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#51 | |||
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Join Date: Aug 2002
Location: Atlanta, GA
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![]() Also, proponents of affirmative action always stress the importance of diversity. However, whenever the groups benefiting from AA are in large majority (even 100%, the most undiverse student body possible) the cries for diversity are muffled instantly. UMoC |
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#52 | |
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Join Date: Apr 2002
Location: atlanta, ga
Posts: 691
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According to the US General Accounting Office, between 1989 and 1995 (sorry I don't have new stats), a majority of all US corporations paid no US income tax. So thats no taxes on the corporate level. If I understand correctly, the dividend tax that is being cut is on the individual level. So now, the dividends for the majority of companies won't be taxed at all? Or does it work differently? ie.. before this tax break, dividends are taxed when paid to an individual, and then taxed again as part of an individual's income tax? richard |
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#53 | |
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Join Date: Sep 2000
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I suspect that "majority" statistic has some problems with it. I don't really think business is doing that badly. However, I see some realms to lie with statisitcs. 1) S-corps *NEVER* pay income tax. The income earned by an S-corp is reported on the personal tax returns of it's owners. Yet they are US corporations... 2) Any company losing money generally pays no income taxes. There are a lot of small businesses that go under. In fact, most do. Add together these two categories and I suspect you have a majority of corporations. If you were to look at say the 1000 largest US corporations I think you would find a very different picture. |
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