the2real4mafol said:
Kasz216 said:
the2real4mafol said:
outlawauron said:
the2real4mafol said:
outlawauron said:
the2real4mafol said:
But anyway, you lot may not like it, but you have to raise taxes for everyone, especially the rich. I say a maximum of 50% on earnings over a million dollars (up from apparently 40%). The Obama administration must also fix any tax loopholes and punish any tax avoiders/ frauders. America can't afford any more tax cuts, she is falling apart at the seams.
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They won't. Every lawmaker uses them because the idea that someone is privy to 40% of your income is outrageous. And they already punish tax avoiders and fraud. The IRS and FBI have busted hundreds of thousands of people and they will find you. Took down Madoff and put him in jail. No one is able to avoid the system completely.
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And yet we still occassionally hear of billionaries and companies who pay maybe 1 or 2% tax (like apple paid just 2% corporate tax abroad despite it's monster earnings) . Legit right?
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It is legit. It's using credits and loopholes to avoid it. Apple will never pay much in taxes because they're given so much in tax credits simply for existing in whatever state they're in. I know my state nearly pays for all the taxes for movie studios that make movies in Louisiana.
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It may be legal, but it shouldn't be. Especially for a company like Apple that is richer than some European countries! Government sets the taxes, and people and companies should pay the amount set for their wealth bracket. And yet America wonders why it's in so much debt, it's let too much slide by.
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Ok, then those companies leave the state and move somewhere that will give them tax loopholes.
End result, lost jobs, hurt economy, even less money gained in taxes.
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Them companies might go elsewhere (which they do anyway for manufacturing) but it gives others a chance to set successful business' in that place. But it's often possible that a economy is hurt for other reasons, like Detroit's economy focused far too much on it's car industry, leaving little room for other industries to go there. Once companies like Ford and GM fought it was too expensive to make cars there they just left, and now Detroit althought still a dump, it's a great location of farming in more years. The people done this, not the corporation. http://online.wsj.com/article/SB10001424052702304898704577479090390757800.html
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That's just silly. There is always room for more successful buisnesses and being around successful buisnesses make it MORE likely buisnesses will succeed because the area is better, more people have jobs etc.
Detroit didn't "focus" on an enconomy, they went with the only economy they had... after the rest of their companies went out of buisness or moved away. So I hate to say it... but what you see as the solution to the problem was actually it's primary cause.
