BIG BUSINESS MUST PAY TAXES

BIG BUSINESS MUST PAY TAXES | IF THEY CAN AFFORD TO BUY ELECTIONS THEY CAN AFFORD TO PAY TAXES | image tagged in bernie sanders,taxes,popular,hot | made w/ Imgflip meme maker
5,634 views, 120 upvotes, Made by Wunmor 33 months ago bernie sanderstaxespopularhot
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9 ups, 1 reply
But Thats None Of My Business Meme | LIPTON IS ONE OF THE LOGOS ON THIS IMAGE BUT THAT'S NONE OF MY BUSINESS | image tagged in memes,but thats none of my business,kermit the frog | made w/ Imgflip meme maker
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6 ups
[image deleted]
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4 ups
true
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3 ups, 1 reply
Black Girl Wat Meme | THEN WHATS THE POINT OF BUYING ELECTIONS? | image tagged in memes,black girl wat | made w/ Imgflip meme maker
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1 up
To get the congress to enact laws that are in your favor or to hurt your competitors.
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3 ups, 1 reply
Why is the NASA logo up there?
all of their funding is taxes so if they payed taxes it would just go back to them
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1 up, 1 reply
lol I didn't notice that.Its just a stock image that came from a google search.I was just trying to show examples.Good catch though!
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2 ups
Oh, why, thank you
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3 ups
know your enemy ...major corporations
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2 ups
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3 ups
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2 ups
would you say a lot of this dilemma is rooted in capitalism?
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[deleted]
1 up
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1 up, 1 reply
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2 ups, 1 reply
The tax code is 73.000 pages . Republicans decry the Untied States as having " the highest corporate tax rate in the world " and that we need to lower corporate taxes . Huh ? PEPCO has a -34% tax rate under the current code . if you cut the rate by 10 % they would have a -44% tax rate under the current tax code. America ranks first with a 39.1 percent corporate tax rate, compared to an OECD average of 24.1 percent. The OECD figure is what's called the statutory rate, meaning the base rate applied to corporate profits. These companies , which are examples and not anomalies , DON'T EVEN PAY THE AVERAGE RATE and we need to lower corporate taxes ??? More like we need to gut the tax code of these loopholes that have codified corporate tax welfare into law and pass out the money earned by hard working Americans to people err corporations who don't need it .
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0 ups
" The tax code is 73.000 pages "

Yes, the tax code is much too complex. Let's simplify and cut out the loopholes, including the ones that allow for single mothers like the woman I worked with who had three kids, regularly hit the bars, constantly called in sick, and spent $300 month on cigarettes.

This woman would receive a tax return on an approximate 25k income of about 8 to 10 grand a year, and blow it with lightening speed.This isn't even counting her food stamps and housing. To suggest this woman's description is not common would be beyond disingenuous, it would be flat out lying.

" Republicans decry the Untied States as having " the highest corporate tax rate in the world " and that we need to lower corporate taxes "

That's correct, it does. Not only does the US have one of the highest corporate tax rates in the world, but it's also ranked 32nd on the ITCI ( International Tax Competitive Index ) list of countries out of a 34 country ranking. Taking only a back seat to Italy and France.

This ranking is not only determined by corporate taxes , but by many factors, including the tax code and return rates on investments. You like many liberals seem to want to boil taxes down to rates. codes, economic class, or what ultimately ends up in the treasury of the government. That there alone says more about the motives of those going after corporations than I think your understanding allows you to realize.

The United States provides the quintessential example of an uncompetitive tax code. The last major change to the U.S. tax code occurred 29 years ago as part of the Tax Reform Act of 1986, when Congress reduced the top marginal corporate income tax rate from 46 percent to 34 percent in an attempt to make U.S. corporations more competitive domestically and overseas.

Since then, member countries of the Organisation for Economic Co-operation and Development (OECD) have followed suit, reducing the OECD average corporate tax rate from 47.5 percent in the early 1980s to around 25 percent today. In 1993, the U.S. government moved in the opposite direction, raising its top marginal corporate rate to 35 percent. The result: the United States now has the highest corporate income tax rate in the industrialized world.

