Posted in Economics, Featured, Social Movements, Video “Economic Armageddon and You” July 1, 2011 5 Comments American and planetary economic problems simply explained. Share: Author: Admin Related Articles Israel’s Internal Enemies on the March UPDATE! Trevor Loudon in Louisiana November 13-16 2017 Could Your Congressman Pass An FBI Security Check? Ami Bera of California Would Flunk Big Time Obama’s Links To Pro-Terrorist Groups The Otherworldly Powers Of Darkness, Cults, And Sexual Deviancy In Politics The Council Has Spoken!! 05/20/11 Calvin Coolidge – A Great President, Plus a Bonus Chicken Story John McCain is a Threat to National Security
5 thoughts on ““Economic Armageddon and You””
Here is another good video on this subject.
All explained within a very simple nutshell.
All reasonable and good except for the implication that businesses pay so little tax – the US has the second highest business taxes in the world. Businesses do not pay taxes they collect them. Every penny a business has, every penny, comes from the customers. That means the individuals add the business taxes to their own tax burdens. Yes, you’re paying your taxes and the taxes of every company you buy from.
“The little amount being paid by corporations”? Duh!
Hay, wake up, corporate taxes are nothing more
nor less than double taxation on the owners,
i.e., the stockholders of the company. When I am
taxed on my labor I’m taxed but once, sales taxes
aside, by the taxing governmental unit. So why
should my “earnings” from dividends be taxed twice,
once before the corporation pays me my a dividend and
then once more when I receive my dividend? Whose
reasoning can accomidate this? The other way
to look at it is as put forth by SiGraybeard.
Corporate income taxes are sales taxes paid for by the
consumers of the products sold them by those horrible
ugly rapacious corporatins. Oh, the horror,
the horror of it all. The horror of it all is
that the poor benighted electorate is too stupid
to figure that all out.
So saith the sage of the prairie.
I totally agree with you on the Biz Tax comment.