I see one of the suggestions for the budget / jobs is to give corporations that practice tax evasion, by keeping their profits off shore instead of claiming them in the USA, a "tax holiday" only taxing their profits at a far lower rate than they'd normally have. Instead of paying 35% they would pay a substantially reduced rate, any where from 5% to 8% typically. It's estimated that even at 5% this 'holiday' would net roughly $50 Billion in revenue.
You're working class? Try not paying your taxes then asking for a reduced rate.. see how that works out for you.
This is why our Nation is broke, people and corporations who clearly take advantage of all this Nation offers, it's infrastructure, it's defense, think they owe nothing for any of it.
Write your congressmen - and representatives. Let them know under no circumstances will the Working class of this nation stand for sanctioned tax evasion, nor will we reward corporations that don't want to pay their share for what they get with a 'tax holiday' - insist that we close ALL 'off-shore' loopholes to hold these corporations who benefit from all US citizenship offers but feel they owe nothing for - accountable.
If these corporations can't get by because of their tax rate - then they deserve their failure, because it's not their taxes that is the problem. It's other other 65% of their 'profits' they aren't using wisely.
That or actually give them what they pay for.. 'Sorry, you guys don't want to pay your taxes, so we're not going to get involved internationally to guarantee your interests (Say, wars for Oil, and etc)because we don't have enough revenue to launch wars for your profitability.
HOLD THESE PEOPLE ACCOUNTABLE - IT IS ALL WE HAVE LEFT!
Tuesday, September 6, 2011
Tax holidays... Why the USA is Broke.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment