At this rate we will never get ahead
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Lower corporate income taxes to zero. Raise personal income tax and institute a VAT. Tax the profits at the point of collection -- after all, profits do CEOs no good if they can't spend them. Fringe benefits like company cars, private jets, company apartments should also be taxed as income based on the value of the service.
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Yes.
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What's your point? We give CEOs bonuses for lowering expenses whether they are taxes, or getting a better location or finding a cheaper source. Why are taxes a holy item? Why should they not try to lower the amount they pay? Do we not do that ourselves in our personal lives? Should I buy from the local shop and pay more for the same thing when I can go pick up the item from a cheaper store on my way home from work?
If the country is to get ahead, we need to cut the spending first. If that is not enough, we can talk about it again but right now, there is too much "Arthur Andersen" going on |
Problem is this is far more involved than that article would suggest. The problem in the economy isn't about a few CEO's trying to reduce their tax burden....they are doing that legally. Legal loopholes were put their by politicians, they are legal to use. How about the nearly half the population that effectively pay no federal taxes now....
Picking on the people that create the jobs not suprisingly results in fewer jobs. And the disgust of the half that DOES have to pay ever higher and higher ammounts just adds to the problem. When EVERYONE.....as in every legal adult has to pay an equal percentage of their income....then they can claim skin in the game and would care about reducing spending and entitlements to those who haven't earned them. See if then real change doesn't happen. |
Tax Corporations as the Citizens they claim to be
Tax individuals on an upwards sliding scale based on income.
(Gates + Co. pay the MOST.) Make Congressional Service a VOLUNTARY Citizen Activism.[One Term Only] (No Pay,Food Stamps only) Make Lobbyists Illegal. |
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Would be nice but if you can limit the money going in and the money going out, it doesn't matter how much they serve does it? Even if you do make lobbyists illegal, there is still a way to get around that. Make it harder to get around. Have the citizens actually pay attention to what is going on. Much harder |
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Theoretically, taxing income punishes productivity. Taxing sales makes a lot more sense to me as it would seem to encourage thrift.
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Here's a graph of savings rates, comparing some countries between 1992 and 2011. US is very low on that totem pole: http://www.gfmag.com/tools/global-database/economic-data/10396-household-saving-rates.html#axzz1WdKoRyFR |
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