Skip to comments.Corporations finally paying their fair share? Tweet
Posted on 02/08/2013 1:55:57 PM PST by ExxonPatrolUs
" ...we've talked about economic fairness on this show. and thanks to the re-election of president obama , tax rates on the top 1% finally went back to the clinton rates of 39.6%. now senator bernie sanders of vermont is taking action to bring fairness to huge corporations not paying their fair share . this is what the election was about. the story always starts with the vulture chart, doesn't it? because it shows huge income inequality between wage earners in the top 1% over the past 30 years. there's a huge difference. income disparity won't be fixed overnight, but at least the top 1% are back to paying the clinton tax rate since president obama won the fiscal cliff fight. now, the other part of this is the corporations. the effective corporate tax rate has been declining for decades. about 25% of large corporations paid no federal income taxes in at least one of the last five years. is that fair? big question mark . the effective tax rate for corporations is low because of loopholes encouraging corporations to do what? keep their profits offshore. less tax revenue for huge corporations hurts our economy. you want more revenue? here's your bill. it's a matter of economic patriotism to ask corporations to pay their fair share after they're making their money on our soil. this is the picture of the uglan house. you know what it is? ...
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They seem to never learn. Corporations don’t pay taxes, they pass them on to consumers of their goods and services: YOU.
Special Ed still doesn’t get that corporations don’t pay income taxes, consumers do.
re: “it’s a matter of economic patriotism to ask corporations to pay their fair share after they’re making their money on our soil.”
You already said it, but all taxes on corporations are just another tax on the consumer - us! Why they can’t get that I don’t know.
Actually, I think they do get it, they just want to lie to the low-information voter that they’re for “giving it to the man”, when all the time they are giving it to themselves.
The USPS should not be allowed to continue as a multi billion dollar operation without paying its fair share.
HUD, HHS, DHS, etal are each Billion dollar enterprises that should pay their fair share.
Why should we allow a loophole exempt them?
The employees and shareholders should be taxed on their income from the corporation.
The corporation, itself, should pay none. It's just a means by which government can double-tax the income of individuals.