[quote]DoubleDuce wrote:
[quote]Zeppelin795 wrote:
[quote]DoubleDuce wrote:
[quote]Zeppelin795 wrote:
[quote]DoubleDuce wrote:
[quote]Zeppelin795 wrote:
[quote]Jewbacca wrote:
[quote]Zeppelin795 wrote:
Multi-billion dollar corporations pay less taxes on their profits than a typical middle class families in taxes. Surprise!
Corporate profits are taxed at two levels, the company level and the shareholder level.
So, for example, Exxon earns $100. It’s taxed 35%, leaving $65. Then the shareholder is taxed at $39.5%, leaving $39.33.
In short, for every $100 in profits Exxon distributes, the Obama Regime takes $60.68, for a total tax rate of 60.61%.[/quote]
Here is another theoretical falsehood. 35% is the nominal tax rate, not the effective rate. A big difference![/quote]
So, what is a “fair” rate?[/quote]
Not the point. The poster tried to pretend that corporations pay 35% and they do not. Fed tax rate was over 90% in the 1950’s and the economy grew at a much better rate than today. So you tell me…[/quote]
I wasn’t addressing your point. You brought up what wasn’t fair, I was asking you a direct question. What is? What is fair to take from a company? At what minimum rate is it unfair to allow a company to keep from its’ earnings?[/quote]
Since the nominal tax rate was over 90% in the 1950’s and the economy grew at a faster rate then I would say that it makes sense. You? [/quote]
So, your stance it that it is unfair for a corporation to be allowed to keep more than 10% of the wealth it creates?[/quote]
Is it your stance that multi-billion dollar corporations should be able to pay less taxes than their average worker?
The tax rate was over 90% in the 1950’s and the economy did better than today. Just pointing that out.