[Toddsterpatriot]

Why, of course I do ;)

Thanks for the link. I have a sneaking suspicion that taxes withheld is only a small part of taxes paid. What do you think?

[general_re]

I'm sure. Obviously, that doesn't take into account state and local income taxes, property taxes, gross receipts taxes, capital gains, et cetera, et cetera, et cetera.

I'll give you a concrete example - if you buy a piece of real property from a foreigner, theoretically you're supposed to withhold 10% of the purchase price and mail it to the IRS as a down payment on the capital gains tax for them. But the minimum tax on such a capital gain is 26%, so obviously the withholding accounts for less than half of the tax due in many cases. QED.

[1rudeboy]

Yep, this was the thread where some yob was "explaining" to me that foreign corporations don't pay income taxes. Whatever happened to him, apart from his modified claim that foreign corporations do not pay "enough?"