Half avoid taxes, get US help, but many not poor

Sep 18, 2012 Read more: Northern Michigan News

Mitt Romney got the math about right. But when he said 47 percent of Americans pay no income taxes and are "dependent on government," he blurred together half or more of the entire country, ranging from the nation's neediest to its middle class, and even some of its richest families.

Read more
notindividuals

Bryn Mawr, PA

#1 Sep 18, 2012
The tax battle has been purposely shifted to the individual level when it should be on the corporate/business level. When GE pays NO TAXES on 5 BILLION DOLLARS on a 55,000 page income tax return using loopholes created by congress...THIS IS where the focus should be.

http://www.weeklystandard.com/blogs/ge-filed-...

Another report says major corporations avoided almost 200 BILLION dollars in taxes with the same or similar loopholes.

http://www.abc3340.com/story/19502745/study-s...

Some of those 'loopholes' include the corporate laundering of money/profits overseas.

http://money.msn.com/top-stocks/post.aspx...

And believe it or not I'm pretty much a free market eliminate INDIVIDUAL taxes person. But this is ridiculous when individuals pay more than corporations with BILLIONS in profits. I'm not saying drain them dry but something has to be done. Many of these corporations have already outsourced and yet still do business here in the US.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Tax Discussions

Title Updated Last By Comments
News Frederick Ippolito, Oyster Bay planning commiss... Thu Anon 1
News Fact Check: Estate tax hits fewer than 1 percen... Apr 14 Le Duped 1
News Report: Kansas tax system puts higher burden on... Apr 14 Relevance Matters 1
News Tax-filing deadline brings a flurry of activity... Apr 14 Government failures 1
News Estate planning can prevent your household from... Apr 14 jordennancy23 2
News Obamas paid $93,362 in federal taxes, return shows Apr 13 Abrahammock Relig... 24
News Tax Day extra difficult for many same-sex marri... Apr 13 WeTheSheeple 15
More from around the web