What IS the difference between a tax cut for a corporation and a bailout check for a corporation?

[Smith_3]

:shrug: Seems to me like giving them money out of the taxes or letting them keep the money that they were supposed to pay into taxes boils down to being exactly the same thing.

[Zynx]

1. The difference is the banks aren't earning profits so a tax cut doesn't help them survive.

The bailout does.

[HereSince1628]

3. self delete

wrong placement

[ThomWV]

2. Corporaton

[HereSince1628]

4. We all need coffee this morning check your spelling of quiet on your post

I can't reply in the right place!!!

check your spelling of quiet on your post

[ThomWV]

9. I know, horrible isn't it?

I didn't want to say anything but I was hoping he'd catch it and edit his post to fix the thing because it was such a good post and being such a piss poor speller myself and having to rely on spell checkers so much I understand the embarassment when the wrong word slips through.

[HereSince1628]

13. It's all among friends...

Somedays its just harder to get the motor running smooth.

[Smith_3]

5. fixed. nt

[baldguy]

6. How do you give a tax cut to entities that don't pay taxes?

[Smith_3]

8. Not only banks are receiving bailouts, are they?

Car industry?

[ThomWV]

10. If you go look at tax receipts for the Government you'll see that Corps pay almost exactly half

Go look, really, I'm not kidding. Corporate income tax pays about half of the nation's tax revnues, individual taxs account for the other half. The total is now about $2.5 trillion per year.

[baldguy]

12. And you know as well as I do that those taxes are paid by small businesses and the middle class

And ant tax relief coming from the GOP goes only to the Fortune 1000 and the multi-millionaires that run them.

[Zynx]

14. However, banks have no profits right now.

[lonestarnot]

7. One has to be paid back... pfffft yeah right.

:rofl:

[terisan]

11. Like Earned Income Credit for Poor Families-Except with banks we also take on their Debt.