Poor Billionaire Trump pays hundreds of dollars in taxes every year. Should we really force him to pay more taxes ? How will he afford to pay for underage girls ?
It seems like the last time we had a prosperous and growing middle class was when taxes on business and those in senior positions were higher as the company profited more thus incentivizing them to reinvest in their companies…but what do I know?
55 corporations with profits of over a billion dollars paid no federal taxes and damn little in local taxes. Doesn’t that destroy the society that allows them to exist?
According to Ramirez and his masters in the GOP Leadershit, participating in the economy to the extent of paying one’s fair share of taxes is for suckers. It seems that, if you’re sly enough to bribe legislators to provide legal loopholes to reduce or eliminate taxes otherwise owed by the wealthy and the corpocracy, then you deserve accolades, not criticism. Those are the rules. If you doubt it, ask any White-Shoe firm of lobbyists, tax specialists, tax attorneys, or tax consultants.
If Corporations move to China, they have to pay taxes in China. What they don’t have to pay is a living wage, and environmental laws are very lax in China.
Taxpayers currently subsidize the oil industry by as much as $4.8 billion a year, with about half of that going to the big five oil companies — ExxonMobil, Shell, Chevron, BP, and ConocoPhillips — which get an average tax break of $3.34 on every barrel of domestic crude they produce. And as anyone can tell you, oil companies make no money at all on their product.
Funny how, with higher corporate and personal tax rates post WWII, economic prosperity was more equally distributed. The U.S actually had a viable middle class.
Unless businesses are going to start funding schools, roads and the military directly they need to pay taxes. That’s kind of how this whole society thing works.
You mean reinstating part of the gigantic tax cuts that were part of the Tax Cut and Spend Scam of 2017? The one where all the money corporations and rich people didn’t pay anyway went into stock buy backs and foreign banks? You mean that tax hike?
While WE THE PEOPLE share the burden of taxes, it’s only right and just, big business PAY UP! WHO the hell are they not to pay their fair share? THEY cause more debt by NOT contributing THEIR FAIR SHARE! GIVE me a break!
I just wish the taxes on billionaires would read much deeper to get that money into circulation rather than doing nothing for the economy. Money hoarding is not healthy for anyone.
Well, the GOP Shaft America and Gorge the Greedy Rich Bastards Tax Act of 2017 did cut taxes on corporations so that they could take those monies and invest them manufacturing plants and equipment, raise hourly employee wages and benefits, improve the quality of their products and develop new ones, pitch in to support communities where they locate their facilities and redevelop the infrastructure surrounding those facilities, reduce their facilities pollution and carbon footprints by investing in renewable energy sources, and the like.
It would be a terrible shame if that nasty loozer, Biden, and his left-wing, librull-Commonist Democratic cohort wiped out that bigly, bee-yootiful, and farsighted GOP tax reform, and thereby wrecked all those wonderful, generous corporate activities.
Biden recently visited Union Hall in Pittsburgh.. "We all will do better when we all do well.” That’s a borrowed line from Paul Wellstone when he spoke to sheet metal workers in 1999. Brilliance.
It’s not about the money. Mike doesn’t care about the money. He’s afraid we’ll use some of the revenue to help the worthless, undeserving, ignorant American public. You know, folks he calls “not me”.
Big business needs to have their butts ripped. The top 52 pay no taxes, & invest nothing into research, modernization, or growth. They just buy back their stock and give unconscionable bonuses and salaries to themselves.
Let’s not forget that 90+% of American businesses are small businesses. And all businesses, small or large, will not eat the higher taxes – they will pass them along to you and me. That’s 100% certain. Some larger corporations will move some of their operations off shore. Why is this ignored in the narrative by so many?
Fifty-five of the nation’s largest corporations paid no federal income tax on more than $40 billion in profits last year, according to an analysis by the Institute on Taxation and Economic Policy, a progressive think tank.
In fact, they received a combined federal rebate of more than $3 billion, for an effective tax rate of approximately negative 9 percent.
“Their total corporate tax breaks for 2020, including $8.5 billion in tax avoidance and $3.5 billion in rebates, comes to $12 billion,” according to the study’s authors, Matthew Gardner and Steve Wamhoff.
