What? The left thinks the wealthy don't get taxed enough?

Discussion in 'Economy' started by Liberty, Mar 16, 2011.

  1. Liberty
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    Liberty Silver Member

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  2. skeptic
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    skeptic BANNED

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    >an effective corporate tax rate that is at least half of the advertised rate.

    >no more corporate loopholes whatsoever

    >no sheltering income abroad from federal and state taxes.

    >if corporations are people, and they don't pay their taxes, they should have their assets seized without a hearing and their execs indicted for fraud.
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Obama returns to his tax-the-wealthy plan...
    :clap2:
    Obama to Put Taxes on Table in Spending Plan
    April 11, 2011 | President Barack Obama will lay out his plan for reducing the nation's deficit Wednesday, belatedly entering a fight over the nation's long-term financial future. But in addition to suggesting cuts—the current focus of debate—the White House looks set to aim its firepower on a more divisive topic: taxes.
     
  4. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says, "Dat's right tax all their money - den dey can learn to live like the rest of us po' folks...
    :cool:
    100 Percent Tax on Those Earning $500K or More Leaves U.S. With $839B Deficit
    Monday, April 18, 2011 - When he presented his plan for dealing with the national debt last week, President Barack Obama suggested a number of ways he would like to increase taxes on people he referred to as “millionaires and billionaires.”
     
  5. sparky
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    sparky VIP Member

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    grand job Waltky

    butcha know, the whole tax code thing is easily confused , every political stripe cherrypicks something condusive to their stance, it's the biggest cloak going for the outrageous disparity the elites created in America

    Plutocracies only gain legs on such tactics, and the tools who buy into it
     
  6. editec
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    editec Mr. Forgot-it-All

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  7. Truthseeker420
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    Truthseeker420 Gold Member

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    Most firms pay no income taxes - Congress
    Study finds that the majority of domestic and foreign corporations in the United States avoid paying federal income taxes.

    NEW YORK (CNNMoney.com) -- Nearly two-thirds of U.S. companies and 68% of foreign corporations do not pay federal income taxes, according to a congressional report released Tuesday.

    The Government Accountability Office (GAO) examined samples of corporate tax returns filed between 1998 and 2005. In that time period, an annual average of 1.3 million U.S. companies and 39,000 foreign companies doing business in the United States paid no income taxes - despite having a combined $2.5 trillion in revenue.

    The study showed that 28% of foreign companies and 25% of U.S. corporations with more than $250 million in assets or $50 million in sales paid no federal income taxes in 2005. Those companies totaled a combined $372 billion in sales for the largest foreign companies and $1.1 trillion in revenue for the biggest U.S. companies.

    Majority of corporations avoid federal income taxes - study - Aug. 12, 2008
     
    Last edited: Apr 19, 2011
  8. Truthseeker420
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    Truthseeker420 Gold Member

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    Did the idiots at the Tax Foundation tell that the tax rate is different than the tax burden? So what the tax rate is and waht a company pays is two different things.
     
  9. KissMy
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    KissMy Free Breast Exam

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  10. Liberty
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    Liberty Silver Member

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    Your argument is sales tax = corporate tax. interesting? please elaborate.
     

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