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Title is misleading... The original title is "55 Corporations paid $0 tax..." and who cares... sounds like a garbage report by a think tank to bolsters the poli

Title is misleading... The original title is "55 Corporations paid $0 tax..." and who cares... sounds like a garbage report by a think tank to bolsters the policies they care about. Why is this on HN?

jklinger410 5y ago
I think a lot of people care that the poor and middle class are paying their fair share of taxes while millionaires and corporations are not. But I agree that this probably isn't a great topic for HN.
- twofornone 5y ago
  >taxes while millionaires and corporations are not. This lazy myth needs to die. I don't remember the exact statistics but the top 10% pay a huge share of taxes, and something like the bottom 50% pay next to nothing.
- mlindner 5y ago
  Corporations can pay 0$ for a lot or very legitimate reasons. For example no sale of assets or negative profit, among other reasons.
  - tejtm 5y ago
    Yet for corporeal entities such reasons are deemed very illegitimate ... funny that.
- mehrdada 5y ago
  At any given year there will be N corporations whose tax bill will be zero. It's not even relevant as a policy matter that "55 corporations" are cherrypicked to have $0 tax bill for a certain year. It's not legitimate tax policy debate even, just clickbait.
- marcusverus 5y ago
  Per the Tax Foundation, the bottom three quintiles by income are net recipients of federal tax money. See the third graphic: https://taxfoundation.org/average-federal-tax-rates-income-group/ https://taxfoundation.org/average-federal-tax-rates-income-g...
dang 5y ago
HN's software strips leading numbers in some cases. I've put the 55 back above.
newbie789 5y ago
I’d wager that a lot of people outside of think tanks have strong opinions about taxation. I’d even go so far as to suggest that if you were to ask some average Americans what they think about this topic, you’d see that a nontrivial amount of them would have an opinion one way or the other. I think this is on HN because taxation and social mores are relevant to entrepreneurship, which is a very big theme on a forum ran by a venture capital fund that operates in the United States.

jklinger410 5y ago

I think a lot of people care that the poor and middle class are paying their fair share of taxes while millionaires and corporations are not. But I agree that this probably isn't a great topic for HN.

twofornone 5y ago
>taxes while millionaires and corporations are not. This lazy myth needs to die. I don't remember the exact statistics but the top 10% pay a huge share of taxes, and something like the bottom 50% pay next to nothing.
mlindner 5y ago
Corporations can pay 0$ for a lot or very legitimate reasons. For example no sale of assets or negative profit, among other reasons.
- tejtm 5y ago
  Yet for corporeal entities such reasons are deemed very illegitimate ... funny that.
mehrdada 5y ago
At any given year there will be N corporations whose tax bill will be zero. It's not even relevant as a policy matter that "55 corporations" are cherrypicked to have $0 tax bill for a certain year. It's not legitimate tax policy debate even, just clickbait.
marcusverus 5y ago
Per the Tax Foundation, the bottom three quintiles by income are net recipients of federal tax money. See the third graphic: https://taxfoundation.org/average-federal-tax-rates-income-group/ https://taxfoundation.org/average-federal-tax-rates-income-g...

dang 5y ago

HN's software strips leading numbers in some cases. I've put the 55 back above.

newbie789 5y ago

I’d wager that a lot of people outside of think tanks have strong opinions about taxation. I’d even go so far as to suggest that if you were to ask some average Americans what they think about this topic, you’d see that a nontrivial amount of them would have an opinion one way or the other. I think this is on HN because taxation and social mores are relevant to entrepreneurship, which is a very big theme on a forum ran by a venture capital fund that operates in the United States.