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Zoom will pay zero federal taxes due to tax credits from previous years

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Re: Zoom will pay zero federal taxes due to tax credits from previous years

#51

Post by ksec »

TheAdamAndChe wrote: post #29
bkirkby wrote: post #21

Earlier quoted context omitted.

Can you, as an individual, provide the value of a Zoom that benefits society? Are you paying thousands of people a salary (paying taxes on their salary)? Are you providing a service that people are using to, ostensibly, make their lives better? If so, you should incorporate +and probably already do if you happen to employ thousands of people) since laws around incorporating are there to encourage people to take the r…

If companies are the lifeblood of the country, then the government is the bones. It provides absolutely necessary infrastructure like roads, water, sewers, and law enforcement. It provides economic and social stability through fiscal controls and food subsidies. It provides an educated population through schools. When viewed this way, the vitriol arising from a large company not paying taxes makes sense. The entire o…

X company made $100M Revenue, $50M Gross Profit ( Revenue Subtract COGS ), paid $30M for employee salary, $10M for Office, Building and Rent, $10M for Operation such as Accounting, Financial Expenses, Legal, Insurance, Utility expenses....... all within the same Country or State

Subtracting everything, X Company made Zero Net Profit. How much should X Company paid on Tax?

How much did this Lifeblood ( X Company ) contributed to the entire organism ( Society )? ( Hint: it is not Zero )

Re: Zoom will pay zero federal taxes due to tax credits from previous years

#52

Post by ksec »

TheAdamAndChe wrote: post #44
bkirkby wrote: post #41

Earlier quoted context omitted.

The impulse to see "soaring stock price and valuation" as a reward that can be drained is exactly the kind of sophomoric economic view i was referring to. it's quite obvious that if you took all of the value of a company the company would cease to exist along with the benefit they bring to society. you don't want to take all of their value? you just want to take the "fair share"? how do you know what the "fair share"…

If stock price and valuation isn't a reward, then why is executive compensation often tied to stock price? > how do you know what the "fair share" is that doesn't harm the capacity of the company to continue to provide value? I don't know, but it should pass a smell test at least. I can tell you that a company that was recently net negative only because of reinvestment using those negative years to not pay taxes duri…

>If stock price and valuation isn't a reward, then why is executive compensation often tied to stock price?

It is a good question but a different point to the current discussion. Which is Tax Code.

Re: Zoom will pay zero federal taxes due to tax credits from previous years

#53

Post by MrPowers »

Dracophoenix wrote: post #47
MrPowers wrote: post #28

Federal income taxes are highly economically inefficient. They create a huge deadweight loss of taxation (productive employees wasting their time helping corporations comply with tax law). Land and gas are economically efficient to tax. They don't have a big deadweight loss of taxation and create positive incentives. The Federal government creates tax laws that corporations need to follow. The government added the co…

>> "Land and gas tax are economically efficient." Isn't the former already expressed in the form of property tax? And if so, I wouldn't say it's economically efficient. Calculating the value of land/real estate is a blackbox (at least at the local level) only to be known and determined by the taxing entity (i.e government).

Land taxes are different than property taxes. Property taxes are on the building, land taxes are just on the land.

Land isn't a perfect tax, still needs to be levied as you mentioned, but it cannot be hidden and incentivizes land owners to use the land for its "highest and best use". There are no complicated depreciation schedules, credits, deductions, etc. for land. It's also highly progressive.

Re: Zoom will pay zero federal taxes due to tax credits from previous years

#54

Post by mam2 »

indymike wrote: post #19
erhk wrote: post #16

Earlier quoted context omitted.

Why should income tax be a substitute? Where is my subsidy for having gone into debt for a degree?

Debt is not a loss. It is a liability.

IT's money spent which could have been somewhere else
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