- Sep 19, 2011
- 28,463
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- 900
USE FACTS!
For example... most liberals/progressives railing against those EVIL corporations and their paying NO TAXES by taking huge deductions have no idea of what they are writing about!
These liberal/obama supporter hyperbolate, exaggerate and when confronted with the FACTS... they can't refute them!
EVIL corporations take the biggest tax deductions to the detriment of ordinary tax payers ! Right? Heard that many times right?
FACTS!
What are the largest tax expenditures? In 2008 expenditures (tax deductions allowed) these are the amounts and types of deductions that Romney MAY suggest be eliminated or reduced. If ALL the deductions were eliminated another $653 billion would be added to tax revenue...
Ranked by size the type of deduction and the amounts written off against taxes in 2008
NOTE Largest tax deduction: is the employers' payment of employees' medical insurance premiums...$131 billion a year..
Next Largest: is Employers' deducting $117.7 billion in contributions for employees pensions..
Next Largest: $88.5 billion in home owners deducting interest.
THREE LARGEST DEDUCTIONS against tax liability of $236 Billion just for individuals who work for employers and own their homes.. INDIVIDUALS NOT companies benefits!!!
NOT ONE of the THREE largest deductions are to the benefit of the evil corporations!!!
PLUS are you aware that employers pay annually to the Federal government in Social security/Medicare tax $ 409 billion on the $5 trillion in wages/salaries employers pay?
Federal Revenues by Source
Amount of
Deduction Type of deduction that government ALLOWS tax payer to subtract from taxes
Of these 12 deductions nine benefit individuals.. 3 companies...
SO all you liberals/Obama supporters... PLEASE REFUTE THIS FACT that $236 billion in TAX LOOPHOLES BENEFIT EMPLOYEES/Individuals!
Total benefits "tax loopholes" benefiting companies: $136 billion! THAT 's what you idiots who don't use facts don't seem to know!
$ 31.5 Benefits company: Deferral of income from controlled foreign corporations
$ 55.9 Benefits company: Accelerated depreciation of machinery and equipment
$ 49.1 Benefits company: Deductibility of non-business state and local taxes
SO yea... do away with those evil tax deductions evil companies pay and you
A) eliminate health insurance for employees
B) retirement pensions.
and you will send not only $136 billion from the above but $250 billion companies will save but NOT deducting health/pensions.. means at 35% bracket $87 billion more in revenue!
Wow such a good deal! All these employees now have to spend OUT of THEIR OWN pocket health/pension costs!
Great idea!!!
For example... most liberals/progressives railing against those EVIL corporations and their paying NO TAXES by taking huge deductions have no idea of what they are writing about!
These liberal/obama supporter hyperbolate, exaggerate and when confronted with the FACTS... they can't refute them!
EVIL corporations take the biggest tax deductions to the detriment of ordinary tax payers ! Right? Heard that many times right?
FACTS!
What are the largest tax expenditures? In 2008 expenditures (tax deductions allowed) these are the amounts and types of deductions that Romney MAY suggest be eliminated or reduced. If ALL the deductions were eliminated another $653 billion would be added to tax revenue...
Ranked by size the type of deduction and the amounts written off against taxes in 2008
NOTE Largest tax deduction: is the employers' payment of employees' medical insurance premiums...$131 billion a year..
Next Largest: is Employers' deducting $117.7 billion in contributions for employees pensions..
Next Largest: $88.5 billion in home owners deducting interest.
THREE LARGEST DEDUCTIONS against tax liability of $236 Billion just for individuals who work for employers and own their homes.. INDIVIDUALS NOT companies benefits!!!
NOT ONE of the THREE largest deductions are to the benefit of the evil corporations!!!
PLUS are you aware that employers pay annually to the Federal government in Social security/Medicare tax $ 409 billion on the $5 trillion in wages/salaries employers pay?
Federal Revenues by Source
Amount of
Deduction Type of deduction that government ALLOWS tax payer to subtract from taxes
[*]$131.0 billion Benefits individual: Exclusion of employer medical insurance premiums and medical care
[*]$117.7 Benefits Individual: Net exclusion of pension contributions and earnings
[*]$ 88.5 Benefits Individual : Deductibility of mortgage interest on owner-occupied homes
[*]$ 55.9 Benefits company: Accelerated depreciation of machinery and equipment
[*]$ 49.1 Benefits company: Deductibility of non-business state and local taxes
[*]$ 46.8 Benefits individuals and companies Deductibility of charitable contributions (Obama deducted $245,000 in donations)
[*]$ 31.5 Benefits company: Deferral of income from controlled foreign corporations
[*]$ 30.0 Benefits individuals:Capital gains exclusion on home sales
[*]$ 29.1 Benefits individuals: Deductibility of State and local property tax on owner-occupied homes
[*]$ 28.4 Benefits individuals: Child credit
[*]$ 24.2 Benefits individuals:Capital gains (except agriculture,timber, and coal)
[*]$ 21.5 Benefits individuals:Step-up basis of capital gains at death
Of these 12 deductions nine benefit individuals.. 3 companies...
SO all you liberals/Obama supporters... PLEASE REFUTE THIS FACT that $236 billion in TAX LOOPHOLES BENEFIT EMPLOYEES/Individuals!
Total benefits "tax loopholes" benefiting companies: $136 billion! THAT 's what you idiots who don't use facts don't seem to know!
$ 31.5 Benefits company: Deferral of income from controlled foreign corporations
$ 55.9 Benefits company: Accelerated depreciation of machinery and equipment
$ 49.1 Benefits company: Deductibility of non-business state and local taxes
SO yea... do away with those evil tax deductions evil companies pay and you
A) eliminate health insurance for employees
B) retirement pensions.
and you will send not only $136 billion from the above but $250 billion companies will save but NOT deducting health/pensions.. means at 35% bracket $87 billion more in revenue!
Wow such a good deal! All these employees now have to spend OUT of THEIR OWN pocket health/pension costs!
Great idea!!!
