Do you believe citizens and companies should be allowed to minimize the tax they pay
Do not forget the government made the tax laws
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calicuz · 56-60, M
I can only speak for America, so yes, the current system is working. Each President, except for Bush Sr, has expanded the economy and created more jobs to the point where America now has a 28 trillion dollar economy. While Corporate America could pay more taxes to lessen the burden on the American worker, Corporate America creates the jobs and we don't get to a 28 trillion dollar economy using a broken system.
DeWayfarer · 61-69, M
@calicuz guy, the national debt is $36.22 trillion because they are not paying their fair share of taxes.
That amounts to 105 thousand for every man woman and child. Yes even children.
And even Trump increased it by 7 trillion!
The corporations are burying EVERYONE with their debt to the people by not paying taxes.
It only goes up, never down, there's a 3.347% interest rate on that 36.22 trillion and compounded at that.
If they only paid the 8.22 trillion difference every year this country wouldn't be in such debt, even if it took decades. And they still would make a large profit.
That amounts to 105 thousand for every man woman and child. Yes even children.
And even Trump increased it by 7 trillion!
The corporations are burying EVERYONE with their debt to the people by not paying taxes.
It only goes up, never down, there's a 3.347% interest rate on that 36.22 trillion and compounded at that.
If they only paid the 8.22 trillion difference every year this country wouldn't be in such debt, even if it took decades. And they still would make a large profit.
calicuz · 56-60, M
@DeWayfarer
I understand what you're saying, but that makes it a flawed system, and not necessarily a broken system. I am fully aware of the national debt, so it's more of a numbers game with economist and the American banks. The banks probably never expect to be paid the balance as long as thd payments are kept up.
I understand what you're saying, but that makes it a flawed system, and not necessarily a broken system. I am fully aware of the national debt, so it's more of a numbers game with economist and the American banks. The banks probably never expect to be paid the balance as long as thd payments are kept up.
DeWayfarer · 61-69, M
@calicuz Our banks have nothing to do with the national debt, in fact our bailing out of our banks increased the national debt.
On the over all level the International Money Fund holds our national debt, not the federal reserve which our banking system falls under. The Fed only handles a minor part.
Trump wants us even out of the IMF. We owe that 36.22 trillion to China and Japan mostly. China has been beefing up their position in the IMF for quite some time now. China has a trade surplus to do just that. Not a trade deficit like we do! Hence the trade wars.
This is why we are a world economy BTW! The IMF binds us all together. If we were to go bankrupt it's the IMF that would handle it. Not the federal reserve.
The corporations want absolutely nothing to do with the IMF. So instead of paying their fair share, they do what they do best and take advantage of the USA people!
It's broken because it's all tied together. Our national debt is tremendous, our trade deficit is large. And our corporations don't want to pay their fair share. And the corporations want out of the global economy even.
Hence Trump's push for Non Fungible Currencies, which not even the IMF monitors much less the federal reserve.
It's broken in so many ways, that most don't know how it all works.
Trump has no principles whatsoever. A ponzi scheme is his solution out of this mess with NFC's. Not the morally correct way to do anything. Like forcing the corporations to pay!
On the over all level the International Money Fund holds our national debt, not the federal reserve which our banking system falls under. The Fed only handles a minor part.
Trump wants us even out of the IMF. We owe that 36.22 trillion to China and Japan mostly. China has been beefing up their position in the IMF for quite some time now. China has a trade surplus to do just that. Not a trade deficit like we do! Hence the trade wars.
This is why we are a world economy BTW! The IMF binds us all together. If we were to go bankrupt it's the IMF that would handle it. Not the federal reserve.
The corporations want absolutely nothing to do with the IMF. So instead of paying their fair share, they do what they do best and take advantage of the USA people!
It's broken because it's all tied together. Our national debt is tremendous, our trade deficit is large. And our corporations don't want to pay their fair share. And the corporations want out of the global economy even.
Hence Trump's push for Non Fungible Currencies, which not even the IMF monitors much less the federal reserve.
It's broken in so many ways, that most don't know how it all works.
Trump has no principles whatsoever. A ponzi scheme is his solution out of this mess with NFC's. Not the morally correct way to do anything. Like forcing the corporations to pay!
calicuz · 56-60, M