Quote:
Originally Posted by 12clicks
if your 57% number is true, which I doubt, the owners of those businesses pay an effective tax rate of 31% while you pay ZERO.
is that balance where you're from? here in the real world, it isn't.
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I don't post without data to backup my claims.
57% of American businesses pay no taxes.
Quote:
Originally Posted by 12clicks
the owners of those businesses pay an effective tax rate of 31%
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Post links to substantiate your "effective take rate of 31% for American businesses"
2010 U.S. Government Revenues
For the fiscal year 2010, the U.S. government collected $2.2 trillion: 40% of revenues came from social insurances taxes, 43% from individual taxes,
7% in corporate and other taxes, and a tiny 3% in excise taxes.
7% of federal tax revenues is generated from corporate and other taxes.
Also ... " in 2009 GE, Bank of America, Citigroup and Valero did not pay any taxes on income." and " 83 of the largest 100 U.S. companies have overseas tax havens. In 2007, Citigroup had 427 subsidiaries in foreign tax havens, Morgan Stanley had 273, New Corps had 152, Bank of America had 115, and Procter & Gamble 83." and "..there is one single address in the Cayman Islands that is home to 19,000 corporations as their home address.."
Quote:
Originally Posted by 12clicks
while you pay ZERO. is that balance where you're from? here in the real world, it isn't.
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I pay thousands of dollars in taxes and you assuming I pay $0 shows an unbridled bias against anyone who challenges your viewpoint, which is not based on facts, as I've demonstrated.
I'm fiscally conservative and socially liberal. It's ironic having this back and forth with you