Thoughts for today, #219 …. “Resources without taxes: Revoke Citizenship!””


~~August 23, 2015~~ 


10 Big Corporate Tax Breaks, and Who Benefits

U.S. corporations — like many Americans — exploit every available rule in the tax code to minimize the taxes they pay. The United States has one of the highest corporate tax rates in the world, at 35 percent (not including any state levies), yet the actual amount in corporate taxes that the government collects (“the effective tax rate”) is lower than those of Germany, Canada, Japan and China, among others.

The reason is confusingly called “tax expenditures,” a doublespeak term designed to legitimize special interest tax breaks and loopholes.

With advice from the Urban Institute’s Eric Toder, one of the country’s foremost authorities on corporate tax policy, we assembled the 10 most costly corporate tax loopholes and who benefits from them.

Graduated Corporate Income

Inventory Property Sales

Research and Experimentation Tax Credit

Deferred Taxes for Financial Firms on Certain Income Earned Overseas

Alcohol Fuel Credit

Credit for Low-Income Housing Investments

Accelerated Depreciation of Machinery and Equipment

Deduction for Domestic Manufacturing

Exclusion of Interest on State and Local Bonds

Deferral of Income from Controlled Foreign Corporations


“As it appears in … full read/full credit”


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#ThoughtsForToday #219 #StealResourcesWithoutTaxes #RevokeCitizenship #CorporateTaxBreaks #TaxExpenditures #SpecialInterests #TaxBreaks #Loopholes #EricToder #StartHere #EarnedOverseas #AlcoholFuelCredit #DomesticManufacturing #ForeignCorporations #TaxExpenditures #DoublespeakTerm #DonaldTrump

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We ALL are ONE!! 


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