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Corporations and the wealthy in the United States pay the vast majority of taxes to support the country. 5% of the people in the United States pay 95% of the taxes collected. I am certainly not one of these 5% but I do recognize that the wealthy in this country support the rest of us as they pay their share and our share of the taxes. They also produce the jobs through business ownership and investments to companies so that they can expand and offer jobs to the rest of us. It takes this type of investments and business ownership to run this country and probably the rest of the countries as well.
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What is a corporation that does not pay any federal income taxes?
S corporations
What percentage of federal income taxes was paid by Corporations in 1950 and what do they pay today?
30%
What do large US cororations pay in Federal income taxes?
what do large US corporations pay in Federal income tax
Why wealthy people oppose income taxes?
People who pay more tax that most will naturally oppose higher taxes. It's not that they oppose paying taxes as a means to operate the government but they see waste in government and don't wish to contribute to this. Less wealthy people oppose sales taxes often times because they see this as a tax that they have to pay. We are almost at a point in the United States where half of the people do not pay any income taxes. This means that instead of everyone paying their fair share of the costs of government, half of the people pay nothing towards their fair share. Certain politicians have used this as a platform to stay in office by pandering to those who pay no taxes by promising more programs and such to benefit the ones who pay nothing. In the United States we have a progressive tax system which means that the higher your income, the higher percentage of your income that the government takes to support programs that don't benefit you. Is this fair. This is the debate.
Does obama support increasing taxes on S corporations?
This is a double sided question. The direct answer is that Obama will not raise taxes on S-Corporations. S-Corporations rarely pay taxes. Their profits flow through a schedule K-1 to the owners individual income tax return.If Obama raises personal income taxes, which he probably will, then yes you will pay more.The biggest issue with Obama and S-Corporations is the fact that Obama wants the profits from an S-Corporation to be subject to Social security Taxes. Under present law, an owner of an S-Corporation can take distributions of profits and not pay social security taxes. The only tax you pay on S-Corp profits is federal income taxes. If he does pass this change then owners of S-Corps will pay upwards of 15.3% of their profits for Social Security Taxes. Thus eliminating the need to form an S-Corp.
Why did the colonists oppose the taxes imposed after the French and Indian War?
the colonist simply didnt want to pay thier fair share of taxes
What does double taxation mean?
Corporations pay income taxes on their profits, and stockholders pay taxes on their dividends.
What percentage of US Taxes do corporations pay?
15
Is a corporation that does not pay any federal income taxes?
S corporations
What is a corporation that does not pay any federal income taxes?
S corporations
Does President Obama have to pay taxes?
Absolutely. All people do, even presidents. And Mr. Obama has released his tax returns to the public, so you can see that he does pay his fair share.
What are the example of argumentum ad invidiam?
Class envy statements. The rich should pay their fair share, hence we should raise their taxes. etc.
Is it fair to pay taxes?
Yes ,but some people don't think it is fair.
What percentage of federal income taxes was paid by Corporations in 1950 and what do they pay today?
30%
Where does welfare funding come from?
From the "little people" who work and pay taxes and actually pay more than the corporations (who can claim to be based in the Cayman Islands and pay $0 in US taxes) and a larger percentage of their incomes than hedge fund managers, whose taxes are capped at 15%. Instead of complaining about this disparity, the average American prefers to blame the poor and infirm instead of a bought and paid for US government of the corporations, by the corporations and for the corporations! (In the previous sentence feel free to substitute "rich" for corporations!
In the US tax system everyone is supposed to pay a fair?
life's not fair - why should taxes be?
What do large US cororations pay in Federal income taxes?
what do large US corporations pay in Federal income tax
