This page is a permanent link to the reply below and its nested replies. See all post replies »
Khenpal1 · M
lol, ten biggest pension funds in USA are big time in Chinese ass and you worry about tik tok 😂
Heartlander · 80-89, M
@4meAndyou Unfortunately, taxes in the USA are so high that what's made in the USA isn't affordable, even to Americans.
While Democrats expend so much energy complaining about complaining about corporations not paying their fair share, we never hear from them or from their media stooges about how corporate dividends for investors are double taxed. First, dividends are payed from profits, but first the corporation has to pay income tax on the profit; then when the stockholders collects the dividend from what remains, they have to pay income tax on that dividend. So add 21% corporate tax rate to the 35% rate by someone earning even less than Biden's $400,000, and it amounts to 56% income tax. Then add another 10% for state income tax and it amounts to 65% income taxes on corporate profits passed on to the investor. With the 35% remaining, the investor has to pay real estate tax, sales tax, exercise tax and special taxes on phones, electricity, and a few dozen other things. As bad as all those taxes are, Democrats insist that taxes should be higher.
While Democrats expend so much energy complaining about complaining about corporations not paying their fair share, we never hear from them or from their media stooges about how corporate dividends for investors are double taxed. First, dividends are payed from profits, but first the corporation has to pay income tax on the profit; then when the stockholders collects the dividend from what remains, they have to pay income tax on that dividend. So add 21% corporate tax rate to the 35% rate by someone earning even less than Biden's $400,000, and it amounts to 56% income tax. Then add another 10% for state income tax and it amounts to 65% income taxes on corporate profits passed on to the investor. With the 35% remaining, the investor has to pay real estate tax, sales tax, exercise tax and special taxes on phones, electricity, and a few dozen other things. As bad as all those taxes are, Democrats insist that taxes should be higher.
4meAndyou · F
@Heartlander And how else are the Democrats going to keep the absolutely MASSIVE spending they've been doing from showing up on the National debt? 😖 They are certainly not planning to control themselves. I watched Upchuck Schumer as Biden signed this huge armed IRS tax bill, and he was practically wetting his pants and shaking with joy. That, alone, tells you we just got effed.