Originally Posted by
bryris
OMG! You have NO clue what you are saying. It is obvious you are merely reiterating what you've heard on TV with no thought of your own put into the mix.
"Big business" has been manipulated into the same thing as "Evil business". Where exactly this link was made eludes me. If a "big" business employs thousands of people, produces products that YOU and me consume to live a happier life, contributes its fair share of taxes per the letter of the internal revenue code, what is "evil" about that? Sure some - not businesses in general, because a corporation is just a few documents filed in a filing cabinet - individuals are greedy and make decisions in their best interest that hurt the collective good. Not much different than sucking unemployment for YOUR benefit when you don't have to - just a smaller scale.
Just because these businesses make more than you and I do not make them evil.
Furthermore, large businesses exist to earn income to be distributed to individuals. The fact that "big" businesses do not pay the majority share of taxes is not unexpected because much of the raw income (revenue) is deducted by the corporation and paid in the form of compensation to the individual to be taxed. An S corp pays no taxes anyway, and it is the duty of any corporate controller to minimize C corp taxes in every way possible to prevent double taxation (taxes corporately AND individually). Why pay twice? Ideally, a corporation would distribute all its income in the form of compensation and dividends and pay very few taxes, with the majority being paid by the individual recipient. The ideal is that all income (not to be confused with revenue as some often do) be taxed a single time. The side effect of this is that corporate effective income tax rates are substantially lower than the tables and are lower than that of individuals in most cases.
Its tough to listen to folks like you who just regurgitate nonsense in the face of NO understanding.
Do not accuse me of cutting and pasting what I read on CNN or FOX. You have your point of view and I have mine. I lived in 4 different countries you have not. Your perspective is built from one point of view and mine is not. What you are doing, is regurgitating information that you got from your precious CPA courses. All you know is the "american way" and I have a little more than that. I love America mainly for its people that value diversity and freedom but you seem to get steamed up because I do not seem think exactly the way you do.
Where did I say that people that make money are evil? I just think that we should tax people that can afford to pay taxes and not the people that are the backbone of this country. When I lived in the States I worked for a guy that was/is worth billions and I can assure you that percentage of income wise he paid less in taxes than I did. I live in Sweden now and things a little different. The owner of IKEA pays 90% of income in taxes but yet his company is very successful. Two different approaches to taxation... .
I am guessing that only reason why you getting so offended is because you naively think that someday you will be a part of that top 2%. Maybe instead attacking you should defending the people in your income class. Good luck bro.