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Originally Posted by Guest
This is 100% absolutely true. What a lot of people fail to realize is that companies and big corporations really don't pay taxes. They simply collect money from the ultimate consumer and send it to the government.
Some in Congress and political parties have made big corporations to be the boogie man. They have convinced many of us that these entities are evil and are not paying their fair share of taxes. Nothing could be further from the truth. If you believe that, you are being used as a pawn in a big political game.
Corporate tax rates should be 0%. If that happened, prices would come down across the board and our money would be worth a lot more.
Actually, the only way to straighten out our mess of a tax code is The Fair Tax. It eliminates ALL income tax.
Pass the FAIRtax | FAIRtax |
The feds go in debt OVER a $ trillion each year...that's $3,000 for EVERY man woman and child. Add $3,000 a year to you expenses...just to pay for the current deficit.
The federal budget is about $4.5 trillion...divide it by 330,000,000 the population...and you get: $13,636 per citizen. So, a family of 4 has to come up with almost $55,000 a year JUST in federal taxes.
The spending is what is unsustainable. Giving 1/4, over $1,000,000,000,000 a year to the poor is unsustainable.
With the changing demographics...80% minorities in 30 years...our financial future is even more dire.