biden hilariously proclaims the rich should pay their fair share of taxes

[Lisa558]

Your willingness to take risk is based more on potential profit than on the tax rate.

When we have cut corporate taxes, they do not assume more risk……they mostly keep the extra profit

Or they pass it along to their employees via increases (which happened under Trump) or the stock value goes up and middle-income investors see their retirement portfolio increase (also happened under Trump).

 

[Soupnazi630]

The rich should pay their taxes.

They have as much right to avoid it as everyone else.

Over half of all Americans rich poor or in between cheat and avoid paying.

This is a good thing as taxes have become immoral and unacceptable

 

[Mac-7]

Our invasion of Ukraine was illegal. Putin invaded Ukraine to evict our puppets.

Putin had no right in seize the territory of a foreign country

He may have expected an easy conquest of a weaker country

But he was wrong and it will harm russia for years to come

 

[pknopp]

Biden’s effectively raised taxes on everyone, via inflation. Time to stop spending and printing money.

That should have been done years ago.

 

[rightwinger]

Yes, and the potential profit DROPS when the tax rate is increased.

You government workers really don’t have a clue.

We just cut corporate taxes from 38 percent down to 21 percent

Corporations did not raise salaries, they did not pass the savings down to the customer, they did not take additional risk…..they just kept the money

 

[pknopp]

You never ran a small business.

The owner(s) put in far more time, money and energy than the average employee.

Those employees wouldn't be able to create wealth or anything else without leadership

Local Toyota dealer was just sold. The owner has been sitting down in Florida for years.

 

[Tom Paine 1949]

P.S. (to Markle):

I think you are right that our present Supreme Court would rule direct federal taxation of wealth as unconstitutional. But legal and Constitutional problems with taxing wealth notwithstanding, there are other ways to effectively squeeze more from the rising plutocracy of mega-rich rentier capitalists, or discourage the rise of such a class in the first place.

 

[leftwinger]

I suspect the IRS has a 99% success rate. No one cheats for long. They will find you and sieze your funds until you are clean on filings.

Business is even tougher to cheat. There is a massive money trail, easily followed?

 

[Blues Man]

Local Toyota dealer was just sold. The owner has been sitting down in Florida for years.

So what?

You actually think every single small business is just like a car dealership?

 

[leftwinger]

Putin had no right in seize the territory of a foreign country

He may have expected an easy conquest of a weaker country

But he was wrong and it will harm russia for years to come

What if Ukraine stole it from Russia decades back? Mexicans are stealing USA right now. Claim is we stole it from them. Its complicated.

 

[Mac-7]

We just cut corporate taxes from 38 percent down to 21 percent

Corporations did not raise salaries, they did not pass the savings down to the customer, they did not take additional risk…..they just kept the money

Corporation will put the money to better use than the government will

 

[Lisa558]

That should have been done years ago.

Well it shouldn’t be continuing NOW, in the midst of record inflation.

 

[Mac-7]

What if Ukraine stole it from Russia decades back? Mexicans are stealing USA right now. Claim is we stole it from them. Its complicated.

Ukraine is an internationally recognized sovereign country

The time for russia to claim jurisdiction over it is long past

 

[pknopp]

It's funny how every country in the world has a problem with inflation since Putin screwed up the oil and grain markets attacking Ukraine, And we are doing better than most of them. try any one of thousands of news channels

Oil is around $68. Putin didn't run the prices up, the markets did.

 

[Lisa558]

Corporation will put the money to better use than the government will

The government couldn’t even put together the Obamacare website after four years of working on it - and even then it was incomplete, and you couldn’t pay directly.

 

[pknopp]

Well it shouldn’t be continuing NOW, in the midst of record inflation.

It shouldn't be. I've argued that for years.

Maybe we quit re-electing those who have failed previously?

 

[Mac-7]

Putin chose a flat tax rate for Russia way back in the 90's, and also raised the average income by an amount equal to about $600/mo. It was an about-face from the communist policies that ran the country into ruin in 80's and was the reason for his popularity. People liked what he was doing and they wanted more. It wasn't enough for some of the new middle class who wanted to become elite and were angry that some policies prevented corporate monopolies on essential industries and prevented CEO's from making insane salaries while workers got peanuts. Putin didn't come to power and stay in power simply bumping off rivals or being sneaky. He had respect from most Russians which was honestly earned, regardless what anyone wants to say about him and the situation in Ukraine today.

Again, I have no comment on his economic policies

 

[pknopp]

So what?

You actually think every single small business is just like a car dealership?

You made a vast generalization. I did the same. You have a problem with mine but not yours.

 

[Blues Man]

You made a vast generalization. I did the same. You have a problem with mine but not yours.

I said "most"

That is not a "vast" generalization.

 

[pknopp]

I said "most"

No you didn't.