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Thu Apr 21, 2016, 01:37 PM

College Could Be Free In America If Corporations Paid Reagan-Era Taxes

http://www.huffingtonpost.com/entry/college-could-be-free-in-america-if-corporations-paid-reagan-era-taxes_us_57163d60e4b0018f9cbb11c1

Governments could be receiving an extra $167 billion annually if corporations paid Reagan-era tax rates.

If corporations paid the same tax rate as they did under Ronald Reagan, governments in the U.S. would have enough money to fund prekindergarten for every 4-year-old in America and higher education for every American attending public colleges and universities, according to a Huffington Post review of government data.

Corporations paid an effective tax rate of 31.7 percent on average during Reaganís eight years in the White House, according to Commerce Department figures that measure corporate profits and taxes paid to local, state, federal and foreign governments.

But in the seven full years President Barack Obama has occupied the post, corporations have enjoyed a 22.8 percent effective tax rate on their profits, Commerce Department data show.

The average annual difference, if applying Reagan-era tax rates to Obama-era profits, comes out to $166.7 billion.

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Clinton and her supporters, wrong, as usual.

6 replies, 871 views

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Reply College Could Be Free In America If Corporations Paid Reagan-Era Taxes (Original post)
Ferd Berfel Apr 2016 OP
Faux pas Apr 2016 #1
WDIM Apr 2016 #2
ViseGrip Apr 2016 #3
Abouttime Apr 2016 #4
Ferd Berfel Apr 2016 #5
ErikJ Apr 2016 #6

Response to Ferd Berfel (Original post)

Thu Apr 21, 2016, 01:41 PM

1. Kickin'

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Response to Ferd Berfel (Original post)

Thu Apr 21, 2016, 02:01 PM

2. Imagine if we went back to Einsenhower tax rates

We could really rebuild this country and the middle class.

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Response to Ferd Berfel (Original post)

Thu Apr 21, 2016, 02:35 PM

3. Eisenhower warned us about the Pentagon that Hillary is feeding for power, money, and votes.

 

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Response to Ferd Berfel (Original post)

Thu Apr 21, 2016, 03:09 PM

4. Just a start

 

capital gains should be taxed at the ordinary rate for income including FICA and social security.
There is also no good reason the rich should collect social security and Medicare. If you're fortunate enough to be wealthy you should pay for your own retirement and healthcare.

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Response to Ferd Berfel (Original post)

Thu Apr 21, 2016, 03:12 PM

5. What's her next failure in judgemenet going to cost?

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Response to Ferd Berfel (Original post)

Thu Apr 21, 2016, 03:25 PM

6. GOv. Reagan is the one that ended free state colleges in Calif

 

in the late 60's as punishment for the uppity hippies protesting the war.

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