So tell me again about all the taxes those poor corporations are paying.
1 posted on
02/12/2003 10:26:10 PM PST by
lewislynn
To: lewislynn
If we had a national retail sales tax, we wouldn't need to worry about schemes like this.
2 posted on
02/12/2003 10:33:52 PM PST by
TheConservator
(Homines libenter quod volunt credunt.)
To: lewislynn
What that article doesn't tell you is the deduction the corporation got for the stock options is treated as taxable compensation to the employees exercising them. In many cases the employee (particularly a highly compensated one) will pay taxes at a rate higher than the corporation would. 39.6% for the individual vs. 35% for the corporation.
Furthermore, even when corporations pay taxes, they don't pay them, their customers pay them.
3 posted on
02/12/2003 10:39:05 PM PST by
Auntie Dem
(Hey, hey, ho, ho. Terrorist lovers gotta go.)
To: lewislynn
There is no reason to worry.
A few payoffs and everything will be ok.
The crooked ones always seem to slip away without so much as a slap on the wrist.
A friend of a friend that knows the brother of the judge will take care of the whole situation.
Just have to wait until the public is tired of hearing about the whole thing and it stops being newsworthy.
Then it will just quietly fade away.
The ones that made millions will still have millions and the ones that lost everything will still have nothing.
And who said that money can't fix everything.
7 posted on
02/12/2003 10:51:09 PM PST by
poorman
To: lewislynn
If Big Stupid Government
had gotten all that extra tax money from Enron, it would have just pissed it away anyway.
I'm never in favor of Big Stupid Government getting more loot. And I'll brook no "if they pay more, we pay less" crap. Everyone always pays more, as long as Big Stupid Government gets its way and American Revolution 2.0 continues to be postponed. The first one started with a 3% tax on tea. They steal a lot more than that now.
9 posted on
02/12/2003 10:55:03 PM PST by
Hank Rearden
(Bringing you grumpy bon mots since early '99. You're welcome.)
To: lewislynn
All those evil corporations should pay all our taxes.
To: lewislynn
I am sure the media will try to paint President Bush as guilty in this along with Enron.
Just remember, Enron's criminal activities started and flourished during the Clinton administration, and the criminal actions were discovered and prosecuted during the Bush administration.
14 posted on
02/13/2003 7:14:24 AM PST by
RJL
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