Re: You Have More Money In Your Wallet Than Bank Of America Pays In Federal Taxes
Emma Sedai Send a noteboard - 02/03/2011 02:33:54 AM
I find it hard to disagree with this article. Anyone with different perspectives care to shed light?
Its funny, I came across a similar article explaining the corporate tax cuts, although I feel it was written more objectively than the above article. (see link below)
I have an issue with some of the statements in the posted article such as:
"It is simply unfair for Main Street Americans who’ve already been battered by one of the worst economic crises in our history to have to continue to sacrifice while the rich and well-connected continue to rip off taxpayers and avoid paying their fair share. That’s why a Main Street Movement consisting of Americans who are fed up with the status quo is rocking the nation, and one of its first targets should be tax dodgers like Bank of America and Boeing."
The real fault is the government and the IRS for making & enforcing ridiculous tax codes and not necessarily the corporations. Don't all we tax-paying middle-class americans use all of the deductions we qualify for to reduce our own tax burdens?
Personally, this is one of the many reasons my family supports the Fairtax - replacing all federal income taxes with a national retail sales tax :http://www.fairtax.org/site/PageServer?pagename=about_main
"My safeword is apple." ~ Castle
This message last edited by Emma Sedai on 02/03/2011 at 02:49:09 AM
You Have More Money In Your Wallet Than Bank Of America Pays In Federal Taxes
- 02/03/2011 12:55:30 AM
739 Views
The obvious solution is to lower corporate income taxes and expand corporate welfare. 
- 02/03/2011 01:30:46 AM
476 Views
- 02/03/2011 01:30:46 AM
476 Views
Presumably, the CEO's paid income tax on the compensation they receive.
- 02/03/2011 01:42:55 AM
382 Views
So the corporations are effectively compensated through their constituent employees?
- 02/03/2011 02:33:15 AM
424 Views
I think it's a great idea because it eliminates the notion of non-person entities as quasi-citizens. *NM*
- 02/03/2011 01:52:39 PM
152 Views
even though corporations have "personhood" they are not required to pay *income* taxes
- 02/03/2011 02:09:40 AM
396 Views
Re: You Have More Money In Your Wallet Than Bank Of America Pays In Federal Taxes
- 02/03/2011 02:33:54 AM
566 Views
I would be far more irritated if these companies' executives didn't pay taxes, either.
- 02/03/2011 02:34:46 AM
405 Views
This. Its to bad you don't skype chat. I was just dicussing this with Luke and Dan *NM*
- 02/03/2011 02:56:04 AM
151 Views
If a company doesn't make a profit, what exactly can you tax them on? *NM*
- 02/03/2011 08:31:36 AM
155 Views