The problem isn't government taxing too little, but spending too much. And 2/3 of that spending goes to social programs for this woman I described above who only consumes, not businesses that produce.
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1 up
-No corporations
-!00% tax
Upvote for moneyless society
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1 up, 1 reply
>Nintendo having a hand in US Politics
Why would they care about the major politics of a country that isn't where whey origninated?
Also, why would Wendy's, a food chain care about presidential elections?
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2 ups, 2 replies
The fast food industry gives lean paychecks to workers and fat ones to their CEOs.taxpayers are subsidizing fast food incomes at both the bottom and top Yum Brands, which operates the Taco Bell, KFC, and Pizza Hut chains. Wages for the corporation’s nearly 380,000 U.S. workers are so low that many of them have to turn to taxpayer-funded assistance programs to get by. The NELP estimates that Yum Brands’ workers draw nearly $650 million in Medicaid and other public assistance yearly.at the top end of the company’s pay ladder, CEO David Novak pocketed $94 million over the years 2011 and 2012 in stock options gains, bonuses and other “performance pay.” That was a nice windfall for him, but a big burden for the rest of us taxpayers.
Under the current tax code, corporations can deduct unlimited amounts of such “performance pay” from their federal income taxes. the more corporations pay their CEO, the lower their tax burden. Novak’s $94 million payout,lowered YUM’s IRS bill by $33 million.Individual taxpayers make up the difference
Combined, these firms’ CEOs pocketed more than $183 million in fully deductible “performance pay” in 2011 and 2012, lowering their companies’ IRS bills by an estimated $64 million. To put that figure in perspective, it would be enough to cover the average cost of food stamps for 40,000 American families for a year.My new Institute for Policy Studies report calculates the cost to taxpayers of this “performance pay” loophole at all of the top six publicly held fast food chains — McDonald’s, Yum, Wendy’s, Burger King, Domino’s, and Dunkin’ Brands.
After Yum, McDonald’s received the second-largest government handout for their executive pay. James Skinner, as CEO in 2011 and the first half of 2012, pocketed $31 million in exercised stock options and other fully deductible “performance pay.” Incoming CEO Donald Thompson took in $10 million in performance pay in his first six months on the job. Skinner and Thompson’s combined performance pay translates into a $14 million taxpayer subsidy for McDonald’s.
these fast food giants are pocketing massive taxpayer subsidies for their CEO pay while fighting to keep their workers’ wages at rock bottom.Walmart a major distributor of Nintendo use the same tax dodge.Keeping tax loopholes and not raising minimum wage by donating millions to fund elected officials that side with corporations instead of workers.
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1 up
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2 ups, 1 reply
Nintendo America also profits from avoiding taxes and minimum wage workers while Nintendo projects over 1 billion dollars.
These same tax laws benefit corporations across the board of any industry that operates in America.Smaller business benefit as well but not to the proportions of the mega business's.Think about the millions of workers,blue or white collared that grind away for $10000 to $50000 a year for national chain company's with no job security and barely getting by while the owners,CEO and executives take paychecks in millions of dollars per year ,claiming if they give workers an increase they'll have to raise prices and would go out of business.When the reality is if the company would redistribute payroll in a more equitable way,executives and workers would benefit as well as the business because workers would have disposable income that affords them to buy goods or services.
That's why we need corporate sponsorship out of government and bring in a system that will bring fairness and prosperity for the citizens and business's not just 1%

