In 1950 US corporations paid more than 50% of their profits in tax.
Now they pay less than 20%.
Suddenly there is no money for Social Security etc.
What a surprise... not.
Now they pay less than 20%.
Suddenly there is no money for Social Security etc.
What a surprise... not.
Comments
The Gilded age has returned
Individuals pay about 3X as much in taxes compared to corporations.
Government has raided our SS funds several times. Not corporations.
We just need to raise the individual income cap to 10,000,000.
We’ll never worry again and don’t raise retirement age.
The real problem is that if you make more than like $160k/year, you're taxes are capped.
👍
That's not gonna help. Immigrants don't take, they give.
And social programs will be eliminated altogether.
And if anybody would like to stop that, people better start gearing for a civil conflict.
If they don't, the billionaires are going to take IT ALL.
The real effect is the starving of tax receipts elsewhere, and the preponderance of USA tax breaks.