GM made 4 billion last year. According to marketwatch, they paid the least taxes.
when i hear companies complain about high u.s. tax rates, i want to puke.
i'd like to see the next company that complains, have all their corporate welfare ended.
You and I pay for all this. Years ago, everything was funded by corporate taxes.
now, personal taxes have replaced corporate. and worse, personal axes are used to give welfare to companies that make 4 billion a year.
Finally heard an analyst say what I have been saying for years. Every kid in ECON I knows it but politicians refuse to adress it.
THE ONLY PEOPLE THAT PAY TAXES ARE CUSTOMERS. NO CUSTOMERS, NO PROFIT, NO COMPANY.
If companies did not pay taxes, prices could be lower.
Gov't has no money unless they take it away from someone that does.
Either you read wrong or don't trust anything that site says anymore. In GM's most profitable region, North America, they made $6.953 billion EBIT and sold 3.019 million vehicles, $2,303 per vehicle. For the entire company, they made $6.136 net income and sold 9.028 million vehicles for $680 per vehicle.
Four billion is weak sauce.
For a company pulling in $152B in revenue, GM should be earning more.
For a company that got $42B in tax offsets and $49B in direct government aid, it's a disaster.
Just my opin; your mileage may vary.
But if you're wondering why the price sucks, there could be reasons you're missing.
I would not care if companies paid no taxes at all. They make and buy products, they issue paychecks, they create jobs; they generate stock wealth. Why don't we let all companies operate tax free? When are we going to get a fecking clue about how the economics of business works?
You can be certain that we did this we would have a huge economic expansion. It would be a jobs boom, overnight. Companies from all over the world would start moving operations to the USA immediately.
We would have millions of new jobs popping up because of it.
Taxing companies is stupid, IMO.
If you want MORE business activity, reduce business taxes. If you want less business activity, tax it harder.
If you want to bring the economy to a screeching halt, impose punitive tax rates like Obama is doing. He's a demagogue, not a leader. He's basically an idiot as far as financial decisions go.
"... I would not care if companies paid no taxes at all. .... You can be certain that we did this we would have a huge economic expansion. It would be a jobs boom, overnight. Companies from all over the world would start moving operations to the USA immediately. ..."
.... and then this ...
"... He's [Mr. Obama] is a demagogue, ..."
Spiny, that's a good one ... trying to label Mr. Obama a demagogue right after a paragraph of demagogic ranting .... Teabagger stuff par excellence.