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Posted Jul 2, 2011 14:05 UTC (Sat) by corbet (editor, #1)
Things vary a lot, but, in the US, companies are very good at paying little or no taxes.
Posted Jul 2, 2011 16:24 UTC (Sat) by pboddie (subscriber, #50784)
That said, not paying a dividend might be another thing those six companies have in common. Certainly, Apple, like Microsoft before them, has been criticised for not paying a dividend.
Posted Jul 3, 2011 20:12 UTC (Sun) by elanthis (guest, #6227)
I did find this chart:
It seems to be that basic corporate taxes plus payroll taxes do ever so slightly outweigh individual income tax. I'm not sure what "payroll taxes" are though. I think those are the "withheld from your check" taxes, but could be wrong. So I'm still not sure if that's really something to consider as a corporate tax or a personal tax.
Posted Jul 5, 2011 11:24 UTC (Tue) by Wol (guest, #4433)
For example, we have National Insurance, which is deducted from the employee's pay cheque at about 10%. However, the employer has to pay a further 12% or so on top.
Nortel's patent pile sold
Posted Jul 2, 2011 22:41 UTC (Sat) by ccurtis (guest, #49713)
One of the most annoying things to me recently were all the people who've never heard of a 1096 or K-1 complaining that raising tax rates on income over $250,000 was going to kill small businesses - apparently defined as those incorporated with subchapter S elections. The two easiest ways for these "individuals" to avoid the higher tax rates would be to (a) hire someone, or (b) perform capital expenditures (ie: buy stuff, which is somehow ~70% GDP).
But all that aside, in case you have access to the Internet, you can click here to find out where the feds get their income: [Tax Policy Center]. If you prefer numbers in the raw (and more up to date) the IRS publishes the data directly as well: [IRS Tax Stats]
But if you don't have Internet access, as to the "huge source" of income, that's all relative I suppose. But in broad strokes corporations provide about 12% of revenues, and individuals provide another 45-81% (depending on who you want to say pays for things like medicare and social security).
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