Corporate Profits vs Corporate Taxes Phil ScarrMay 5, 2012 Broken Promises, Class Warfare, Deficit, History, Hypocrisy, Infographics, Taxes, The Economy, The Numbers Game 9 Comments Submitted without comment. corporate giveaways, corporate taxes, econ 101, Taxes ← Republican Women for Invasive Vaginal Procedures Highway to Hell – Eurozone Edition → 9 thoughts on “Corporate Profits vs Corporate Taxes” Smeety May 5, 2012 at 11:19 pm If one was looking desperately to rationalize the confiscation of personal wealth, this would suffice. Reply Phil Scarr Post authorMay 6, 2012 at 8:14 am So when it’s teachers, nurses and firefighters it’s “shared sacrifice,” but when it’s corporations, it’s “the confiscation of personal wealth.”. Seems about right for a corporate thrall such as yourself… Reply Smeety May 6, 2012 at 10:37 pm Phil, I see from where you come…. when one can rationalize that money coming from taxpayers is equivalent to money coming from consumers paying for goods and services…. it makes it all the easier to compound that rationalization to include the confiscation of $$$ from those *evil corporations*… Was it Karl Marx that believed that the wealth of the nation was basically the property of ‘the people’? That worked out great 🙂 Reply Phil Scarr Post authorMay 7, 2012 at 6:59 am I see from where you come…. when one can rationalize that money coming from taxpayers is equivalent to money coming from consumers paying for goods and services…. it makes it all the easier to compound that rationalization to include the confiscation of $$$ from those *evil corporations* Explain to me how it’s different (economically). Since C and G are both part of the equation for GDP… I don’t believe I used the term “evil” anywhere in my post so that’s a logical fallacy (a straw man). In fact, I believe the phrase I used was Submitted without comment. It is you who are projecting a moral failing on America’s corporations for failing to pay their fair share. I was merely providing a chart. You drew your own conclusions. And your inability to respond to the question of “shared sacrifice” in the followup comment leads me to believe you have no defense for your argument… Yes? And I just adore the slippery slope right down to Communism… It’s so cute! You’re taking your lead from Allen West now? Ineffective and logically fallacious, but cute nonetheless. Reply Dave Reid May 6, 2012 at 7:00 am @Smeety Unless you do actually believe a corporation is a person, then this really can’t about about the confiscation of *personal* wealth. Reply Smeety May 6, 2012 at 7:49 pm Who do you think *owns* corporations? Ewoks? Reply Phil Scarr Post authorMay 7, 2012 at 7:01 am If that’s the case, then why are corporate officers usually shielded from the misdeeds of their corporations? Your argument would be a lot stronger if the CEO of GEO were held accountable for the gross abuse of children at one of his facilities. But then conservatives are all about avoiding personal responsibility. Reply Art A Layman May 6, 2012 at 10:18 am Telling, but would have preferred comparison of Corp pre-tax earnings vs corp taxes. Reply Phil Scarr Post authorMay 7, 2012 at 7:03 am Go to FRED and make your own chart! It’s easy! Reply Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.