> I don't know what it means either, but if it means a flat tax, I'd like to hear your logic against it, and the deduction system is like spaghetti but the noodles are made from compressed shit. Tax breaks are often shit soup. Why should Nike and Amazon pay a smaller percentage when they have money to burn? Fuck em.
I'm all for a flat tax... I'd line up to vote on taht all day long... do away with the tax codes and breaks and bullshit. You think Obama OR Boner is for a flat tax? Ron Paul maybe...
Hardly standing up for Nike and Amazon either. Corporations... buzz word for evil people who owe me money... but in reality is your plumber, your farmer, and your lawn guy. If a company is so big, its cheaper to buy politician votes to avoid the taxes than it is to actually pay the taxes... so lets not pretend this tax hike hits giant corps like Nike and Amazon. The reality is, the "inside" favorite corporations get special deals (GE alone avoids paying it's 3.2 billion dollar tax bill through "special" legislation so it actually paid zero... ZERO taxes)... so the only real targets of the higher taxes on "corporations" are the little guys... people like me and you when we try to start a company up working out of our garages and small rented office spaces... you know, Mom and Pop who incorporated.
Almost every small business is a corporation... they incorporate to protect the owner from all the damn liability when a little old lady succumbs to the laws of gravity and falls on their sidewalk and sues them for everything they got. That's who this tax hits... Mom&Pop inc. takes it up the ass sans vasoline because they gots no low friends in high places, and giant corps like GE laughs all the way to the Washington.
It's really a double tax... Mom and Pop turn a profit for a change... yay, they are successful. So they pay the profits to themselves in the form of earned income. Now the tax man comes. They charge the corporation (owned by Mom and Pop) taxes on the profits, then they tax Mom and Pop themselves on their earned income (which is the same profit money already taxed). So that same 1 dollar of profit... lets see, 30% for the corporation profit, then its paid to mom and pop, who also pay 30%... so that's 60% total for Uncle Sam... then comes the state tax man, and the county tax man, and the city tax man... ouch... running a donut shop all of a sudden got expensive as hell, better not hire that new helper we were thinking about.
|
Index 
Flat 
Re: Yeay! Both houses agree on a pile of crap!
Reply
Yeay! Both houses agree on a pile of crap!
