"Democrats want to raise taxes on dividends and that means everyone who wants to retire."
Mr. Uber rich who owns 5 million shares of XYZ which pays a dollar dividend per share per year and has no other income pays...drum roll please...15% tax. You think that's fair?
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both you were born into the same political system, educational system, economic system and even if his parents are doing better than yours, you obviously think that HE should pay more than you. Thats because you want what he has, or you are petty and jeolous, or lazy and stupid, so you vote for a pimp to take his money and give it too you. Why are you so special? You didnt do your homework and he did. You got some chick drunk and pregnant and he had his nose in a medical book, or law book, or engineering book, or working 12-16 hours in front of a computer, who belonged to a major company that paid stock options.
How about telling the politicians to stop spending EVERYONES money. All the taxes, Like Labor and industries, state taxes come out of your wages. He can afford to pay you 20 per hour. Subtract the taxes and you get whats left. All business works on formulas. Restaurants run on 30% food cost to cover the rent, wages, etc.
Many employees are paid 10% of the revenue they bring in.
And of course investments are usually after tax money except for Roth accounts and a few others.
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Warren Buffet also has said if the top corporations paid taxes at the current corporate rate then no US citizen would have to pay any tax.
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Warren Buffet talks out both sides of his mouth. Warren Buffet contributes money to candidates like every other business and they are looking for PROTECTION against the government and an tax deductions. It can be as simple as an excelerated depreciation schedule for cars and equipment. How big is the tax code? Bigger than the bible, for one thing. If its not explaining a tax, its explaining a deduction. If you dont like deductions, step up and stop claiming your deduction for your home, kids, sales tax in washington, medical expenses, moving expenses, employment expenses. YOU dont pay the full tax rate EITHER. How many guys here file for the gas tax refund for their outboard? Business is NO different. When someone like Dick Armey or Steve Forbes comes along and talk about getting rid of the IRS and simplification of the tax system, politicians dont want that. They cant buy your vote if everyone pays the same. So tell me, what make you so special, you shouldnt be required to pay the same tax as everyone else. Youre obviously not towing the line. Get off the wagon and pull.
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Offshoring is not just about cheap labor. It also includes lax environmental laws and sheltering $$ from US taxes. In other words we lose jobs, the tax revenue and the infusion into social security. Bottom line it's greed.
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Foreign countries have tax rates also. Its not free. Gary Loomis set up his camp in Russia and they wanted PAYOLLA BABY! Thats greed. ya, govt regulation can cripple business. People like competition. If Govt doesnt have to compete, business will not survive and you have a complete waste land. Hey come to MICHIGAN FOR BUSINESS. We lose jobs when WE arent competitive with the rest of the world. You charge a tariff and the other country charges you a tariff. Are you greedy if the rate of inflation is 4% and you were offered a new position with a competitor and you tell your boss, it will cost him another 200 dollars a week to keep you? You know why your social security payments keep going up? Because your parents and grandparents or your neighbor is telling the politicians to give them a cost of living increase. So, the govt no longer counts gasoline and food and a couple other items when figuring the rate of inflation.
You can be unhappy or just realize, this country offers opportunity, not results. Only communism offers results.
Either way, you go to work.