In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.
"The difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems.”
Mahatma Gandhi
When I was young my dad said he didn't want to hear me beetch about income tax. He said it showed you were making money. A self-made multi-millionaire, born in 1922 who just passed away at the tender age of 96'. He was smart and reasonably sharp. I was amazed at the number of well wishers, from old timers to kids.
He was really rolling in the dough in the 70's and here's how he put his personal situation. He asked me if I would take a job if my take home pay was $500,000 a year plus good benefits. I said, "In a heartbeat!" "Me too.", he responded. He said it didn't matter to him that his gross pay was $960,000.
So complaints about the rich getting screwed by taxes somewhat baffles me. Bearing in mind that a fair segment of those individuals don't actually have a job. I suppose someone here will claim they wouldn't take the 500 grand a year, simply on principal.
One other thing. Corporations don't enjoy special rates on capital gains. Same rate as regular income, which of course the new tax law conveniently lowers to 21% (Provided their "effective" rate isn't already lower; like Ford & GE.).
Captain Obvious (10-23-2018),Dr. Who (10-23-2018)
Liberals are a clear and present danger to our nation
Pick your enemies carefully.
If you are earning more than what you would earn in interest in a savings account or on the rate of return on bonds, then you are making money. Furthermore, the more successful the business, the more that is left in net earnings. However, if you think about it, either corporations pay higher taxes or individuals pay higher taxes, so what isn't paid by corporations is paid in personal taxes. Either way, you aren't going to keep it all.
I'm not really advocating for higher taxes on business in general, but I would rather see the lowest tax rates on small to mid-size business vs big business. Big business does not employ the majority of the people. They are the most likely to rationalize admin functions and outsource work, so from the perspective of driving the economy, lowering their taxes makes less sense than lowering the taxes of smaller businesses that provide the most employment. That better economy will directly benefit big business and offset the higher tax implications with greater earnings. As Henry Ford determined, paying his own workers more translated to greater car sales. People have to have disposable income in order to really benefit the economy.
Everyone benefits from economic growth and that doesn't happen when wages stagnate and they stagnate when small to mid-size businesses are not doing well. Then people are not spending money and nobody is winning. Furthermore, you don't want your economy to be dependent on big businesses that are too big to fail. You need most of your eggs invested in small to mid-sized businesses, so that if and or when those big businesses do something ridiculously greedy and foolhardy or simply move elsewhere, the entire economy doesn't suffer their fate.
In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.
"The difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems.”
Mahatma Gandhi