OnePercenter
Gold Member
- Apr 10, 2013
- 23,667
- 1,880
One more time: The bottom 49% pay NOTHING towards our collective federal income tax burden yet have the same access to our infrastructure as those who do pay. How is that "fair?"
They don't have any money.
If you want that to change;
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2015 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with 500 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2015 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
What a bunch of financially illiterate CRAP.
A 30% tax on corporate REVENUE? Grocery stores operate on 2-3% profit margins. So, either they increase prices 30% to cover this tax burden, or they go out of business. The neighborhoods most affected will be in POOR areas.
Your plan, quite ironically and likely intentionally, makes your Dreaded INEQUALITY worse. But that is the aim of Socialism - to benefit The Very Rich at the expense of the poor and the middle class.
With employee expenses and taxes currently being 50%-60% wouldn't that be a savings?
FYI: Nobody makes 2%-3% net profit. ALL corporations (even mine) are multi-tiered. The typical large grocery store chain has procurement, logistics, and transportation profits BEFORE the product hits the store which makes net closer to 20%.