Boeing publicly discloses $305 million in 2015 tax breaks

They need to pay their taxes like everyone else.

Since they're profitable enough to sink 14 Billion into buying their own stock & paying a handsome dividend, they are not hurting for cashflow, at all. Advocating lower tax rates for companies which are already massively profitable, and threatening higher prices or job cuts is a joke, neither would happen. These are just corporate talking points, it's propaganda, & I hope redditors can see that. Making these companies more profitable will not create more jobs, it will just go into stock buybacks and dividends. Our S&P 500 companies are spending nearly 100% of their profits buying back their own stock & paying dividends, anyone who advocates that increasing corporate profits by cutting their tax rates will create more jobs is completely disingenuous. When you bring up the amount of buybacks companies are doing the first talking point that comes up is that it's the best ROI, and there's no reason to expand or invest in the workforce if does not provide better guaranteed returns. Yet when they advocate for lower taxes, their first talking point is that increased profitability will lead to more jobs, it's 100% bullshit with no basis in reality.

Also, your tax graph is utter bullshit, those are marginal, not effective tax rates. "The company's 10-K annual report, filed earlier this month with the Securities and Exchange Commission, shows that in 2014 Boeing paid a net $581 million in taxes on pretax U.S. profits of $6.8 billion, an effective tax rate of 8.5 percent."

Most profitable corporations only pay 15-20% effective tax rates.

/r/news Thread Link - komonews.com