Re:66% Of American Corporations Pay Zero Federal Income Tax.
by TomOfTTB on Monday April 20, 2009 @08:41AM
(#570559)
The irony is they start the article saying...
"Here are the rest of us, from the the family of four having trouble paying for college education to your neighbor just trying to make ends meet, who have to pick up the slack."
I took the one viable example and tested it (The other example, someone who is barely making ends meet, is either spending more than they can afford or is not paying Federal Income Taxes) A familly with 4 dependents making the average salary ($60,0000 each) is only paying 6% of their income in taxes according to H&R Block. While Corporations and their over paid CEOs generally pay close to half their income (provided they aren't cheating)
I'm not saying some rich people and corporations don't cheat. They do and I hope they get caught. But lets not forget the reality which is the high income brackets subsidize the lower ones. Not the other way around.
"Here are the rest of us, from the the family of four having trouble paying for college education to your neighbor just trying to make ends meet, who have to pick up the slack."
I took the one viable example and tested it (The other example, someone who is barely making ends meet, is either spending more than they can afford or is not paying Federal Income Taxes) A familly with 4 dependents making the average salary ($60,0000 each) is only paying 6% of their income in taxes according to H&R Block. While Corporations and their over paid CEOs generally pay close to half their income (provided they aren't cheating)
I'm not saying some rich people and corporations don't cheat. They do and I hope they get caught. But lets not forget the reality which is the high income brackets subsidize the lower ones. Not the other way around.