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Originally posted by wildtimes
reply to post by NOTurTypical
Some states already have, and others are working on ending their income taxes. Some states also have no sales tax.
The problem is a global one, not a local one. What's your point?
Originally posted by Kali74
reply to post by ThirdEyeofHorus
You are really shocked at the President's Progressiveness?
I'm shocked at how Right Wing he is and how ignorant other people are not to see it. Though it's funny as hell in the moment, it's tragic in the big picture.
Companies leave the US because of taxes, citizens mass-migrate from high tax states to others without tax rates. There is a lesson to be learned from history, like what happened to the Roman Empire or France and Greece for example.
Originally posted by muse7
Lol Republicans keep manufacturing sideshows, country be damned!
Creating a scandal about a Marine holding an umbrella for Obama is higher on their priorities list, than actually doing their jobs and working to pass legislation that helps out the country.
This has now gone past obstructionism and is now almost down right tyrannical.
I am listening to you blame government for everything, when the government is IN BED with corrupt corporatists. The blame goes to BOTH.
You can't blame the government and NOT HOLD CORPORATIONS or Wall Street ACCOUNTABLE for what they do.
I want everyone held to account but Wall Street and corporations didn’t create the problem…they exploited it.
I am listening to you blame government for everything, when the government is IN BED with corrupt corporatists. The blame goes to BOTH
They exploited it BY CHOICE, and they pay politicians to KEEP THE LOOPHOLES OPEN.
But I guess ethics are "relative". You know I agree with you about the lobbying, but even if there wasn't lobbying, there would STILL be congressmen/women with insider trading knowledge and their pockets would still be lined. It's collusion - it's not a one-sided thing.
Especially when scum like Mitt Romney winds up being nominated, and rich lawyers, um.... liars like Obama and ALL POLITICIANS are the "other choice."
Read what groingrinder said above.
But it would certainly help if people weren't so psychotically obsessed with "MORE MONEY!!!"
Yes they did.
They own the government.
It's time to force governments to stamp out tax abuse by corporations and the wealthy.
Everyone "knows" that the corporate income tax is a mess. Ask any company. They pay too much in corporate income tax, face rates higher than in any other OECD country, and are just following the law when they use tax havens to keep profits eternally deferred from taxation and to perform general sleight-of-hand.
Don't believe a word of it.
While some economists believe we shouldn't tax corporations at all, the corporate income tax (CIT) is a necessary backstop to the personal income tax (PIT). With no CIT or a rate lower than the PIT, individuals have an incentive to incorporate their economic activities so they aren't taxed on them, or are taxed less. Needless to say, this is something an average wage or salary worker would not have the ability to do. This is another area where we have one tax law for the 1%, and different rules for the rest of us.
we need to redouble our efforts to force governments to stamp out tax abuse by corporations and the wealthy.
unitary taxation treats multinational corporations the same way many states already tax the income of multistate corporations: considering all of a company's subsidiaries as a single entity, and using a formula to determine what portion of its global profits are taxable in your jurisdiction.