I wonder why we have such a large budget deficit?
The issue of raising taxes is already on the table again and this will no doubt fall on the middle class while ignoring all of these mega corporations getting multi-million dollar refunds.
No doubt the Churchpublicans will push for a "trickle-down" tax type setup. The theory behind trickle-down economics is that corporations will pay less taxes and keep more capital which can be reinvested. This reinvestment is supposed to spur higher production which creates more jobs and higher wages. As we've seen from the unemployment figures over the last few years, there has been no correlation between these companies keeping more of their capital and an increase in available jobs. This proves that Reagan's trickle-down economics only works to trickle more money into the CEO's and shareholders pockets and not down to the working class. Politicians suck!
Now you're getting it. Social engineers suck, people who want to control what you do suck.
Daniel, I agree with you in sentiment, but Gary does have a point. The corporations in question aren't breaking any laws~ its the fuckups in the gov't [need I say who?] that pass these laws~ corporations simply act in their own best interest, as they always have, and always will. I do agree with you in respect to the concept of "value added tax."
I guess we should just not tax corporations at all! that way everything will be cheaper!
yeah, thats a great idea...
[edited for grammar]
I heard on NPR today that about 45% of households will not pay federal income tax this year. Here is a reference stating similar on the internet.
Alright 45% of the US - Im sick of paying the way for you...... while I work my ass off. what are you going to do for me now?
It would seem that if about half are too poor to pay taxes, the other half might be those that are wealthy enough to "loop-hole" their way out of paying taxes. I know, personally, that I don't have the time or money to find a way out of paying.