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You clearly don't understand what the gov. means by taxing the "rich" I am a supervisor for a retail company that owns 25 retail stores. net profit around 20 million. In which the Gov. considers a " mom and pop" company. The companies that the Government is referring to is companies like Walmart that net incomes exceed 3 billion dollars annually...
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SpoonJuly
Guest
You missed the point of the thread.
Regardless of the size of any company, any tax increase will be passed on to the consumer.
As a supervisor you know that or at least should know.
The government is not referring to any one, it is certain people that are running for president.
Now if you believe that only the Walmarts will be taxed by these people, you are deceiving yourself.
20 million a year is not peanuts and not a "mom and pop" company.
You do realize that the Gov. is taxing us , the mom and pop Corps. instead of the Billionaires. that was my point of the matter...
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SpoonJuly
Guest
I know very well that the government is taxing us but they are also taxing Walmart.
Walmart's tax rate in 2017 was 30% and that dropped to 19% in 2018.
Now I will say that the drop does not seem fair, but it is what it is.
The thing is that large corporations will squeeze out a little profit or they will close their doors. Only fools think they can get those corporations to solve their money problems.
The politicians that tell you the rich should give up their money, some of them are the very rich they play their game on. Government doesn't have a taxing problem, it has a spending problem. The more our government takes on, the more it screws up. It has to do with the corrupting influence of power.
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SpoonJuly
Guest
And this is wrong.
But they only took advantage of a very complex tax code passed by congress.
The whole tax thing is a mess but I still believe that all taxes are ultimately paid by the consumer.
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UnderGrace
Guest
Just wonder why there is this belief that corporations need to be taxed to begin with?
Well I suppose as a Canadian you never had to memorize the preamble of the US constitution in elementary school. Here is the basic outline;
What Are the Six Goals of the Constitution of the United States?
According to the preamble to the Constitution, the main goals of the document were to provide liberty, see to the welfare of the people, create peace and tranquility, defend the country, offer justice and to unite the people under one rule. The preamble also emphasizes that the country is to be ruled by a democracy rather than a king.
Beginning with the powerful phrase "We the People," the preamble to the U.S. Constitution states plainly that the
new nation would be governed by the people. The six goals of the Constitution are plainly stated as:
1)"Form a more perfect union"
2)"Establish justice"
3)"Ensure Domestic Tranquility"
4)"Provide for the Common Defense"
5) "Promote the General Welfare"
6) "Secure the Blessings of Liberty"
new nation would be governed by the people. The six goals of the Constitution are plainly stated as:
1)"Form a more perfect union"
2)"Establish justice"
3)"Ensure Domestic Tranquility"
4)"Provide for the Common Defense"
5) "Promote the General Welfare"
6) "Secure the Blessings of Liberty"
We were taught since grade school that it is our nations responsibility to take care of its people or it will perish. That the government is supposed to be non profit and any excessive tax revenue is supposed to be spent on improving the lives of our people. All of them starting with the most needy first or else given back. And taxes is how it works. It has a solid scriptural basis "To those who receive much, much is expected." Now that is how it was supposed to work and from a scriptural stand point as Christians we should reinforce it because in Ephesians we know 5:5) For of this you can be sure: No immoral, impure or greedy person-such a person is an idolater-has any inheritance in the kingdom of Christ and of God.
It really quite simple The needs of the majority outweighs the wealth of the minority. To claim otherwise is unamerican and unchristian. (like Ayn Rand)
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UnderGrace
Guest
Well there is a lot of crony capitalism too....is that how things should be done?
Well to a clerk or a cashier that earns $8-12 dollars an hour at a convivence store or $18(phr) driving a forklift, a Senator that earns $174,000 a year + benefits + per diem + a car a year seems quite wealthy. That's more than most can realistically can expect to earn doing honest work. But that's not enough for many in elected offices. So they often take money hand over fist from lobbyists too.
We expect representation and services from our tax money because we don't work for the government. It is supposed to work for us. Few can afford the time or money it takes to build roads, schools, lay water and sewer pipes and take our own garbage the dump not to mention the price of the land that the dumps are on or water and sewage treatment plants.
Should we raise the pay of our representatives so they'll stop taking the bribes that the lobbyists are offering? Don't forget that they work for us! Does anyone think they'd stop taking the money no matter how much we pay them? They think the are entitled, some are even offended by whistle blowers.
I've worked with many ex-con's that blamed getting sent to prison, on the witnesses to their crimes. They have the survival of the fittest mindset, as if they are entitled to what ever they can get, take or steal. That's how many criminals minds work. They feel justified to take without giving and are offended when they are stopped or caught.
We expect representation and services from our tax money because we don't work for the government. It is supposed to work for us. Few can afford the time or money it takes to build roads, schools, lay water and sewer pipes and take our own garbage the dump not to mention the price of the land that the dumps are on or water and sewage treatment plants.
Should we raise the pay of our representatives so they'll stop taking the bribes that the lobbyists are offering? Don't forget that they work for us! Does anyone think they'd stop taking the money no matter how much we pay them? They think the are entitled, some are even offended by whistle blowers.
I've worked with many ex-con's that blamed getting sent to prison, on the witnesses to their crimes. They have the survival of the fittest mindset, as if they are entitled to what ever they can get, take or steal. That's how many criminals minds work. They feel justified to take without giving and are offended when they are stopped or caught.
We recently watched a movie on NETFLIX titled "The Laundromat" it stars Merril Streep, Antonio Banderas and many others. It's about international money laundering and tax evasion. 
I don't see why the "Rich" should be taxed even more then they are considering they already are being taxed 20% more then majority of the people with incomes lower then 27k. Considering the fact that they also work for the money they earn why would it be considered fair to make them pay more, just because they have more.
Where are you getting your facts and figures. They are supposed to pay 20% in taxes but because of " tax loop holes" Walmart, last year wrote off more than 1 BILLION dollars in taxes!!! Fact Finder is free look it up...
This is one of the sources:
https://www.pewresearch.org/fact-ta...ok-at-who-does-and-doesnt-pay-u-s-income-tax/
My point was they already pay a lot and it should not be considered ok to charge people that have more, just for that very reason.
People who are poor always seem to have this mentality that the rich are keeping the wealth from them when in reality it is themselves that are stopping the wealth from coming to them by making terrible financial decisions. like maxing out credit card allowance, taking out a loan to buy a car, or a mortgage to buy a house that they can't fully afford ... you get the gist.
https://www.pewresearch.org/fact-ta...ok-at-who-does-and-doesnt-pay-u-s-income-tax/
My point was they already pay a lot and it should not be considered ok to charge people that have more, just for that very reason.
People who are poor always seem to have this mentality that the rich are keeping the wealth from them when in reality it is themselves that are stopping the wealth from coming to them by making terrible financial decisions. like maxing out credit card allowance, taking out a loan to buy a car, or a mortgage to buy a house that they can't fully afford ... you get the gist.
My point is that the rich pay no taxes!!! And the money that they make is off the sweat of OUR brow... and I was asking you to look up Fact Finders that was created By a billionaire and does'nt make 1 dime in profits from this...
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SpoonJuly
Guest
Where is your proof that the rich pay no taxes?
If you do not like to work for the evil rich, just quit.
Stop the continuous complaining and quit.
Seems that a lot of people in this country live without working.
There is always room for one more to lives off the sweat of the working man that appreciates having a job.
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UnderGrace
Guest
High taxation rates just makes the rich and the corporations move their money elsewhere.