There used to be a 100% tax rate in this country...if you were black and worked on a plantation.
There used to be a 100% tax rate in this country...if you were black and worked on a plantation.
You guys chased off the troll. Well done.
Your kidding me. How about this novel idea? Corporations should not pay any taxes. Why is it the government gets to tax an entity twice. If I am a small business owner my net profit gets taxed. My employee's income gets taxed. Anything I take home above and beyond my expenses and taxes is mine. Does the government have a right to tax that take home again? Why is it any different for corporations than it is for non corporations. In an LLP the partners get taxed on the income derived from their business activities. Why is it a corporation made up of employees and investors gets taxed twice. The corporate employees get taxed and the investors get taxed on any capital gains and dividends they earn from their investment. Taxes collected from corporations is just theft prior to profits being shared with employees and investors. How many more people would a corporation be able to employ if they did not have to pay income taxes?
The idea that the government would have the power and the "right" to take 60% of someone's income is disturbing. The government has an extreme, insane spending problem, not a revenue problem! One of the main reasons the Founders left England was because of the King's overtaxing. Sheesh...talk about a dog "returning to his vomit."
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One other thing that disgusts me. We just sold our house and I'm learning about all the taxes I have to pay on that so-called "profit." (Yes, I made "profit" because I owed less than it's worth and there's a difference there. But I paid for the house with my income that had ALREADY been taxed to begin with and after paying interest I'm still at a net loss).
But think about this. I worked to earn the income to pay for my house. That income was already taxed. And now the government taxes it again! I'm a slave! I'm working and someone else gets the fruits of my labor. That is slave labor and the government is the slavemaster.
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I think the poor dont pay their fair share of taxes.
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For anyone who think the Rich and corporations are not paying their fair share should watch this.