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View Diary: Bernie Sanders: "Guess Which 10 Companies Aren't Paying Their Share" (147 comments)

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  •  Is there a different between a tax credit (0+ / 0-)

    and a tax refund?

    Exxon Mobil's 'credit' seems most heinous. It sounds plausible that others might have actually payed something.  There should be a provision in the tax code that you can't pay less than zero.

    "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

    by eXtina on Mon Aug 22, 2011 at 07:41:35 AM PDT

    •  Yes... (1+ / 0-)
      Recommended by:
      eXtina

      In most cases, tax credits for corporations are more beneficial than deductions. The amount of tax credits remains constant regardless of the income level and tax bracket of a corporation. By contrast, the amount of money a taxpayer actually saves through deductions depends to a great extent on the taxpayer's income level and tax bracket. Tax credits reduce a taxpayer's taxes more than a tax deduction of the same amount.

      A tax refund or tax rebate is a refund on taxes when the tax liability is less than the taxes paid.

      I'm a woman of color, who grew up in the north (Detroit, Michigan)

      by Boris Badenov on Mon Aug 22, 2011 at 10:45:52 AM PDT

      [ Parent ]

    •  They Would Simply Pay A Dollar (1+ / 0-)
      Recommended by:
      eXtina

      Begrudgingly of course.

      Livin' Large in a Tiny World

      by kerplunk on Mon Aug 22, 2011 at 11:18:52 AM PDT

      [ Parent ]

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