Quote:
Originally Posted by oLd-SouL";p="
Corporate taxes comprises about 11% of Fed Income
|
They used to comprise
over 25% during the Golden Age of the US.
Quote:
|
Originally Posted by Corporate Income Taxes in the Bush Years
Corporate taxes paid for more than a quarter of 2.0% federal outlays in the 1950s and a fifth in the 1.5% 1960s. They began to decline during the Nixon 1.0% administration, yet even by the second half of 0.5% the 1990s, corporate taxes still covered 11 0.0% 1960 1963 1966 1969 1972 1975 1978 1981 1984 1987 1990 1993 1996 1999 2002 percent of the cost of federal programs. But in fiscal 2002 and 2003, corporate taxes paid for a mere 6 percent of our government’s expenses.
|
Quote:
Originally Posted by oLd-SouL";p="
So why not a tax cut for the ultra-rich. They are the ones paying the lionshare of the taxes anyways for fewer benefits.
|
The rich own the lion's share of the wealth and therefore consume the lion's share of the protection and benefits afforded by government.
Here's an idea:
Quote:
|
Originally Posted by Facts About Taxes
If all taxpayers paid the same 10.5 percent of their wealth in taxes as median income families pay, the taxes of the lowest 40 percent would be cut by 94 percent while the taxes of the wealthiest would triple.
Source: Congressional Budget Office and United for a Fair Economy |
The rich don't need more tax cuts. They already own far, far more than the masses combined.