In Florida, 99% of companies pay no corporate income tax — with lawmakers’ blessing | Special Report

The Orlando Sentinel ^ | November 13, 2019 | Jason Garcia

[DIRTYSECRET]

Get rid of capital gains.

[GraceG]

[ What’s wrong with that ? All corporate taxes are passed on to the consumer. ]

I’ve always said that LOW Rates plus simplified code, something like only a sales tax or only a incomes tax, etc...

The little weaselly control freak Socialists can use selective enforcement of code to punish their political enemies under simpler comprehensive tax schemes.

[Swordmaker]

None of these listed companies are headquartered in Florida. They pay their state income taxes in the state where they are headquartered. This is perfectly legal and the way the law is structured under the constitution. EBay for example is headquartered in California. MasterCard is headquartered in New York. The author of this article is completely ignorant of tax law and corporate structure. He’s an idiot.

[Synthesist]

” ...All corporate taxes are passed on to the consumer.”

---

Yep. All taxes on business/corporates are a cost of doing business which can only be passed on down the line. Every dollar paid in tax is one less dollar for:

Lower product prices
Employee pay raises
New hires
R&D for new/improved products
Reduced ROI/dividends for investors
and so on...

[angmo]

Bingo!

[I want the USA back]

Those “obscene” corporate profits eventually get to a person, who is taxed on them. People pay taxes. Corporate taxes are passed on to the consumer.

What the left is really saying is that they want all businesses to be in the hands of the collectivity, so the state owns all the means of production. I.E. communism.

[Joe Bfstplk]

What’s wrong with that ? All corporate taxes are passed on to the consumer.

>><<

Agreed. The tax monies must come from shareholders in reduced dividends,
from employees in reduced payroll or increased prices to customers. Corporations
do not pay taxes; people do.

[Buckeye McFrog]

The issue would appear to be that 1% of companies are being treated unfairly.

[Buckeye McFrog]

Yes but the electorate has been falling for this scam since FDR and it will continue to do so.

[Mr. Jeeves]

At Florida’s official corporate income tax rate of 5.5 percent, eBay should have paid more than $1.8 million in state taxes -- enough money to hire 40 new teachers.

“That’s $100K in new union dues that should be headed straight to DNC coffers! How dare eBay shortchange us???” :)

[rmichaelj]

The problem is that if smaller businesses are having to pay the income tax, it gives the large corporations an advantage (which is why large corporations don’t mind taxes). Bettef to have no income tax at all.

[Tolerance Sucks Rocks]

☑

[Tolerance Sucks Rocks]

I agree.

[Taxman]

Ping

[Elsie]

Shush!

We don’t want the spas to know this!

[Elsie]

BINGO!

[Elsie]

spas??

SAPS!