#Bernie 2016
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2 ups, 1 reply
Hate to tell you this but Bernie doesn't stand a chance. The powers that be have already picked Hillary. Trump, Carson, Fiorina, Rubio, Sanders ... nope. They'll pick Hillary. Hillary has already tied up the Democrat superdelegates. It's already over.
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1 up, 1 reply
I know what you're saying,but primary's are still a few months away so time will tell.Nothings over until it's over.
I stay with Bernie,and I believe he does have a very good chance.
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2 ups, 1 reply
Look, we're on opposites sides of the political spectrum but I've been predicting a Hillary win for 2 years! ... personally, I've lost all confidence that votes are actually counted in national elections. I just simply don't believe it anymore. Would it surprise you if the election were hacked and Deez Nuts actually won? :) I personally believe that somewhere, maybe offshore even, our elections are decided by people who have a vested interest in certain pols being put into office because they'll do and say whatever they're told. Maybe I'm wrong but we will probably never know.
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2 ups
I think you could be right.I know there's a million people that have come to believe that too,especially after the Bush vs Gore election.
That's why I think Sanders has rocked the boat.Those "masters of puppets" never expected Sanders to be a contending concern,but suddenly he's become a fly in the ointment.If he were to win it would be an opening in getting real representation for the people in the White House.The only way to topple the theory is to get Bernie into office and take the power back from the Right and Left figureheads.
I do appreciate your rational comments in reply,thanks!
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1 up, 2 replies
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2 ups
The US does not have the highest corporate taxes,extreme exemptions and deductions were added in the mid 1980's that make it possible for large corporations to pay very little in taxes,and many times even getting refunds from the government and the cost of those refunds is passed down to individual tax payers like you and I ... When a single executive,CEO ,congressman or senator with millions in assets,investments,pensions and foreign savings accounts give themselves raises in pay while the average citizen is barely able to make ends meet,living paycheck to paycheck with no savings,even worse if you're a woman or minority, is sooooo wrong.The capitalist way of America only works and will continue to only work for the wealthiest 1% of Americans while 99% only exist to work and earn for the 1% and that needs to change so that our children and future generations can have a better quality of life.
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1 up
Who's complaining? That's how I make my money, from them!! I'm not going to go to a poor man and make money, am I? I got to people and companies that have a lot of money, so much that they don't mind giving it to me, and they ask me to come back!
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3 ups, 2 replies
It's nice to think this, but in reality, raising corporate taxes only raises prices for consumers. The company WILL make a certain amount of profit or it will close up shop. Where do you think corporations get their money?
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4 ups, 1 reply
An example would be the McDonalds Corporation,each individual restaurant takes in an average of $2.5 million per year.As a whole McDs corp takes in $27+ billion per year.The CEO and many upper executive teir earn $10,000,000 per year.The profit to pay the corporations labor force is made within the first 6 hours of every week.After costs are paid that still leaves $2-3 million per week in profit.Yet like this,Wendy's Walmart,big oil company's pay very little if any taxes on the income earnings,in fact many will qualify for millions in tax refunds paid with the taxes collected from individuals and small businesses.This was created by Ronald Reagan's "trickle down" economic policy that allows corporations to avoid taxes in the belief that the increased profits would "trickle Down" to their workers,but as everyone knows that hasn't happened,instead they keep the profits for themselves.For 35 years business profits into billions of dollars but wages for workers has barely increased while income taxes have increased to offset the tax breaks given to big business.In comparison McDs revenue is greater than some nations.The tax code created in the 80's needs to change.
As far as wage increases causing increased prices,because it's across the board a $1 burger might leap a whopping 28% making that $1 burger into a $1.28 burger... Holy shit how will anyone afford that after they get a $6 hour raise?Those increases are if no upper level pay cuts or restructuring.Then instead of taxing only individuals and small company's the increased revenue from big corporations will afford other deficit and debts to be lowered.The myths of big business going broke by wage increases and tax are started by big business as a scare tactic to protect their massive profits.Thats why they "buy elections" by donating to campaign funds to politicians that will vote to the donors benefit,not the peoples.
As far as America having the highest corporate taxes that is a well known false fact.Again another rumor believed by those that won't research or do the math for themselves.
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1 up, 1 reply
LOL! As a corporate finance executive in a Fortune 50 company for the last 15 years, the number of myths and false statements in your invective proves the inadequacy of the US educational system and the effectiveness of media distortion, ignorance, and partisanship. I come to Imgflip for a few laughs each day and you certainly provided them today!
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6 ups, 1 reply
Fortune 50 company refers to the 50 most prosperous and progressive organizations in the world. These companies make the most revenue and hold greater sway over the world's finances than any other businesses.Would it be a surprise that any executive of these companies would denounce my post as they make their money from paying low wage workers poverty wages?
The average Fortunate 50 executive was paid $8.5 million in 2014, up 48 percent from the previous year. Nationwide, median pay for CEOs jumped 12 percent last year, according to Towers Watson, which advises companies on compensation and related issues.
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6 ups, 1 reply
So since a post made by "CorpExecutive" claims to be a "fortune 50 executive" for 15 years is all the convincing I need to believe that Senator Sanders,staff and advisors have somehow jumped into the run for president and doing very well,all by false information and myths and that over 40 years he hasn't studied the numbers?
Add to that the millions of supporters that have looked at his numbers and feasibility are all wrong?
And an "executive for a fortune 50 corporation" spends his free time reading memes on image flip so that he can tell people how wrong they are?
Bullshit!
If any of the info I posted was wrong it wouldn't matter and any executive wouldn't be concerned at all.Its true and those that reap large profits and pay incentives while they pay workers poverty wages are the same that try to convince people it's not true!
Better education? Then Bernie's plan for free higher education is needed according to you,but you don't know anything about my education,background,age or position in life.If you're not in agreement with the wealthy right wing then any opinion that interferes with that agenda is wrong?
So Mr.CorpExecutive,since you can't resist trolling just move along and troll other peoples pages,because I didn't make a meme to create a debate.My opinion will not change.
#Bernie sanders 2016
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0 ups
How's the bern feeling today? The fix was in from the beginning. He's just a toy for the Hildabeast to play with.

Oh, and you really didn't read my response very well or you'd have been educated a little more on how the real world works.
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4 ups, 1 reply
Very true!! Our tax system is based one "Individual INCOME". Corporate taxes are more or less the company taking the tax owed by individuals who own stock in that company. We tax individuals, not companies!
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4 ups
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