Comments on: And 100% of Living People Have Disgracefully Paid No Estate Taxes http://www.kipesquire.net/2008/08/and-100-of-living-people-have-disgracefully-paid-no-estate-taxes/ A Stitch in Time Saves Nine ... But Haste Makes Waste Tue, 13 Jul 2010 16:53:45 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: David Z http://www.kipesquire.net/2008/08/and-100-of-living-people-have-disgracefully-paid-no-estate-taxes/comment-page-1/#comment-7056 David Z Sat, 23 Aug 2008 14:50:18 +0000 http://www.kipesquire.net/?p=5128#comment-7056 "We tax profits, not sales." The income tax is a tax on sales, not profits ;) "We tax profits, not sales."

The income tax is a tax on sales, not profits

;)

]]> By: Silas http://www.kipesquire.net/2008/08/and-100-of-living-people-have-disgracefully-paid-no-estate-taxes/comment-page-1/#comment-6840 Silas Wed, 13 Aug 2008 21:58:04 +0000 http://www.kipesquire.net/?p=5128#comment-6840 <blockquote><blockquote>It said companies may escape paying such taxes due to operating losses or because of tax credits.</blockquote> Having an operating loss — as in, "not having any income" — is indeed a clever way to "escape paying income taxes." Such evil geniuses, those money-losing corporate bastards!</blockquote> ROFL! Thank you, that made my day. Criticizing foreign companies for failing to pay taxes on losses ... you can't make this stuff up. Although it almost seems like foreigners don't pay taxes, given what they'll pay for long-term US government bonds >:-(
It said companies may escape paying such taxes due to operating losses or because of tax credits.

Having an operating loss — as in, "not having any income" — is indeed a clever way to "escape paying income taxes." Such evil geniuses, those money-losing corporate bastards!

ROFL! Thank you, that made my day. Criticizing foreign companies for failing to pay taxes on losses … you can't make this stuff up.

Although it almost seems like foreigners don't pay taxes, given what they'll pay for long-term US government bonds >:-(

]]>