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The next time someone tries to tell you the rich are paying their fair share, reconcile that with the statistics.
Corporate income - 19 Trillion Dollars
Private income - 12 Trillion Dollars
Amount of Federal income received from Corporate tax - 12%
Amount of Federal income received from Private tax - 45%
Amount of Federal income received from Payroll Tax - 36% (½ of Payroll tax paid by employees.)
Total private - 63%
Total corporate - 30%
Now you know why the government is in debt, and the Corporate CEO’s are living like kings.
If you think the Federal numbers are bad, you should see the State figures.
The next time someone tries to tell you the rich are paying their fair share, reconcile that with the statistics.
Corporate income - 19 Trillion Dollars
Private income - 12 Trillion Dollars
Amount of Federal income received from Corporate tax - 12%
Amount of Federal income received from Private tax - 45%
Amount of Federal income received from Payroll Tax - 36% (½ of Payroll tax paid by employees.)
Total private - 63%
Total corporate - 30%
Now you know why the government is in debt, and the Corporate CEO’s are living like kings.
If you think the Federal numbers are bad, you should see the State figures.
Links to the sources of your statistics?
Oh, last time I checked the corporate CEO's did not own the publically held corporations, the stockholders did. Therefore, corporate CEO's are being taxed as private individuals along with the rest of the stockholders via taxes on their income, including dividends and realized capital gains.
What a corporation or business pays in tax is really irrelevant, it gets passed onto you the consumer as an expense and is hidden in the cost of the item. A tax on a business is no different than the light bill.
Laughable....it is easy, the Govt should stop spending. Why should a corporation pay for Benefits for an individual...if you want services pay for them.
Every dime of corporate tax is collected from customers of corporations. A corporate tax is a hidden tax paid by the people. If we abolished corporate tax entirely, the whole economy would boom and everybody would be better off. But that doesn't fit the pet theories of the class warriors.
The points made by Mogal and PHGQ are also good ones.
Now you know why the government is in debt, and the Corporate CEO’s are living like kings.
The CEO's are paying the personal income tax rate. Also a lot of them have the bulk of their compensation tied up in stock options which is the incentive for the company to do well. I really want the companies that I'm invested in to do well.
As stated earlier, taxes are already figured into the price of good and services so that is effectively passed on to the consumer. Raise corporate taxes and watch the price of everything go up.
The CEO's are paying the personal income tax rate. Also a lot of them have the bulk of their compensation tied up in stock options which is the incentive for the company to do well. I really want the companies that I'm invested in to do well.
As stated earlier, taxes are already figured into the price of good and services so that is effectively passed on to the consumer. Raise corporate taxes and watch the price of everything go up.
Liberal chuckleheads don't get this. They argue on emotion and soundbites...
Obviously most of you have little understanding of the corporate world. CEO,s do not purchase their own cars, they use company cars at company expense. They do not pay for their meals, company credit card. Many live in housing paid for by the company. They use company money to support their lavish lifestyles while banking their income. They avoid high personal income tax rates by taking the majority of their compensation in the form of stock options, and pay the lower capital gains rate. The argument that taxes are passed on to consumers as higher prices is absurd. Corporate profits are skyrocketing and to say they have no obligation to pay their fair share of taxes is asinine. The people are tired of the BS of the Oligarchs; it is time to start hanging them from their well manicured trees.
The big money has never paid its share of maintaining the government and society that protects it from crime and provides the market for it products. This is called externalizing costs and is a principal way of creating profits while being a parasite.
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