Corporations used to pay the majority share of the governments revenue. Before the income tax was passed, tariffs paid for the government budget. However, as corporatism has taken over the government, this rate has steadily gone down to the point where major corporations pay no tax on billions of dollars in revenue or they get a refund. Who has to make up that difference? That's right, you and I. And by you and I, I mean those making less than $250K. Because their effective tax rate is lower than what you and I pay. We pick up the rest. We are constantly fed the lie that corporations will leave the country or the state if the tax rate is increased. Well, they already have. They have moved their profits "offshore" as a way to avoid paying any tax. The rich do it too, sending billions to the Caymans and other private bank accounts.
Jamie Oliver Responds To British Health Minister's Criticism Of His Anti-Obesity Efforts [UPDATED]
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Doing the wrong thing is alway cheap and easy today, leaving the hard work
to clean up the mess to someone else. The amount of money that would be
saved i...
2 years ago