The findings also underscore the favorable tax environment for big businesses in the wake of the 2017 Trump tax cuts. Twenty-six corporations have paid no federal income taxes since 2017, according to the report, including such household names as Nike, FedEx and Dish Network. Combined, the 26 companies have booked more than $77 billion in profits since 2018, while receiving nearly $5 billion in rebates, for an effective three-year tax rate of negative 6 percent.
The Washington Post also reports that Moody’s has determined that this infrastructure bill will return $1.50 for each dollar spent, that our GDP will go up, and that unemployment will go down relative to what would happen if we do nothing. Many of these increased jobs will go to men, traditionally, and this is why the bill is set up to include bolstering elder care, child care, and other jobs traditionally held by women. And there are too few of these jobs to meet demand at this time.
Another good idea is to fund Internal Revenue; decades of starving it for funds have resulted in far fewer investigations of fraud, and far more people who have the means to hide money are able to get away without paying their fair share of taxes or being punished for not doing so.
The corporate tax rate dropped 14% in 2016 from 35% to 21%. Biden proposes to raise that rate by 7% to 28%. And this is going to be devastating to US businesses? Hmmm . . . how do you figure businesses survived and prospered under Eisenhower ( tax rate 52%) or Nixon (49%) or Reagan (40%) or Bush (34% after rate cut to fight inflation)? And these rates can be seriously discounted through deductions to achieve the “effective” tax rate (recall Trump & Co. with $0 taxes paid). Sorry but neither Biden nor Major have proposed anything that will destroy American business. Good dog!
This is the usual Repub line that taxes hurt the economy. But, I seem to remember seeing a chart that showed that during times when taxes were particularly high, the economy was strong and vibrant. This is just one of the Repub lies that they feel, if said often enough, will be taken as truth.
Only the blindly loyal GQPs are going to have much sympathy for rich corporations and the richest individuals, particularly while GQPs also demand paying down the national debt…
The relationship between taxes and business activity depends on a lot of factors. The Great Trumpo Tax Cuts had zero effect on business activity, and while it might have jollied shareholders it did nuffink for the workers, and did not affect prices in the least.
On the other hand, remember that during the Eisenhower years, among the most prosperous in US history, the marginal income tax rate was 94%.
Do people like Activision Blizzard’s CEO, Bobby Kotick, actually deserve another $200 million bonus? I really don’t think so. If the company is going to waste money like that, the money may as well be taxed away to provide some benefit.
Miguel, I’m certain you know better than you usually illustrate. A MAJOR portion of the bill is to collect taxes not currently being paid by the poor defenseless U.S.BIZ… puts teeth into tax law.
The Repub chorus claims that raising taxes hurt U.S. businesses while they ignore that the tax cuts of 2017 were used to buy back stock, just like the CEOs said they would do BEFORE the bill was passed. This heated up the stock market while doing nothing for the companies’ employees nor for the health of the companies themselves. Prices didn’t go down, so the claim that companies will now raise prices doesn’t have any basis in fact.
Manchin is power-hungry because he sees the close numbers in the Senate as his opportunity. He wants the top corporate tax rate to be limited to 25% rather than 28%, even though that rate was higher before the 2017 tax cuts.
This is the same load of crap the the right wing was quoting before Bill Clintons tax hike. That brought about o e of the biggest increase in wages and living standards that the county had seen since FDR
“$50 billion to create a new office at the Department of Commerce dedicated to monitoring domestic industrial capacity”. I want that contract. They already track and report that every month. Just one example of the waste in the non infrastructure bill. If the federal government takes over R&D and job traing you will have Blackberries and typewriters. I used to work for them and we were always about 10 years behind the real world. How many boxes of crayons did Kamala, Nancy, Chuck and Valerie go through coming up with all this pap?
Besides the obvious message of this most excellent”toon, Biden is abusing his dog. Major is a predator and a pack animal which is following his instincts. These can be overcome with sufficient training which Joe has obviously failed to do. It’s not fair to the dog to be put in such a situation as the White House and Biden obviously doesn’t care about exposing the staff to an untrained animal. On top of this Biden is breaking the law as Washington DC has an ordinance requiring a dog who has twice bitten a person to be kept under restraint and away from people. He has basically turned the White House into a dangerous and hostile working environment. Of course Biden has a long history of considering himself and his family being above the law.
