On Fri, 25 Mar 2011 09:55:10 -0700 (PDT), KD7HB
wrote:

On Thursday, March 24, 2011 10:04:12 PM UTC-7, F. George McDuffee wrote:


=========
Another excellent argument for an AMCT [alternative minimum
corporate tax] possibly based on total domestic gross sales
rather than net domestic profit.


We have that right now in Oregon and it taxes "C" corps on their gross sales in Oregon. This is the second year in force because the legislature back dated the law! "S" corps and others pay a minimum of $150. I have had to borrow that amount because my company lost money.

As many "C" corps as possible have changed to "S" corps. Many co-ops have gone out of business. Many large wheat ranches, etc. have been sold to out of state corporations. They would have NO in state sales.

Of course, the lawyers, the "PC" professional corporations, are exempt!

What a screwed up mess.

Paul
================
see
http://news.yahoo.com/s/yblog_theloo...BhaWRub3RheGU-
snip
As Washington worries about the United States' growing
deficit problem, there's mounting evidence the government is
failing to collect taxes from wealthy individuals and
corporations. A piece in today's New York Times by David
Kocieniewski outlines how G.E. skirted paying any taxes on
$5.1 billion in profits in 2010--in addition to claiming a
$3.2 billion tax credit.
snip
------------
The general rule must be "if you're gonna' play then you
gotta' pay."

Particularly at the municipal and state levels, corporations
expect/demand governmental services such as law enforcement,
civil/criminal courts, emergency services such as fire and
medical, and obtain the benefits of universal education in
their work force. It seems only reasonable that part of
their normal business expenses include reasonable taxes to
help pay for these benefits.


-- Unka George (George McDuffee)
...............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).