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The Elephant in America's Living Room - Income Inequality

*It’s time for the wealthiest Americans and big corporations to pay their fair share of taxes. [b]When they take unfair advantage of the many loopholes in the tax code the rest of us pick up the tab.[/b]

*Instead of cutting education funding for our children, we should ask millionaires to pay a tax rate at least as high their secretary’s.

*Instead of cutting Social Security and Medicare, we should ask the wealthy to give up a few tax loopholes so that we can make sure everyone has a secure retirement.

*The richest 1% of Americans own 35% of the nation’s wealth. The bottom 80% own just 11% of the nation’s wealth.

https://americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-taxing-wealthy-americans/

Na we should give corporations a break at all costs - it provides jobs in the nation and lessens the chance that they will move overseas taking jobs with them.
badminton · 61-69, MVIP
[@760047,MarmeeMarch] When corporations get bail-outs, subsidies and tax breaks from the government they use it all for stock buy-backs, which are totally non-productive and create no jobs.

The Chinese did not 'take' American jobs - corporations gave away our jobs to increase their profits and break the unions. I say when corporations off-shore America manufacturing jobs Congress should tax the shorts off those corporations. And eliminate all those tax loop-holes.
[@601940,badminton] Oh well - get used to this 👉 { [b][c=#BF0000]Made In China[/c][/b] }
Stopmakingsense · 56-60, F
[@760047,MarmeeMarch] we're winning that race to the bottom for them.
Stopmakingsense · 56-60, F
This level of inequality doesn't seem like justice or peace to anyone who cares.
JustHere4Fun2 · 51-55, M
Millionaires aren’t only people to do loopholes. There are tons legal loopholes non millionaires do every year. I get extra money end of the year when doing taxes. There are loopholes in tax code some people don’t know about.
badminton · 61-69, MVIP
[@865932,Jeffrey51] Loopholes for ordinary people are tiny compared to what corporations and the super rich use. They off-shore billions in the Cayman islands, completely removing that wealth from the U.S. economy. When the super rich hide their billions in tax dodges the rest of us have to make the difference, and our schools, healthcare and infrastructure suffer.
JustHere4Fun2 · 51-55, M
[@601940,badminton] if you say so

 
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