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That's right - you can point out 26 large companies that aren't currently paying income taxes because of write offs against losses sustained in the financial crisis years all you want, or you can look at the estimated 43% of Americans who pay no income taxes.
Many of whom work full-time supporting families,
some of them are disabled surviving on SSDI,
some of them are elderly on SS / pensions.
Look at us all you want.
Quote:
... If the government wants more taxes from these 26 companies, all it has to do is change tax law, and these companies will pay taxes, it's that simple. Quit pointing fingers at companies and start pointing it at DC.
47% of Americans pay no income taxes (poor, retirees, etc)
These 25 companies pay no income taxes but they do pay employer taxes for all of their workers....What does that amount to?......BILLIONS of dollars. They also pay their employees who have federal taxes deducted from their checks.....once again BILLIONS of dollars. Then the investors that have gains on these companies stocks.....BILLIONS once again.
Safe to say these 25 companies are contributing far more than the 47% of Americans that pay nothing!
And the corporate 'profits' are distributed among share-holders, who all pay capital-gains taxes.
Don't forget about a government that produces NO product, but spends more money than all of these companies ever did or will. At least these companies produce a product and provide jobs.
LOL, what? Government is very productive. Ever heard of the interstate highway system? Or virtually all space exploration? And how about all the research our government does? Defense? Law enforcement?
You know who produces no product? The finance industry. All they do is move money around.
Let me know when the capital gains tax is as high as income tax...
Ideally, capital gains tax should be the same as income tax. The problem is that corporate profits are currently taxed before they are distributed to shareholders. When they are distributed to shareholders, they are, once again, taxed (capital gains taxed). This is unique from any other investment; and quite absurd.
LOL, what? Government is very productive. Ever heard of the interstate highway system? Or virtually all space exploration? And how about all the research our government does? Defense? Law enforcement?
You know who produces no product? The finance industry. All they do is move money around.
Where the hell do you think the government gets it's money, from these projects you listed ? They don't do any of these things, they hire them done WITH OTHER PEOPLE'S MONEY ! In fact they hire some of those 26 companies that don't pay any taxes.
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