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Posted by: flyonthewallzz 1 year, 4 months ago
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flyonthewallzz1 year, 4 months ago
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Corporate taxes cost the consumer about 1 penny on the dollar (less for big ticket items).
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Your numbers do not include Social insurance payments
More than ¾’s of the folks in this country pay more into SS than they do into personal income tax.
If the first $15 grand of earnings where not withheld from our paychecks, a person making $8 bucks an hour would have an extra $2,400 in their pocket.
If corporate tax stayed the way it is: the person would lose $24 buck of purchasing power when they spend that extra money.
The person’s employer would also save about $24 bucks a week per employee.
In 2003 Social insurance contributions represented 40% of government receipts.
There are a lot of hardworking folks just trying to get by.
Do you really think this is fair?
If you totally doubt my numbers, I think I can find links to the spreadsheets, They all come from the IRS or the White House.
I get that nasty spam message when I post links lately: 04co16ccr, 05in21id.
And from the White House: Receipts.-
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Endoscopy1 year, 4 months ago
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Every dollar of taxes that a corporation pays the increase to the customer is that usually that same dollar. How much increase to an individual depends on what the business is selling and how much it costs.
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Half of the people pay 3% of income tax. The business pays half of that SS money
I have done some quoting for my comp[any. They look at what an employee costs the company. That includes salary and all benefits, SS and everything else. They are burdened with the costs of doing business so each revenue earning employee is burdened with the costs of the overhead employees. That includes the taxes paid to any government. Then when a customer is given a quote that uses a persons time they charge all of that burdened costs to come up with an hourly amount to charge a customer for that persons service.
You would be shocked to learn what a worker has to earn for the company to break even with that person's burdened cost to the company is.-
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Goppy1 year, 4 months ago
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This is precisely the reason that businesses ... large and small ... WANT a National Health Care Plan.
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These companies are in competition with EVERY SINGLE INDUSTRIAL NATION IN THE WORLD in which companies don't have this expense.
Unfortunately, the Neo-Con Ideology is so crazy, so UN-pragmatic, so Morally Vacant, they have made it their Mission to make Health Care such that only the wealthy can afford ... it's a sort of bonus prize for a game well played.
And Christian Conservatives share this view almost universally across America. American Christians work hard for Republican candidates PRECISELY because they want to punish the 47 Million Americans who cannot afford Health Insurance for not being rich enough.
I presume you share this Perverted Christian Ideology ... based upon your previous commentary.
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flyonthewallzz1 year, 4 months ago
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Maybe not as shocked as you think.
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I figure it costs about the same to have someone on the floor as they are getting paid in wages.
I think both parties are dancing around it, and there are truth and lies on both platforms
The folks that spend our money would have to have a serious bout of conscience before they gave up the withholding tax cash cow.
The SS tax contributions of a minimum wage worker are double the $1200 economic stimulus package given to families.-
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flyonthewallzz1 year, 4 months ago
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And regressive.
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And that money is covering almost half of the national dept.
It is the biggest social program in the world.
I am not sure what you mean by an epiphany?
the history of income tax was to fund wars, and the tax usually kicked in after a certain amount of money to live on was earned.
I think it is fair for some folks to say we should spend less on social stuff, but in the same light, it is also fair for folks like me to say we should spend less on military stuff.
Not counting "emergency" appropriations or SAPs the current administration has increased spending by more than $1.14 trillion.
Spending has pretty much doubled across the board.
Revenue has increased by about 1/2 that ($515 B).
Social insurance contributions represent almost 1/2 of the increase ($221 B).
I am comparing numbers from 2000 and 2007.
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wtagg1 year, 4 months ago
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Ironically, socialized health care would reduce the benefit payment to employees significantly for corporations. What is the average health care benefit does your company pay for each employee, $4k, $5k, $6k?
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Isn't it interesting that one of the mantras of the republicans hurts corporations? -
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