Asking
Only logged in members can reply and interact with the post.
Join SimilarWorlds for FREE »

What happens when Governments raise taxes on big Corporations?

We know many people love to see Corporations pay higher taxes, but do those
same people see any benefit from it?
This page is a permanent link to the reply below and its nested replies. See all post replies »
Reason10 · 61-69, M
@badminton Actually, a country that forces veterans to beg for food at pantries BUT GIVES OUT WELFARE TO ILLEGAL ALIENS CROSSING THE BORDER, is morally bankrupt, and will ALWAYS have a future as long as there are goose stepping Democrats.
The achievers have ALWAYS paid the highest amount of taxes in the country and will continue to do so, regardless of how low or high their taxes are.

Experiment: Suppose a corporation indexes it payroll to money it has after taxes. Then END all corporate taxes. The corporation then passes along the savings to the employees, where they wind up being in higher tax brackets. The corporation would then have to EXPAND operations which would result in creating NEW tax payers, all filing and paying taxes.

More revenue will come from ALL those new taxpayers than some piddly corporate taxes.
badminton · 61-69, MVIP
@Reason10 Corporations and billionaires have diddled the tax system so much of their income is declared non-taxable. Also, they hide much of their money in off-shore tax havens. Corporations and the super wealthy pay a much lower real tax rate than the average American. We support them with bail-outs and subsidies.


DogMan · 61-69, M
@badminton Everything you mentioned is due to politicians, right and left. They will NEVER
have fair taxes, because they want some of that money for themselves.

If you made money, like I do, you would not want to pay more than your fair share.
Only people that don't pay squat in taxes, want them raised.
badminton · 61-69, MVIP
@DogMan Fair share is all I'm after. Corporations and the wealthy should pay about the same rate of taxes as the rest of us. And off-shore tax havens should be illigal. And no more corporate bail- outs and subsidies! I want my taxes to go toward domestic improvements, such as universal non- profit health care, good public schools, public transist, free job training - programs that benefit ALL the people.

FYI very poor people don't think about tax policy. They are too busy trying to survive.

P.S. While we are at it, let's cut the outrageous military budget, $858 B just for FY 2024! Cut it in half and institute a strict yearly audit on Pentagon spending. Jail crooked defense contractors who are stealing so much of the tax-payers money.
This comment is hidden. Show Comment
Reason10 · 61-69, M
[@badminton [quote]Fair share is all I'm after.[/quote]

The top 50 percent pay 97 percent of all income taxes. Is that fair?

[quote]Corporations and the wealthy should pay about the same rate of taxes as the rest of us. [/quote]

Some of the more moderate Republicans in the late 90s referred to that as the FLAT TAX. Good look getting that pass the CLASS ENVY CROWD.

[quote] And no more corporate bail- outs and subsidies![/quote]

Good luck stopping that. The Nazi Pelosi family would be dirt poor without it.

[quote]I want my taxes to go toward domestic improvements, such as universal non- profit health care, good public schools, public transist, free job training - programs that benefit ALL the people.
[/quote]

What you just described is called DISCRETIONARY SPENDING. It is that 24 percent of the federal budget where the taxpayer actually gets value for his/her dollar. This includes the cost of running government, the military, law enforcement, the court systems, education, roads and bridges.

What should REALLY PISS THE LIVING HELL OUT OF YOU is the fact that 75 percent of the federal budget is ENTITLEMENTS, which means money taken from those who produce and given to those who don't.
[quote]
FYI very poor people don't think about tax policy. They are too busy trying to survive. [/quote]

In other words, they don't pay taxes. They're on welfare or food stamps. Some survival.
[quote] P.S. While we are at it, let's cut the outrageous military budget, $858 B just for FY 2024![/quote]

Defense is part of the Discretionary spending side of the aisle. It's where your dollars get value.
Your LIBERTY, your FREEDOM, your SAFETY are bought DIRT CHEAP by money spent on the military.