I am having an argument with a Heritage Foundation guy

[TioDiego]

and I would like to show him the what major corporations paid in taxes. Does anyone know where that information can be obtained? I would appreciate it very much. I saw some charts on Bartcop quite awhile back.

[RUMMYisFROSTED]

1. IRS

www.irs.gov

I believe if you start at "tax stats" you'll find your way.

[radwriter0555]

2. Why would you argue with a moonie?

What's the point?

[RobertSeattle]

3. Just be careful

Corporations pay federal taxes essentially on profit, not income. So the "profit" corporation show to their investors can be quite different than the "profit" they repor on the Corporate 1120.

[rucky]

4. If you're talking about offshore tax dodging...

Here's a good article:

http://www.citizenworks.org/corp/tax/taxbreif.php

Probably more resources on the home page.

[Grins]

5. I don't know the question, but

...the last I heard, AT&T, Bristol-Myers Squibb, Chase Manhattan, ExxonMobil, GE, Microsoft, Pfizer, Philip Morris, and others paid ZERO tax dollars from 1996-1998.

Worse, one of those shifty bastards, the one called Enron, not only didn't pay taxes, it actually got a whopping rebate of a third of a BILLION dollars - and that's on top of the $55 BILLION in tax breaks it got during the same period. Well, that's only fair, they did make $155 million in - tax deductible - political contributions ('Ya know, that's not bad work. That's a 35,000% return on investment), and hell, it's expensive living in Bermuda.

As for dividends, here's one from the Wall St. Journal (11Aug03, Ken Brown, emphasis mine) "...Limited Brands' founder, Chairman and CEO Leslie Wexner will get a $9.3 million annual boost, to $20.3 million, from the combination of the tax cut and a 33% dividend increase. And at Viacom Inc., Chairman and CEO Sumner Redstone, who holds 104 million class A shares and 93 million class B shares through a closely held company, will see a $40.2 million increase. Viacom, which HADN'T PAID A DIVIDEND since Mr. Redstone took control IN 1987, announced late last month that it would begin paying a 6 cent-a-quarter dividend.

"Several executives, including Mr. Schwab and Goldman's Mr. Paulson, PUBLICALLY SUPPORTED the dividend tax cut as a way to stimulate the economy and the stock market, which in turn would be good for their businesses. Spokesmen for both companies said that after taking a public position, the companies FELT OBLIGATED to boost their own dividends, effectively putting their money where their mouths were."