Exactly! Good point. Does our government have a surplus or deficit?
And remember when gas was $4? That fucked your bills up, right?
So clearly you pay more than your share in taxes.
Now after seeing how these mega corporations are sheltering their $ offshore and so are 50,000 of our richest Americans (UBS), I would say that they are NOT paying their fair share.
Lets say pre Reagan they were paying too much. Ok fine, so Reagan lowered their taxes. FINE. But then Bush 2 came in and lowered them too much.
And no matter how low he makes them, 3rd world countries labor costs are still lower than they are here, so they will still leave the country if the politicans allow them, and they will never stop complaining until they not only pay zero in taxes, but they will probably even push to be subsodized.
What would you say then? If a big company in your state said, "give us a billion dollars in tax subsodies or we are leaving your state and the US.
Do you know what I would say? Leave!!! And don't ship your shit back here.
And then another start up company in the "free market" will take over for them.
Instead of their CEO making $20 million, he/she might only make $2 million a year.
And the only way wages will go up is if jobs are plentyful. We can't replace the jobs that are leaving fast enough. And Green jobs don't pay as well as the union jobs that left.
That's not a good thing. And that will affect all of us. If wages go down for some, they typically go down for all of us.
If you are a business owner, maybe you don't mind, but as a worker bee, that's bullshit.
And it doesn't help the economy either.
That's the thing about right wing thinking. It just doesn't work.
I get all your talking points. We don't want to tax a company so much that they can't succeed. And we can't be isolationists. But we do need to tax the companies "their fair share" and we do need to protect the American middle class, which is under attack.
So again, what is their fair share?????? You are saying that if they make $20 million a year they are not paying their fair share.... What if they pay 90% in taxes and still make $20 million???? Are they still not paying their fair share???? What is that number? Is it what ever it takes to keep their pay at $2 million a year? Why is it you or the government that should tell these people how much they should make? Also, how is raising taxes on American coporations going to entice corporations to move their operations here?
Look, indexing (income bracketing) has been going on since 1917. You need to stop pretending this is all some new elaborate tax plan belonging strictly to Obama. It fluctuates among the majority party, with Reagan lowering the highest percentage, Clinton bringing it back up, Bush lowering it again, and now Obama trying to raise it back to where it was during the Clinton administration.
Deal with it.
Thanks Maggie.