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Reader Comments (Page 1 of 1)
8-09-2011 @ 5:09PM
Joanne said...
The U.S. is not broke. We just are not collecting the taxes we are due. Too many tax loop holes have been written in for Big Corporations, that don't help local stores with their money problems, but made it possible for GE to pay no taxes at all. There is a tax loop hole that pays American Corporations for every job they send off shore. Did you know that? They can re-flag their Corporation to a mail box in a foreign country, and they don't pay taxes on the money they earn in foreign countries, so they pay big dividends to share holders and they pay lower taxes when they cash them in, and only interest if they borrow money on them to invest.
They can buy airplanes to fly around the Corporate management and their families on "business". They have a one hour meeting in Paris, and stay for a week with the family. They write it off on the Corporation taxes. The airplane is written off on the taxes. They can buy a house in the mountains or the beach to use as a "company retreat" and write it off, and the CEO and other management can use it for weekends and vacations. They can have several of them, as long as they have meetings at them. That is just general Corporations doing stuff any Big Corporation can do. It is a scam that keeps them from paying taxes. Rich people have their own scams. They don't pay the percent of taxes that you pay. Forget the amount; look at the percent. If you give up 20%, why shouldn't they? Corporations that are sitting on Trillions, don't pay 25%. With all the sales taxes, property tax you pay through your rent or because you own a home, fees you pay to your city, parking meters, and taxes that are passed on to you when you buy anything, you pay more than 25% in taxes. You pay more of your income in taxes than rich people and Big Corporation. That is why the government can't help pay for building projects that pump money into your economy, hire people to work, who buy things and pay taxes, which make it possible for local business to hire people and make things. Schools need to be fixed and built all over the country. Airports need to be repaired and built, streets in every town and city need to be repaired. That is why we need more tax money. We have to invest in us, U.S. Buy American. Keep the money in America. They can't off shore these jobs.