Friday, 19 August 2011

{Political_Views} Obama says Warren Buffett is right about taxes - Yahoo! News






I still think that since corporations and RepubliCONs and the Supreme Court say that corporations are human that we should
then get rid of corporate taxes and tax corporations at the personal income tax level. Look at it this way. Who would they claim as
dependents? The stockholders? Well yes but their is a line on the HUMAN income tax return that asks if you were or can you be claimed
on another income tax return. If so you are then taxed at a higher rate. Also since shareholding s a good old boys club where
they hold shares in many different corporations they can only be claimed on one so many corporations would have to claim ZERO
on their HUMAN return thus they would have to pay a much higher rate up to almost 50% of their earnings. By taxing the corporations
as the humans they insist they are well then we could pay off the debt in say 2-3 years, and give full 100% healthcare for REAL
HUMANS as well as rebuild our infrastructure. Exon alone would have had to pay over $5 billion on it's human return instead of almost
nothing using loophole on it's corporate return. If not that then every REAL HUMAN should incorporate themselves (and you can) and
thus pay the corporate rate of 4.5 to 6.5 present instead of the HUMAN rate of 14.4 to 20 percent many people pay now.
Just a thought.

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