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Topic91 profitable Fortune 500 companies paid $0 in taxes in 2018 under Trump's tax
wolfy42
12/24/19 10:03:39 PM
#24:


First sales tax is paid by the consumer (us), not the companies, although you could say they collect it from us and then pass it along. Now sometimes you will see specials where they state "They will pay the sales tax for you" but in such cases they are just giving you a discount equal to what the sales tax would have been (and in fact reducing the sales tax in the process since it's based on the total amount sold..so less of a discount in fact).

MEanwhile there have been loopholes and significant tax cuts on the wealthy since Reagan, and presidents on both sides have had many chances to get rid of them, or reduce them at least. Even just as recently as Obama, he had both control of the house/senate and was president for a year. He could have wiped them all out, in fact there was absolutely nothing stopping him (at least Clinton etc didn't have as much power and would have had to fight for it....but he didn't even try either).

So you can vote Dem or you can vote Rep, it doesn't matter because in my entire life of 30+ years of voting, it's never made a damn difference at all. Everyone that gets in that position is bought by the corporations and rich, and that is just the way it works.

Even if we did get a Bernie etc into office, it's highly likely that the corps would just focus hard on preventing a majority in the house or senate so they could just block anything that way. Money is power, and people with money are not going to support laws that take money away from them, so yeah, I don't see the loopholes and tax cuts for the wealthy going anywhere soon.

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