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The time is now 3:44 pm
You last visited
May 16, 2024, 3:44 pm
All times shown are
Eastern Time (GMT-5:00)
Sources of Federal Tax Revenue
Published:
It's nice to have lots of "loopholes," isn't it?
It's sickening to watch how far they'll go to keep them.
(Locked)
Entry #29
Comments
That payroll tax rises quite nicely thru the years. Corporations and buissnes owners pay half of an employees social security contribution. Corporations and buissnes owners pay 100% for the unemployment tax for that buffer when the employee is laid off.
45% -Individual income tax, this is everthing we are taxed on, wages, interest ,stocks, etc.
36%- payroll tax- Just like Jap said, corps and businesses pay half the employee ss and the unemploment insurance, but did you know it also covers medicare, railroad retirement oh and heres a biggy!!! FEDERAL WORKERS PENSIONS..YIKES JIMMY , LOOKS LIKE YOU FORGOT TO TELL YOUR FAITHFUL FOLLOWERS WHAT THE PAYROLL PORTION OF YOUR REALLY IMPORTANT CHART WAS,
12% CORP TAX...This is Federal, this does not include state and local taxes, Yikes Jimmy, your forgot to mention this little tidbit. The 36 and 12 are actually 48 percent.
If you tax business to death, thaN THAT IS WHAT YOU WILL HAVE, THE DEATH OF THE BUSINESS.
iF YOU HAVE TO LAY OFF EMPLOYEES, THAT CUTS INTO THE TAX BASE AS WELL, PLUS PEOPLE WILL BE BROKE AND WON'T BE ABLE TO PAY THEIR BILLS,
Should big business just feed and house people who don't work, how would they do that is everyone was laid off?
State and local business depend on big business as well, It cost alot on money to run any business, licenses, permits , water, electric, insurance, they buy and sell other goods and services, to run and maintain, which in turn helps the economy.
I hate paying car insurance, hate it , hate it,, but I know employees are probably grateful they have jobs.
now as far as big business making all the evil profits...well guess what ? many people who work and have 401k,
mutual funs, ira's pensions, sure as hell better hope they survive.
most big business in our country is public, which means anyone can own shares in a company. I don't want to live in a third world country , and thats is what we'll have if business can't thrive here.
Back to my drink,
http://doyle.house.gov/raising-the-debt-limit.shtml
@Sully16: Wow, those corporate PR people have you, a working woman, right where they want you!
I wonder why their GDPs per capita and happiness indexes exceed ours by so much?
http://www.forbes.com/2009/05/05/world-happiest-places-lifestyle-travel-world-happiest_slide_2.html
tHE CHART WAS NOT THE PROBLEM, THE FACT YOU OMITTED KEY INFORMATION WAS, YOU WANT PEOPLE TO BELIEVE CORPS, DON'T PAY FOR THEY FAIR SHARE , WHEN IN FACT, THE PAYROLL PART OF YOUR GRAPH IS DIRECTLY LINKED TO CORP AND SMALL BUSINESS DEDUCTIONS.
I UNDERSTAND THE DEBT LIMIT QUITE WELL THANK YOU, YOU WANT TO SEE THIS COUNTRY DESTROYED, WE GET THAT, IF EVERYONE IS POOR THAN LIFE WILL BE FAIR AND EQUAL, YOU ARE THE BIGGEST f***ING IDIOT HERE,
AND NO WE CANNOT KEEP RAISING THE DEBT LIMIT, YOU CANNOT SPEND YOUR WAY OUT OF DEBT, AND YOU CANNOT DESTROY THE DOLLAR THEN START OVER WITH A CLEAN SLATE,MORON IT DOES NOT WORK,
ALL I SEE FROM YOU IS SOMEONE WHO IS JEALOUS OF PEOPLE WHO HAVE MORE THAN YOU, IF YOU CARED AT ALL ABOUT THIS COUNTRY YOU WOULD SEE THAT THEY HAVE TO STOP THE SPENDING SPREE THEY ARE ON, MAYBE YOU THINK 2 BILLION AMERICAN TAX DOLLARS GOING TO BRAZIL, SO THEY CAN DRILL OIL FOR CHINA IS OKAY, I DO NOT, KEEP TRYING TO CONVINCE YOURSELF SOCIALISM IS THE WAY TO GO, MAYBE ONE DAY YOU WILL GET WHAT YOU WANT, AND WHEN SOMEONE WITH A WEAPON TO YOUR HEAD SAYS GO PICK THE POTATOES OR DIE, THEN YOU MIGHT THINK A LITTLE DIFFERENT.
WHAT YOU WERE HOPING FOR WAS SOMEONE WITH SUBSTANDARD INTELLIGENCE TO SEE YOU GRAPH AND YOU SNIDE REMARK ABOUT LOOPHOLES, AND DECIDE THEY SHOULD JOIN YOUR WARPED VIEWS.
iF YOU WANT TO COMPLAIN ABOUT BIG CORPORATIONS, WHY DON'T YOU START WITH GENERAL ELECTRIC, BIG O SUPPORTERS, OH AND YES THEY ARE EXEMPT FROM OBAMA CARE , LIKE A WHOLE s**tLOAD OF OTHER SPECIAL INTERESTS.
Note that this is my Blog and this entry was posted to encourage discussion of the share of taxes paid by various groups, which is directly related to debt ceiling discussions in DC this week. If anyone is not staying on point, it's you.
I've noticed something else odd about your anger towards me. I really don't believe the majority of what you are posting here is from your pen, so to speak, and I think I know who's passing you text. You really should compare your style in the Forums to the rants you're dumping on me here.
BTW, the graph above is not mine. Did you follow the link to its source and discover what the Congressman had to say about it?
You'd better check your PMs now, as I'm sure you will be getting some new instructions, the kind you inadvertently revealed to me a while back. He's probably at that cusp of the income curve that just might cost him a couple bucks if the Bush tax cuts are not extended.
wrong again, I have no anger towards you , I am just fed up with -lib=s**t, no I don't need no help holding my own with you or anyone else, ask around, hahahahaha
The fact that you still have no ( frank discussion points) from my first response shows me you only want to throw rhetoric around.
So, you're "fed up" with "-lib=s**t" ?
I suppose it really infuriates you when their logic and world view that a strong "commons" helps ensure the survival of our species conflicts with your "common sense." Right?
I'll defer to the Congressman, who I think addresses most of your issues...
http://doyle.house.gov/raising-the-debt-limit.shtml
(I don't know why I'm replying to someone who attacks me with crude and abusive language. It must be because I'm an egg-head libbrruull with no "common sense!")
I'd like to add something to the Congressman's discussion. You said,
"...YOU WANT PEOPLE TO BELIEVE CORPS, DON'T PAY FOR THEY FAIR SHARE , WHEN IN FACT, THE PAYROLL PART OF YOUR GRAPH IS DIRECTLY LINKED TO CORP AND SMALL BUSINESS DEDUCTIONS."
"DIRECTLY LINKED" Of course. But what evidence do you have that after they "pay the help," they then pay their fair share of taxes on the remaining profits? They are allowed "deductions" from their gross income just as you are, which includes what they pay the "help." What's in contention is the extent of these deductions (loopholes) and the % they pay on what's left. In the end, should they pay less than you? They do.
Additionally, what do you think of the fact that when corporations announce massive layoffs, it very often results in an immediate increases in the value of their stock?
http://doyle.house.gov/raising-the-debt-limit.shtml
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