Does corporate tax avoidance make you angry?
Since 2008 the poor, working and middle classes of the western world have been made to pay for the financial crisis that the elite super rich caused.
Tax Avoidance, unlike Tax Evasion, is remarkably still legal in the UK and US.
Rich global super corporations and banks run their tax through an elaborate network of loopholes and off shore tax havens - they don't pay much tax, we do - and we pay for them: are you angry? Do you have a solution?
I fully support tax breaks for businesses, period! Without these "greedy" businesses, there is no work for the "poor, working and middle classes". The more a business is allowed to retain, the more they have to expand and pay their workers. Along with expansion comes MORE JOBS! This 'have and have not' mentality is what is driving America into the dust. We can either have a society where every one is equally POOR, or we can have a free commerce system where EVERYONE has the same opportunity to become wealthy. This is BASIC ECONOMICS 101. The truth is, most POOR WORKING MIDDLE CLASS don't have the ambition or work ethic to do what it takes to gain wealth. I have lived all over the world and have seen how other countries operate... America may have its faults, but still has a far better system than any other place in the world. If you want to make sure the job market stays in the tank, then TAX TAX TAX!
It frustrates the hell out of me!
Yes, lowering taxes can help small businesses gain footholds and grow. Yes, lower taxes can help some middling businesses stay in the U.S. but still be competitive, so those are all good things...
But at the current tax level, guess what huge corporations like Citigroup, Boeing and Bank of America pays most years in federal income tax?
ZERO, ZILCH, NADA!!!!!
That's right, you and I most likely pay more on our taxes than those corporations, that are handing out millions of dollars in annual bonuses to their CEO's.
Some of those same CEO's at Bank of America made decisions that helped wipe out my 401k, and now their business uses tax loopholes so they can keep on pulling down the seven figure salary, while their business doesn't pay a cent.
GAbaptist warns of a world where too many taxes makes everyone "equally poor" but from where I stand that's a LOOOOOOOOOOONG freakin way from happening. Corporate America should pay its share!
by JaxsonRaine 5 years ago
http://www.foxnews.com/politics/2012/08 … rker-wife/No words...
by edmob1 6 years ago
I am not interested in illegal tax declaration but the aviodance of tax. It seems to me most free market economies have some leeway for this.Also there is the question of what would happen with the accounts and lawyers working in this area.
by kirstenblog 6 years ago
http://www.bbc.co.uk/news/uk-politics-18531008This story has me fascinated. If Jimmy was a US citizen he would probably be heralded a hero by some, since so many say that taxes equals theft. In the UK it is legal for the rich and for companies to avoid their taxes, as did the comedian Jimmy Carr....
by Mike Russo 5 years ago
How does lowering taxes for the super rich and corporations create more jobs in the U.S.? Reagan and George W did it and it didn't work. Why would it work this time?
by Kathryn L Hill 5 years ago
by Sooner28 5 years ago
http://gawker.com/5953010/ben-stein-tel … o-damn-lowThe Simpson/Bowles commission also calls for a mix of spending cuts and higher taxes to tackle the deficit.Whether you agree with the methods of what is cut and exactly what line taxes should be raised, there is no denying people on the...
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