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How bad you reckon the economy would be if we hadn't put that directly back into the hands of grocery stores, landlords and utility companies?
What if the poor were able to offshore their funds like the ludicrously folks you're always schlepping for Neo?
The rich take money OUT of the economy ... at least Welfare is putting some back in.
originally posted by: neo96
a reply to: Gryphon66
So why is it then they are telling me how much money I can have.
How many guns I can own, How many rounds it can fire, and I can't even own one to begin with.
Why is it that they should take over my healthcare?
MY education?
Telling people that have to be more 'environmentally' friendly' ?
No one is telling you "how much money you can have". Taxes are taxes. The government takes them out regardless if it is small or large and they are ALWAYS a percentage of the total too. So there can never be a threshold of maximum money you can have. That is just showing a misunderstanding of math to push a bad partisan point.
Who told you how many guns you can own? I've yet to see a bill limiting the total number of guns someone can buy (outside of banning their sale altogether to specific people).
No one has taken over your healthcare. You are still free to choose any private health insurance option you want. The only thing that is really different is that you have to buy health insurance now.
The government has controlled education for a LONG time. Pretending like recent educational changes being a new thing for government is just dumb and uneducated
How many mega-corporations paid no income tax last year Neo?
Double taxation occurs because corporations are considered separate legal entities from their shareholders. As such, corporations pay taxes on their annual earnings, just as individuals do. When corporations pay out dividends to shareholders, those dividend payments incur income-tax liabilities for the shareholders who receive them, even though the earnings that provided the cash to pay the dividends were already taxed at the corporate level. Read more: Double Taxation Definition | Investopedia www.investopedia.com... Follow us: Investopedia on Facebook
So no, I don't think many liberals actually care how much money you have.
Corporate share of federal tax revenue has dropped by two-thirds in 60 years — from 32% in 1952 to 10% in 2013.
General Electric, Boeing, Verizon and 23 other profitable Fortune 500 firms paid no federal income taxes from 2008 to 2012.
288 big and profitable Fortune 500 corporations paid an average effective federal tax rate of just 19.4% from 2008 to 2012.
Profitable corporations paid U.S. income taxes amounting to just 12.6% of worldwide income in 2010.
U.S. corporations dodge $90 billion a year in income taxes by shifting profits to subsidiaries — often no more than post office boxes — in tax havens.
U.S. corporations officially hold $2.1 trillion in profits offshore — much of it in tax havens — that have not yet been taxed here.
originally posted by: peter_kandra
a reply to: paxnatus
Exactly how does one get a bee sting in the penis? Doing a little skinny dipping? That hurts just thinking about it.
I wonder how much of this is use it or lose it funding prior to the end of the fiscal year, so they dust off some old grant proposals from the shelf and fund them.
A dive into GM’s filings with the Securities & Exchange Commission reveals that while the carmaker makes nearly all of its profits in the U.S., it pays virtually no U.S. federal, state or local taxes. The carmaker paid just $5 million in federal taxes last year, its SEC filings show. For its total federal, state and local bill, all in, it booked zero taxes, the filings show. Meantime, in 2015, GM paid more than $908 million in taxes to China, due to its profits from its joint ventures there, the filings show (see here:www.gm.com...).
originally posted by: neo96
a reply to: Gryphon66
And the point is WHAT ?
Forget this ALREADY ?
45% of Americans pay no federal income tax
Can't really snip about corporation 'not' paying taxes when the majority of people are not 'paying' taxes.
Oh dear corporation 'don't' pay taxes.
A dive into GM’s filings with the Securities & Exchange Commission reveals that while the carmaker makes nearly all of its profits in the U.S., it pays virtually no U.S. federal, state or local taxes. The carmaker paid just $5 million in federal taxes last year, its SEC filings show. For its total federal, state and local bill, all in, it booked zero taxes, the filings show. Meantime, in 2015, GM paid more than $908 million in taxes to China, due to its profits from its joint ventures there, the filings show (see here:www.gm.com...).
www.foxbusiness.com...