Corporations are what I was talking about in my OP, not personal small time businesses or earners. Exxon Mobile or BP perhaps.
Corporations are what I was talking about in my OP, not personal small time businesses or earners. Exxon Mobile or BP perhaps.
If I pop out 5 kids, we'll sell tickets, you can collect the dough we'll split it 75/25 (after all I am going to have a long term obligation) an we can buy our own countries.
Do you know who earns minimum wage? Kids, illegals and people with absolutely no marketable skills. Anyway....how are you going to control inflation when you start printing money and passing it out?
The whole income tax rate discussion misses the bigger issue. Do you want to live in a poor country or a wealthy country? We shouldnt demonize the wealthy for being wealthy. We should want everyone to be wealthy. A successful country is full of successful people. How do people and society become wealthy? Work and innovation. These should be encouraged. We have perversely demonized these however through income taxes, particularly progressive income taxes. Why are we discouraging labor via the tax code? Find a better way to pay for government than by discouraging the activity that you should be encouraging.
Why should a large corporation pay a higher tax rate than a small corporation?
They (BIG OIL) already operate on a smaller profit margin than about any other industry. They'll just pass any tax increase on anyway. That will make it harder for people on small incomes to make it. Because any rise in fuel costs hit all of us, tax or profit. It's a circle. And the consumer is caught in the middle.
Oh no, we'll make them absorb the additional expenses.
No you cant have half of what i have. I have nothing cept an allowance my wife gives me.
Cool, I'll take half.
Maybe because we pay them to be here? Just a long shot answer.
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