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If you eliminate business/corporate taxes and shift it to a sales tax you are raising the tax on foreign companies.
Good!
That too!
Trade tariffs had been in place since the Revolutionary War was won.
Tariffs were used to protect the workers, economy and resources of the United States.
Not until the Progressive Era Tariffs worked. Not too much not too little. (Then came Smoote Hawley Tariff Act.)
A time where we exported most of our production, because the rest of the world was not industrialized.
Importing more than exporting is a disaster waiting to happen, unless protections are in place. The Federal Government has made rules and fees to make it not competitive to manufacture here in the USA. With that, we need worker protections, to keep Americans, making things for Americans.
The success of corporations are the success of this country. When you tax a business or corporation they pass that onto the consumer. If you eliminate those business and corporate taxes besides the other benefits I listed those taxes are now exposed to the consumer with the flat tax.
Our large corporations hurt America. All of America's large corporations have moved their production jobs to Asia. Americans no longer make TV's, telephones, or radio's because corporate greed moved those high paying American jobs to Asia.
But worst of all corporate think tanks manipulate Americans with their news outlets like Fox news.
Example, combating global warming would decrease corporate profits. So Fox news tells its viewers global warming is a hoax, even though 97% of climate scientists say its most likely happening. Climate Change: Vital Signs of the Planet: Consensus
Our large corporations hurt America. All of America's large corporations have moved their production jobs to Asia. Americans no longer make TV's, telephones, or radio's because corporate greed moved those high paying American jobs to Asia.
But worst of all corporate think tanks manipulate Americans with their news outlets like Fox news.
Example, combating global warming would decrease corporate profits. So Fox news tells its viewers global warming is a hoax, even though 97% of climate scientists say its most likely happening. Climate Change: Vital Signs of the Planet: Consensus
Why should taxes be used to diminish inequality? That's moving taxes from the necessary evil of taking another person's property, to trading on the position of treating citizens unequally in order to promote equality. It's ridiculous.
The average effective federal income tax rates are listed for other income groups, as well. For example, the top 10-25% has an average effective federal income tax rate of 9.96%. The same for the top 25-50% is 7.21%.
Its only when you speak of raising taxes on the rich that republicans get upset.
U know u confused effective vs marginal tax rates.
Someone making 20-30k with a kid can essentially be paying close to a 0% effective federal tax rate. I know a lot of people grossing 100k self employed who essentially pay 5% effective federal income taxes which their deductions.
Let's be fair and balance if you want to discuss tax rates.
Plus buffet income mainly are through passive income which are taxed differently (lower). Like John Kerry wife paying essentially an effective tax rate of about 10%.
It's no secret. Besides hedge funds who use carry over interest. The super rich mainly live off dividends and tax exempt muni bonds etc which are taxed extremely low.
And no. You are wrong. Democrats don't want to raise taxes on the super rich either. There is a big difference between raising taxes on someone making 400k W2 vs imposing a wealth tax of say 1% above net assets over 10 million. Even Nancy Pelosi would never agree to a wealth tax cause that would directly affect her wealth.
The average effective federal income tax rates are listed for other income groups, as well. For example, the top 10-25% has an average effective federal income tax rate of 9.96%. The same for the top 25-50% is 7.21%.
Your source is a think tank created by and managed by large corporations, and their only goal is to lower corporate and CEO tax rates, and decrease government regulations on large corporations. Tax Foundation - SourceWatch
And no. You are wrong. Democrats don't want to raise taxes on the super rich either. There is a big difference between raising taxes on someone making 400k W2 vs imposing a wealth tax of say 1% above net assets over 10 million. Even Nancy Pelosi would never agree to a wealth tax cause that would directly affect her wealth.
Obama and the democrats tried to pass a law to make millionaire/billionaire CEO's pay fair tax rates, but the republicans stopped the law from passing.
Your source is a think tank created by and managed by large corporations, and their only goal is to lower corporate and CEO tax rates, and decrease government regulations on large corporations.
Their charts are of IRS tax data. If you doubt their accuracy, you're welcome to post a link to the IRS's breakdown of each income group's average effective federal income tax rate, instead.
Take a look at income levels and their corresponding average effective federal income tax rates in the IRS publication.
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