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Topic	Under JFK, the wealthy paid 91% of their earnings in income taxes
lilORANG 09/23/17 1:40:58 PM #26:	Annihilated posted... lilORANG posted... Annihilated posted... lilORANG posted... pikachupwnage posted... The wealthy would move to other countries lol. all the countries worth living in have stricter economic regulations than the US. They'd have to move to Turkmenistan or something They already all have lower corporate taxes than we do. Ours are the highest in the world. not really. They look higher on paper but nobody actually pays that rate because there are so many exemptions and credits and stuff that corporations qualify for. Plus we have the S-Corp option. idk if other countries allow that tbh but the actual corporate rate isn't what's paid in practice. Yes really. Just because some businesses have a few select tax exemptions doesn't mean "nobody pays it anyways." That's all just socialist rhetoric drivel to justify keeping the small businesses down. Most businesses do pay this tax and their hiring suffers for it. I'll see your unsubstantiated claim and raise you some hard evidence https://www.cbpp.org/research/federal-tax/actual-us-corporate-tax-rates-are-in-line-with-comparable-countries btw this is analogous to my first post ITT saying that the 91% rate imposed back then isn't what's actually being paid, because the definition of "income" wasn't nearly as broad as it is today. What's more important to you? What the tax rate is on paper, or what someone actually pays? I don't see much use in applying the first standard. --- #FeelTheBern http://i.imgur.com/q5z4CUu.jpg http://i.imgur.com/6B9oFXh.jpg http://i.imgur.com/sy42Dlf.jpg <cite>lilORANG posted [p:887144320] in Under JFK,... [t:75805869]...</cite> <quote><cite>Annihilated posted...</cite> <quote><cite>lilORANG posted...</cite> <quote><cite>Annihilated posted...</cite> <quote><cite>lilORANG posted...</cite> <quote><cite>pikachupwnage posted...</cite> <quote>The wealthy would move to other countries lol.</quote> all the countries worth living in have stricter economic regulations than the US. They'd have to move to Turkmenistan or something</quote> They already all have lower corporate taxes than we do. Ours are the highest in the world.</quote> not really. They look higher on paper but nobody actually pays that rate because there are so many exemptions and credits and stuff that corporations qualify for. Plus we have the S-Corp option. idk if other countries allow that tbh but the actual corporate rate isn't what's paid in practice.</quote> Yes really. Just because some businesses have a few select tax exemptions doesn't mean "nobody pays it anyways." That's all just socialist rhetoric drivel to justify keeping the small businesses down. Most businesses do pay this tax and their hiring suffers for it.</quote> I'll see your unsubstantiated claim and raise you some hard evidence https://www.cbpp.org/research/federal-tax/actual-us-corporate-tax-rates-are-in-line-with-comparable-countries btw this is analogous to my first post ITT saying that the 91% rate imposed back then isn't what's actually being paid, because the definition of "income" wasn't nearly as broad as it is today. What's more important to you? What the tax rate is on paper, or what someone actually pays? I don't see much use in applying the first standard. --- #FeelTheBern http://i.imgur.com/q5z4CUu.jpg http://i.imgur.com/6B9oFXh.jpg http://i.imgur.com/sy42Dlf.jpg</quote> ... Copied to Clipboard!
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