Say What Now‽ Premium Member about 3 years ago
Ramirez is another ultra rich conservative cartoonist who’s afraid he might have to pay taxes.
Concretionist about 3 years ago
Cute. Flat out lie, but cute.
sipsienwa Premium Member about 3 years ago
Could we send Major to visit some members of Congress? You know who I mean: mcconnell, paul, graham johnson, cruz, mccarthy. To name a few.
RAGs about 3 years ago
Hey Rambo Ramirez, Biden does not have a long hooked nose. Are you trying to replace Stiglich?
braindead Premium Member about 3 years ago
You have to give the Party Of Trump credit:
They never abandon ANY of their lies.
Never.
shakeswilly about 3 years ago
Poor Billionaire Trump pays hundreds of dollars in taxes every year. Should we really force him to pay more taxes ? How will he afford to pay for underage girls ?
baroden Premium Member about 3 years ago
How many people did businesses let go during the pandemic AFTER they got all those juicy tax cuts?
tbarry718 about 3 years ago
It seems like the last time we had a prosperous and growing middle class was when taxes on business and those in senior positions were higher as the company profited more thus incentivizing them to reinvest in their companies…but what do I know?
walfishj about 3 years ago
55 corporations with profits of over a billion dollars paid no federal taxes and damn little in local taxes. Doesn’t that destroy the society that allows them to exist?
Ontman about 3 years ago
Stop blaming Major. He went from a nice quiet home in Delaware to a chaotic Washington. It’s culture shock.
cocavan11 about 3 years ago
According to Ramirez and his masters in the GOP Leadershit, participating in the economy to the extent of paying one’s fair share of taxes is for suckers. It seems that, if you’re sly enough to bribe legislators to provide legal loopholes to reduce or eliminate taxes otherwise owed by the wealthy and the corpocracy, then you deserve accolades, not criticism. Those are the rules. If you doubt it, ask any White-Shoe firm of lobbyists, tax specialists, tax attorneys, or tax consultants.
FrankErnesto about 3 years ago
If Corporations move to China, they have to pay taxes in China. What they don’t have to pay is a living wage, and environmental laws are very lax in China.
NeedaChuckle Premium Member about 3 years ago
Taxpayers currently subsidize the oil industry by as much as $4.8 billion a year, with about half of that going to the big five oil companies — ExxonMobil, Shell, Chevron, BP, and ConocoPhillips — which get an average tax break of $3.34 on every barrel of domestic crude they produce. And as anyone can tell you, oil companies make no money at all on their product.
mourdac Premium Member about 3 years ago
Funny how, with higher corporate and personal tax rates post WWII, economic prosperity was more equally distributed. The U.S actually had a viable middle class.
mikemck about 3 years ago
Unless businesses are going to start funding schools, roads and the military directly they need to pay taxes. That’s kind of how this whole society thing works.
Patjade about 3 years ago
You mean reinstating part of the gigantic tax cuts that were part of the Tax Cut and Spend Scam of 2017? The one where all the money corporations and rich people didn’t pay anyway went into stock buy backs and foreign banks? You mean that tax hike?
Zebrastripes about 3 years ago
While WE THE PEOPLE share the burden of taxes, it’s only right and just, big business PAY UP! WHO the hell are they not to pay their fair share? THEY cause more debt by NOT contributing THEIR FAIR SHARE! GIVE me a break!
Geezer about 3 years ago
Thanks to the magic of “shadow banning,” no one but me can see this comment.
Maybe that explains the “echo chamber” here.
librarylady59 about 3 years ago
I just wish the taxes on billionaires would read much deeper to get that money into circulation rather than doing nothing for the economy. Money hoarding is not healthy for anyone.
A# 466 about 3 years ago
Well, the GOP Shaft America and Gorge the Greedy Rich Bastards Tax Act of 2017 did cut taxes on corporations so that they could take those monies and invest them manufacturing plants and equipment, raise hourly employee wages and benefits, improve the quality of their products and develop new ones, pitch in to support communities where they locate their facilities and redevelop the infrastructure surrounding those facilities, reduce their facilities pollution and carbon footprints by investing in renewable energy sources, and the like.
