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SC Johnson is a multi-national corporation and is
the maker of Windex, OFF, Raid, Drano, Ziploc, Glade, Scrubbing Bubbles Based in Racine, Wisconsin.
For the last twenty years, SC Johnson has not paid one penny, NOT one penny,
of income tax to the state of Wisconsin.
Moreover, SC Johnson was not been audited for income tax by the State of
Wisconsin once, NOT once, in the last twenty years. Furthermore, SC JOhnson
went from a value of 4.8 billion to over 8 Billion in the last twenty years.
>
> Just how is it that anyone can find it fair for those most able to contribute to the burden of government to pay absolutely NOTHING. Now we could argue about what is SC Johnson's fair share, but don't you think that we could at least agree that their fair share is something more than ZERO.
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How many tax payers are there in Wisconsin and how many of them pay no tax pay no tax?
There are millions of tax payers in the state of Wisconsin. There is not official data as to how many of these taxpayers do not pay taxes.
What does double taxation mean?
Corporations pay income taxes on their profits, and stockholders pay taxes on their dividends.
Is a corporation that does not pay any federal income taxes?
S corporations
What is a corporation that does not pay any federal income taxes?
S corporations
What percentage of federal income taxes was paid by Corporations in 1950 and what do they pay today?
30%
Where does welfare funding come from?
From the "little people" who work and pay taxes and actually pay more than the corporations (who can claim to be based in the Cayman Islands and pay $0 in US taxes) and a larger percentage of their incomes than hedge fund managers, whose taxes are capped at 15%. Instead of complaining about this disparity, the average American prefers to blame the poor and infirm instead of a bought and paid for US government of the corporations, by the corporations and for the corporations! (In the previous sentence feel free to substitute "rich" for corporations!
What can push an economy in recession into a depression?
Greedy politicians raising taxes on corporations to pay for their socialist agendas. The increase in taxes would make corporations less profitable and force many to lay off workers, adding to unemployment, and eventually reaching a depression.
What do large US cororations pay in Federal income taxes?
what do large US corporations pay in Federal income tax
Does obama support increasing taxes on S corporations?
This is a double sided question. The direct answer is that Obama will not raise taxes on S-Corporations. S-Corporations rarely pay taxes. Their profits flow through a schedule K-1 to the owners individual income tax return.If Obama raises personal income taxes, which he probably will, then yes you will pay more.The biggest issue with Obama and S-Corporations is the fact that Obama wants the profits from an S-Corporation to be subject to Social security Taxes. Under present law, an owner of an S-Corporation can take distributions of profits and not pay social security taxes. The only tax you pay on S-Corp profits is federal income taxes. If he does pass this change then owners of S-Corps will pay upwards of 15.3% of their profits for Social Security Taxes. Thus eliminating the need to form an S-Corp.
What percentage of C Corporations actually pay corporate taxes?
Most of the C Corporations pay taxes and lots of taxes. It's just another media hype to say they don't. Remember, Corporations don't have exemptions, standard deductions, etc. like people do. The media likes to make noise about any credits given to business but business not only pays boatloads of taxes, but businesses provide jobs that run the economy.
What does incompanted mean?
Incompanted is an odd word made from slang in income corporations it means To pay with your Income taxes or to be paid with your income taxes strange as that is
Should you capitalize as State of Wisconsin or state of Wisconsin?
Depends on whether you are talking about the place or the entity. The place you'd go on vacation would be the state of Wisconsin, but you pay your taxes to The State of Wisconsin.
