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corporation don't pay taxes. period
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Eventually corporations will seek to offer their products at the most competitive price and with the largest margin . One way to do so is to manufacture their products in an environment that has lower labor costs . Another way to enhance corporate income is to sell their products outside of the US and hold their profits from those sales outside of the US . These profits are a major component of the " off-shore corporate profits " that you keep hearing about . If we the people allowed those off-shore profits to come back into our economy by not subjecting them to additional taxes [ US Taxes ] there would be a huge benefit to our economy . [ Note : these dollars were from manufacturing that took place outside the US and were sold outside the US . They have already been taxed by foreign Nations ] . |
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Personal Best Regards: |
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Personal Best Regards: |
Dear Guests:
Let's begin with the premise that the proper word for taxes, the "t"word connotes "theft" Why is any politician is permitted to steal your earnings? And early on when America found a bona fide reason to tax it was associated with state government. How did it come to pass that the federal government claimed its right to any % of our income with the added insult of spending our money as they deemed fit? In other words why do taxes (revenue flow to the central government from the states We have become so accustom to this Byzantine taxing scam that it actually appears normal to us evidently because it is often left unchallenged. I am certain that a portion of the population rich or poor feel an entitlement for this very reason We cannot have a constructive discussion in this nation until we rediscover our history and the intent of our founders concerning the relationship between citizen and government Personal Best Regards: |
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America's wealth gap -- in 1776 Let us know what you think? |
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Colorado Springs, my home town in a state with open carry suffered 2 mass shootings in less than a month. Tell me again how more guns will make things better? |
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Wealth envy is a very unbecoming appearance. Corporations get tax breaks, and that is OK with me. Otherwise, since we have the world's highest corporate tax rate, they move overseas. Not the only reason, but one of them. It is very disingenuous to parrot the thoughts of those that try to control your vote by demonizing the wealthy. If not for the wealthy, we would not have the decent lifestyle we enjoy. I do not care how rich someone gets, as long as they do it honestly. Taking the tax breaks provided by the government is honestly. Even the supreme court has stated that no one should pay more taxes than required by law. No only do the rich pay most of the tax revenues taken in by the government, but they also pay a lot of sales taxes. They purchase expensive goods, including jewelry, cars, boats, vacations, and other types of rich lifestyle expenses. Not only do they pay taxes, sales taxes, but they also pay for labor. And the cost of the goods they purchase pays for jobs. Poor people do not hire employees. So, if you take away from the rich, they will either go elsewhere or not hire new employees. Then the economy tanks. I realize that I have put this simply, but sometimes it seems like you are having a conversation with the simple.
It always amazes me to observe those that are hypnotized by a wealthy person that assures you that the rich are evil. I bet they laugh so hard that they have trouble sleeping at night. |
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I don't understand the retiree comment. Most of those retirees are super fortunate, savings, pensions, social security. But you missed the point. The future is a jobless economy. It may be 10 years, 20 years, even 50 years, but surely you understand. We can continue to create meaningless jobs, or just provide basic subsistence. I see no other option. A basic income for all would keep the economy moving with all that spending. |
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But, most importantly, you can't possibly believe that the wealthy fat cats "earned" their income. They basically skim off the labor of others. In any case, they are not paying enough taxes, at least not compared to what I pay. They may pay more in actual dollars, but what they take from me is far more valuable. What they pay is like a rounding error. |
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On the other hand, I could argue we should eliminate the personal income tax. Most people don't actually pay income taxes. It's withheld before they get it and they never actually see the money. It's just paperwork. Why not replace the personal income tax with a "wage tax". A wage tax paid by an employer on wages paid. Realistically, they pay the personal income tax anyway. In fact, they overpay because most people get a refund. The wage tax approach could be very efficient. Indeed, we could get to the long talked about flat tax. Suddenly, it wouldn't matter about the recipient, rich or poor. No need for personal exemptions, medical deductions, or anything. |
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