It would be a terrible shame if that nasty loozer, Biden, and his left-wing, librull-Commonist Democratic cohort wiped out that bigly, bee-yootiful, and farsighted GOP tax reform, and thereby wrecked all those wonderful, generous corporate activities.
Zen-of-Zinfandel about 3 years ago
Biden recently visited Union Hall in Pittsburgh.. "We all will do better when we all do well.” That’s a borrowed line from Paul Wellstone when he spoke to sheet metal workers in 1999. Brilliance.
Durak Premium Member about 3 years ago
It’s not about the money. Mike doesn’t care about the money. He’s afraid we’ll use some of the revenue to help the worthless, undeserving, ignorant American public. You know, folks he calls “not me”.
MuddyUSA Premium Member about 3 years ago
Could we send Major to visit some members of Congress like Pelosi, Schiff, Nadler, AOC…
Valiant1943 Premium Member about 3 years ago
Big business needs to have their butts ripped. The top 52 pay no taxes, & invest nothing into research, modernization, or growth. They just buy back their stock and give unconscionable bonuses and salaries to themselves.
guyjen2004 Premium Member about 3 years ago
Let’s not forget that 90+% of American businesses are small businesses. And all businesses, small or large, will not eat the higher taxes – they will pass them along to you and me. That’s 100% certain. Some larger corporations will move some of their operations off shore. Why is this ignored in the narrative by so many?
martens about 3 years ago
Fifty-five of the nation’s largest corporations paid no federal income tax on more than $40 billion in profits last year, according to an analysis by the Institute on Taxation and Economic Policy, a progressive think tank.
In fact, they received a combined federal rebate of more than $3 billion, for an effective tax rate of approximately negative 9 percent.
“Their total corporate tax breaks for 2020, including $8.5 billion in tax avoidance and $3.5 billion in rebates, comes to $12 billion,” according to the study’s authors, Matthew Gardner and Steve Wamhoff.
The findings also underscore the favorable tax environment for big businesses in the wake of the 2017 Trump tax cuts. Twenty-six corporations have paid no federal income taxes since 2017, according to the report, including such household names as Nike, FedEx and Dish Network. Combined, the 26 companies have booked more than $77 billion in profits since 2018, while receiving nearly $5 billion in rebates, for an effective three-year tax rate of negative 6 percent.
https://www.washingtonpost.com/business/2021/04/05/corporations-federal-taxes/
I Play One On TV about 3 years ago
The Washington Post also reports that Moody’s has determined that this infrastructure bill will return $1.50 for each dollar spent, that our GDP will go up, and that unemployment will go down relative to what would happen if we do nothing. Many of these increased jobs will go to men, traditionally, and this is why the bill is set up to include bolstering elder care, child care, and other jobs traditionally held by women. And there are too few of these jobs to meet demand at this time.
Another good idea is to fund Internal Revenue; decades of starving it for funds have resulted in far fewer investigations of fraud, and far more people who have the means to hide money are able to get away without paying their fair share of taxes or being punished for not doing so.
dkolsen1125 Premium Member about 3 years ago
The corporate tax rate dropped 14% in 2016 from 35% to 21%. Biden proposes to raise that rate by 7% to 28%. And this is going to be devastating to US businesses? Hmmm . . . how do you figure businesses survived and prospered under Eisenhower ( tax rate 52%) or Nixon (49%) or Reagan (40%) or Bush (34% after rate cut to fight inflation)? And these rates can be seriously discounted through deductions to achieve the “effective” tax rate (recall Trump & Co. with $0 taxes paid). Sorry but neither Biden nor Major have proposed anything that will destroy American business. Good dog!
preacherman Premium Member about 3 years ago
This is the usual Repub line that taxes hurt the economy. But, I seem to remember seeing a chart that showed that during times when taxes were particularly high, the economy was strong and vibrant. This is just one of the Repub lies that they feel, if said often enough, will be taken as truth.
