $5 profit
If Company A has a $1 tax then it must sell its widget for $11 to maintain profit levels.
Therefore, the people who really pay corporate taxes are the consumers?
So following [...]

liam c asked: Is it true that US corporations declare their profits in Ireland to avoid paying higher tax in the US, and is it true that the US govt. would like to see Ireland raise corporation tax rates?

ifoyo asked: Since corporations simply pass the tax on to the consumers as higher prices for their product, How does that help the country? It is actually a disguised tax INCREASE. Obama’s PLAN.

♡♪sing♪♡ asked: Ive heard that Obama is planning on making a high tax for those corporations who like to outsource (*COUGH*FRIGGIN SALLIE MAE *COUGH*). Is this true? If not, do you think it should be, cause God knows I do! JEEBUS! DX

supercop13x asked: In college I learned that businesses considered all expenses (i.e. wages, energy, rent, etc.) when determining how to price their products. I assumed taxes would also be considered, but most people I talk to seem to consider corporate taxes as taxes on “the rich”. However, if corporations include tax expenses in [...]

naturalway42 asked: A corporation makes $250K / year. Its expenses are $50K.
=> Net profit of 250 – 50 = $200K.
The corporation intends to buy real estate in future and needs to save money so if the corporation buys shares of other corporations (like yahoo, google, walmart) for $200K.
Does that mean the corporation nets to zero [...]

Carlos G asked: I know for personal income tax i have to pay tax on any icome earned overseas but do the same rules apply to corporations.