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Coffee Shop
Corporations Don’t Pay Taxes – Ever!
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<blockquote data-quote="Jogeephus" data-source="post: 1005950" data-attributes="member: 4362"><p>If this is true only for corporations then this must mean that all cattle operations are owned by corporations because they too can write off their taxes as an expense.</p><p></p><p>I'm confused now cause I must be doing something wrong with my payroll. First, I must pay a tax to the city for each employee I hire. Of course maybe this isn't a tax but a fine. Then I have to pay half of the employees bill for their social security, there state tax they owe plus half of their federal tax out of the coporation's money of course this is only 20% of gross payroll. Part of this is given back to the employee in the form a their tax refund at the end of the year but it must be the corporation's money since a corporation doesn't pay taxes. Shouldn't the money be reimbursed to the corp back rather than the employee?</p><p></p><p>On top of this, the corporation must pay a tax on all its assets. Tractors, equipment and everything else. If this were not enough they are assessed an intangible tax on everything the company has bought, paid taxes on, depreciated but still somehow has some use to it. Only God and a few others high in the government even understands how this number is calculated. </p><p></p><p>Then I have to pay for unemployment insurance on each employee in the event they decide they don't want to work and would rather sit at the house and draw a check. If enough of them do this then this rate increases. Heck the rate increases asnyway due to the number of corporations that are laying off people and are either shutting their doors or moving to another country because they are not taxed here and they are there. :???: Then there are all the little licenses and fees a corporation must pay for to stay in compliance with the laws and regulations they keep heaping on the mule.</p><p></p><p>But, as Obama wisely stated, if it weren't for the government we wouldn't have any businesses in this country so we should all be grateful.</p></blockquote><p></p>
[QUOTE="Jogeephus, post: 1005950, member: 4362"] If this is true only for corporations then this must mean that all cattle operations are owned by corporations because they too can write off their taxes as an expense. I'm confused now cause I must be doing something wrong with my payroll. First, I must pay a tax to the city for each employee I hire. Of course maybe this isn't a tax but a fine. Then I have to pay half of the employees bill for their social security, there state tax they owe plus half of their federal tax out of the coporation's money of course this is only 20% of gross payroll. Part of this is given back to the employee in the form a their tax refund at the end of the year but it must be the corporation's money since a corporation doesn't pay taxes. Shouldn't the money be reimbursed to the corp back rather than the employee? On top of this, the corporation must pay a tax on all its assets. Tractors, equipment and everything else. If this were not enough they are assessed an intangible tax on everything the company has bought, paid taxes on, depreciated but still somehow has some use to it. Only God and a few others high in the government even understands how this number is calculated. Then I have to pay for unemployment insurance on each employee in the event they decide they don't want to work and would rather sit at the house and draw a check. If enough of them do this then this rate increases. Heck the rate increases asnyway due to the number of corporations that are laying off people and are either shutting their doors or moving to another country because they are not taxed here and they are there. :???: Then there are all the little licenses and fees a corporation must pay for to stay in compliance with the laws and regulations they keep heaping on the mule. But, as Obama wisely stated, if it weren't for the government we wouldn't have any businesses in this country so we should all be grateful. [/QUOTE]
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Corporations Don’t Pay Taxes – Ever!
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