DrDon1 about 3 years ago
Ramirez spreading worthless fecal matter … wouldn’t even make good fertilizer…
MIAMIJAC12 Premium Member about 3 years ago
US Freedom isn’t cheap. Who’s doing the most business with China? i hear the chinese have electric Buicks.
Radish the wordsmith about 3 years ago
Billionaires got richer during the covid pandemic thanks to republican tax breaks.
Radish the wordsmith about 3 years ago
The Dems need to be meaner than a junk yard dog against the racist conservatives who refuse to let the country progress.
ferddo about 3 years ago
Only the blindly loyal GQPs are going to have much sympathy for rich corporations and the richest individuals, particularly while GQPs also demand paying down the national debt…
AndrewSihler about 3 years ago
Same old, same old.
The relationship between taxes and business activity depends on a lot of factors. The Great Trumpo Tax Cuts had zero effect on business activity, and while it might have jollied shareholders it did nuffink for the workers, and did not affect prices in the least.
On the other hand, remember that during the Eisenhower years, among the most prosperous in US history, the marginal income tax rate was 94%.
MartinPerry1 about 3 years ago
Do people like Activision Blizzard’s CEO, Bobby Kotick, actually deserve another $200 million bonus? I really don’t think so. If the company is going to waste money like that, the money may as well be taxed away to provide some benefit.
LJZ Premium Member about 3 years ago
Miguel, I’m certain you know better than you usually illustrate. A MAJOR portion of the bill is to collect taxes not currently being paid by the poor defenseless U.S.BIZ… puts teeth into tax law.
Nantucket Premium Member about 3 years ago
The Repub chorus claims that raising taxes hurt U.S. businesses while they ignore that the tax cuts of 2017 were used to buy back stock, just like the CEOs said they would do BEFORE the bill was passed. This heated up the stock market while doing nothing for the companies’ employees nor for the health of the companies themselves. Prices didn’t go down, so the claim that companies will now raise prices doesn’t have any basis in fact.
Manchin is power-hungry because he sees the close numbers in the Senate as his opportunity. He wants the top corporate tax rate to be limited to 25% rather than 28%, even though that rate was higher before the 2017 tax cuts.
jhayesd31 about 3 years ago
This is the same load of crap the the right wing was quoting before Bill Clintons tax hike. That brought about o e of the biggest increase in wages and living standards that the county had seen since FDR
mysterysciencefreezer about 3 years ago
A take that has followed every tax hike in modern history. A take that has been dead wrong every time.
randolini Premium Member about 3 years ago
Ain’t that a bitch, now they will have to pay taxes like us poor folks.
Alice Brady Premium Member about 3 years ago
You do realize that most tax increases are for people and businesses far above the line for middle class, right?
abraxas about 3 years ago
Make Major the majority whip.
Ilikemikey about 3 years ago
“$50 billion to create a new office at the Department of Commerce dedicated to monitoring domestic industrial capacity”. I want that contract. They already track and report that every month. Just one example of the waste in the non infrastructure bill. If the federal government takes over R&D and job traing you will have Blackberries and typewriters. I used to work for them and we were always about 10 years behind the real world. How many boxes of crayons did Kamala, Nancy, Chuck and Valerie go through coming up with all this pap?
FassEddie about 3 years ago
Seems like a great idea!
knutdl about 3 years ago
Who let the dogs out?
DCBakerEsq about 3 years ago
Just lie back and think of England.
Kracklin Rosie - “Tolo Dan Nan Galad” Premium Member about 3 years ago
Besides the obvious message of this most excellent”toon, Biden is abusing his dog. Major is a predator and a pack animal which is following his instincts. These can be overcome with sufficient training which Joe has obviously failed to do. It’s not fair to the dog to be put in such a situation as the White House and Biden obviously doesn’t care about exposing the staff to an untrained animal. On top of this Biden is breaking the law as Washington DC has an ordinance requiring a dog who has twice bitten a person to be kept under restraint and away from people. He has basically turned the White House into a dangerous and hostile working environment. Of course Biden has a long history of considering himself and his family being above the law.
kballweg Premium Member about 3 years ago
It’s true, it’s true; we all got so rich from the trickle down of the trillions in GOP tax cuts that… oh, wait, that didn’t happen, did it?