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The future of Bidenomics: You pay Social Security tax on all of your income?
(www.foxbusiness.com)
this post was submitted on 04 Jan 2024
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Ahhhh, the classic "I'm just going to say nonsense and hope people don't notice."
America's taxes are below the global average and rank the 81st highest in the world, which is a bizzare definition of some of the highest in the world.
https://taxfoundation.org/data/all/global/corporate-tax-rates-by-country-2022/#Highest
https://www.msci.org/how-does-the-united-states-corporate-tax-rate-compare-to-other-countries/#:~:text=As%20readers%20may%20recall%2C%20federal,the%20middle%20of%20the%20pack.
Keep up.
That decision brought the country’s statutory corporate income tax rate from the fourth highest in the world
If we raised it as people are suggesting. We’d be back to one of the highest rates. Compared to most of our peers, we already have high taxation.
What kind of insane conservative nonsense is this? "We used to have something" means we still have it? Or people wanting to do something means it already exists?
That is the topic. Increasing the taxes. SMH.
We should be middle of the road for taxes. That’s what we receive in return.
Maybe you don't understand how the word "already" works?
Hell no. USA #1. We should have a 50% tax rate or higher. Especially for companies that only make money by manipulating money.
So you’d be fine being taxed at 50%? I wouldn’t. In most other countries the citizens pay a higher burden than the corporations. So you’d be fine with 50% of your wages gone?
Hold your goalposts there partner, corporations might pretend to be people, but last I checked, people still aren't corporations.
You can lose this argument gracefully, or you can lose it like a clown, your choice.
You’re the clown who isn’t being clear.
If we tax corporations to death, they’ll just move to a lower tax area.
It’s what they did with manufacturing. Taxes need to be fair. Otherwise companies won’t play.
Make them fair for everyone, by raising them.
For everyone ? I’m fine with that. Everyone should pay their fair share.
I'm glad we agree. People making less than ~300K are certainly paying their fair share, it's time for corporations to step up and face that 50%+ tax rate.
The rich can follow suit.
They are not. Not even close.
I agree, corporations aren't paying their fair share at all.