Senator Sanders should probably take an accounting class. As usual, he is misinforming his followers that haven’t the slightest clue what is actually going on.
Completely disingenuous on Sanders part. I guarantee if I pull the financial statements of the 10 C Corps. he listed they’ll have NOLs and probably enormous amounts of money sunk into capital projects.
I can’t think of a better example of how completely ignorant the typical Bernie supports is (and Bernie himself is) when it comes to anything related to business or economics.
It’s even worse than that… Publically traded corporation, AKA plain ol corporations, AKA C Corps are only required to disclose their financials to the SEC on their 10-K. They are not required to disclose their 1120’s, which is the IRS form used to determine their tax liability. The accounting for the two forms (10-K and 1120) is not the same because they follow separate rules. GAAP for 10-ks and the IRS codification for the 1120s. Different rules = different outcomes.
So 8% aren’t willing to pay at all? I guess his policies are in trouble now. Funny that the $1,000 more in taxes is what he has proposed. What do people get in return? His policy study is showing a $5,000 return. It is about using tax dollars efficiently.
And never mind the rest of the industrialized world has some form of single payor system and pays less for their healthcare. Oh wait a second, weren’t you the brilliant one who found out that Norway pays more. Oh no, 1 country and you didn’t take the time to find out what their plan covers. I bet it covers far more than what the average person’s health insurance plan.