No, I don’t want the thousand dollars. I want the taxes to be paid by everyone including the ones who should pay the most taxes but pay off the right people so that they don’t. I don’t know why you feel sorry for them. It is simply a threat to corporate greed that if they don’t listen to aoc and start paying their taxes then the non billionaires will vote yang in and tricke up the money.
Yep, we have definitely entered the "I should get paid for breathing" era. Yes, it's unfortunate and reprehensible.
The corporation is now treated as an individual, living, breathing, entity except no one person is personally liable. I recommend you watch the documentary called the corporation. It will explain how they have every right and ability to break the law and no one takes the blame. They will keep pushing and pushing and trying to get away with more unless we stand up to them.
Every wealthy individual pays taxes on their income. You could argue that they don't pay enough but you keep spreading this falsehood that they pay no taxes. Of course, 99% of the people in this thread knows that the wealthy individuals do pay taxes on their income.
All we know is that publicly traded companies are not paying their taxes. Based off this knowledge we can assume non-publicly traded companies a.k.a. private companies not listed on the stock exchange are also not paying their taxes. These companies are much bigger than the publicly traded companies. We cannot see the individual tax returns of one individual, and we are not assuming they don’t pay their taxes. But based on the knowledge we have of publicly listed companies we see that they are not paying their taxes. Please refute this evidence with cited reputable sources otherwise we can assume all of the big companies are not paying their taxes. This is not just about the individual level.
Corporations are not individuals. Microsoft is separate from Bill Gates. Amazon is separate from Besos. You were the one that started a thread about individuals and now are moving the goalposts and wrongly equating individuals with corporations.
So...your contention is now that EVERY big corporation pays ZERO taxes? If do so please post your definition of a big corporation. If not, what are your saying?
This debate is pointless, individual or corporation is not the point. From the financial statements that we can see regarding publicly traded companies, we see that they are not paying their taxes. It’s not hard and it’s clear as day to find this evidence. You denying this evidence only tells me you either have a motive and self interest, Or you will just argue with anyone who contradicts a Republican belief.
I posted three articles about how three of the biggest companies: Amazon, Apple and Netflix are paying zero taxes even though they recorded the highest profits in 2018. We need to tax more if people/corps can get away with this.
But Right...but you said ALL...that is patently false unless you have a very narrow definition that only includes the companies you cite.
There is not a huge difference between making $40 billion and $100 billion but the proposed cutoff is at $10 million right? That is a huge difference from $40-$100 billion. $10 million is a large amount too but I feel it affects more honest, hard working people than you think that you would never suspect they are that wealthy. That is a huge amount of money that somebody has earned that was not expecting to get taxed so heavily on it just because they are smarter, more talented, worked harder, more savvy, more brave than other people that rest on their laurels. I am not a proponent for the massively wealthy but I think it is one think to say, "well they don't need it anyway" and another thing to say, "let's tax the weatlhy and put it toward education/social security only (or some social fund)" instead of not having any plan for that money and just trusting our government to make the right choice with that money. Just sounds folly to me unless we can figure an incorruptible system to put the money to good use. IMO, what's mine is mine and what's yours is yours. Again, I would rather have a billionaire like Warren Buffet, Steve Balmer, etc. keep that money and continue to invest in businesses, people, real estate, etc. and most importantly charities. Most billionaires do donate to charities/good causes and the money is probably put to good use which makes them feel happy and also continues to drive them knowing that there money is put to good use. What does an individual have to gain by becoming the best business owner they can be if the government is just going to tax the hell out of them once they hit a certain threshold? I do like the idea of taxing the super wealthy in tiers. i.e. 50% at $10 mil, 60% at 50 mil, 70% at 100 mil, 80% or more at $150 mil or more. That way the wealthy can decide ways to limit their taxable income. I will say though that there is a reason most of these people are wealthy and they will find a legal loophole to maintain the wealth that they have earned so this is all kind of silly in thinking that the wealthy will just continue to make their multi-million dollar paychecks. I just don't see how any of this works and am worried about any social plan that gets proposed without the end game in mine first. Any social plan should start with a question like, "we need to have better education in this country or it needs to be more affordable" and then come up with a plan first that is feasible. Then, in order to pay for that plan, this is the tax plan that I propose...What I worry about is too many people seeing these large paychecks and want them for themselves. Capitalism is greedy but wanting handouts for no work isn't?
Youre arguing irrelevant things and trying to find any and every flaw when i just want to ask you. Should companies that make billions be subject to and pay the same 37 percent income tax rate everyone else has to pay once they reach a certain bracket?
You say these guys won't lay down and take it... so we should lay down and take it? Yes, I recognize high earners will do things to optimize their tax treatment. They will change the timing, they'll change the jurisdiction, they'll change the incorporation, they'll find loopholes, whatever. Yes, you have to be very careful in crafting your tax legislation to incentivize the right behaviors and tax the right things in an equitable way. That doesn't mean you can't change the tax brackets without the world falling apart. Just be smart about it. You just aren't right about this. Corporations pay the taxes they owe. When you say they don't pay their taxes, you're saying they are breaking the law, and that's not happening. They're just optimizing their tax burden. You might see, like Amazon recently, a company that doesn't pay tax in a given year because they have deferred tax assets. They will eventually pay, and a lot. To take one example, here's Microsoft paying an effective tax rate of about 15% in 2017-2018. Back in Q2 2005, they paid a low of 4.17% and in Q2 2012, they paid 237%. You might not like how much companies pay, but they do pay according to the law, and sometimes a little bit and sometimes a lot.
