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Sat May 1, 2021, 02:12 PM

80% of Americans Bothered Corporations, Wealthy Don't Pay 'Fair Share' of Taxes

Eighty percent of Americans said the feeling that some corporations and wealthy people don't pay their "fair share" of taxes is a significant bother to them, with 59 percent of recently surveyed U.S. adults saying it bothers them "a lot."

Only a tiny, single-digit percentage of Americans said they are not at all bothered that top-tier corporations and some wealthy individuals pay too little in taxes each year, a newly published Pew Research Center survey finds.

Twelve percent of Americans overall said this level of inequality doesn't bother them "much," but Democrat-leaning voters are twice as likely than GOP-leaning voters (76 percent versus 38 percent) to say they are bothered "a lot" by a tax system that many believe disproportionately burdens people in lower income levels.

President Joe Biden's proposed infrastructure package draws from increased taxes on individuals making more than $400,000 each year. Additionally, his plan seeks revenue by closing tax loopholes for large corporations that pay zero dollars in taxes as well as raising the corporate tax rate to at least 25 percent, up from 21.

https://www.msn.com/en-us/news/politics/80-of-americans-bothered-corporations-wealthy-don-t-pay-fair-share-of-taxes-poll/ar-BB1gfXYg

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Response to Yo_Mama_Been_Loggin (Original post)

Sat May 1, 2021, 02:17 PM

1. I am not bothered by it. I AM OUTRAGED.

The fact that these wealthy individuals have successfully dodged paying their fair share all these years makes my blood boil and raises my blood pressure.

It is unconscionable. It is anti-democratic. It is wrong.

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Response to Yo_Mama_Been_Loggin (Original post)

Sat May 1, 2021, 02:34 PM

2. Only 80% of us? I suspect that more are irritated. I'm pissed off at this unfair treatment and

don't give me the crap that they pay other taxes too, etc. tons of money.

It's time that they pay more of a fair shake being that (1) they pay taxes only when they sell stock or assets...what happens if they never sell anything, e.g., borrow against their holdings? They can literally go through life w/o paying a single dime in taxes.

Haven't they rec'd so much already from the rest of us? Isn't it time for our share? When they whine and moan about increasing the min. wage, or other so called handouts, they are showing how much of a cheapskate they truly are. Just when is enough, enough?

It's an illness.

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Response to SWBTATTReg (Reply #2)

Mon May 3, 2021, 12:50 PM

7. tax rate means nothing; tax avoidance is everything

The corporate tax rate is relatively meaningless because there are so many ways they avoid paying any taxes.

GE, for example, during its rich and powerful days, employed more than 100 tax lawyers at $200,000+ salaries each. They occupied an entire floor at headquarters. That cost the company $20,000,000 ($20 million) per year. But the CEO calculated--correctly--that this saved them $500 million in taxes. Spending $20 million or even $100 million to save $500 million is obviously shrewd.

There is NO alternative minimum tax for corporations. Also, the "oil depletion allowance" and its mining equivalent must be repealed--total boondoggles.

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Response to Yo_Mama_Been_Loggin (Original post)

Sat May 1, 2021, 02:40 PM

3. Too bad it's not 80% of EACH state.

80% of Okies think Biden is coming to repossess their trailer homes.

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Response to Runningdawg (Reply #3)

Sat May 1, 2021, 04:43 PM

4. But Walmart shouldn't pay their share of taxes and they should have most of their workers on

foodstamps

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Response to Yo_Mama_Been_Loggin (Original post)

Sat May 1, 2021, 05:21 PM

5. "Americans Bothered Corporations, Wealthy Don't Pay 'Fair Share' of Taxes"

I think if the Dem's pound on this during the next election (2022?) over and over again the RWNJ's will get it.. The repukes are all about the rich and powerful and expect the rank and file common American to pay the bill. If the Americans can see things getting done FOR THEM at no cost to them..... they will go for the Democratic idea.. Yea McTurtle will say it's socialist and it will raise taxes..... he does not finish the sentence with "raise taxes on my wealthy friends not the average American".. Ufff this gets me pissed..
m

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Response to mitch96 (Reply #5)

Mon May 3, 2021, 05:09 PM

8. Not just pound on it. Blame Rs for it. They are the political villains, make them

the villains. ďDo you want a future of poverty for your kids? If so, vote for Republicans.Ē Thatís the message the Democratic Party should pound.

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Response to KPN (Reply #8)

Tue May 4, 2021, 08:24 AM

12. This is a necessary part. Call them the bad guys, direct anger at them.

Since they are bad guys, you'd think that wouldn't be so hard, but apparently it is.

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Response to Yo_Mama_Been_Loggin (Original post)

Mon May 3, 2021, 06:08 PM

9. Yeah

But, this has been the case for over four decades now and yet, it is still an issue. The way to change this is not one that is truly welcomed once most Americans realize what it entails. Like the cessation of the worship of that green piece of paper. Like the exposition of 'the American Dream' as just that. I don't see this changing any time soon, unless the bloated power of the oligarchy gets addressed. Plans are great, but I have heard about 'plans' before. The problem is they usually get watered down to the point of non-effectiveness, and then just become another political flag to wave... one that signifies nothing, but looks good when it is paraded around.

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Response to Yo_Mama_Been_Loggin (Original post)

Mon May 3, 2021, 06:20 PM

10. K&R, that's why infrastructure paid by higher rich folk taxes are popular

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Response to Yo_Mama_Been_Loggin (Original post)

Tue May 4, 2021, 08:01 AM

11. And they never will.

With the gerrymandering in Texas they will forever get their way. Even if Republicans lost in Texas and there was a threat to their majority the Republicans would just steal the election. It will take the power of the fed to correct that. And then we need the Supreme Court and we donít have that. And that idiot Manchin will blow it up because heís seriously mentally handicapped.

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