Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: dj55 who wrote (1469402)	7/15/2024 6:02:21 PM
From: Tenchusatsu	2 Recommendations Recommended By Bonefish miraje Read Replies (1) \| Respond to of 1572919

Dj55, Federal tax revenue for the US was comprised of Individual tax revenue, 54%. Payroll tax, 30% *Corporate tax 9%*, other sources 7%. This is another falsehood perpetuated by the left. Corporations don't pay income taxes. Consumers do via higher prices, lower profit margins, and higher barriers to entry for competitors. Besides, higher corporate taxes favor large corporations because they can absorb the cost. Smaller companies cannot. Tenchusatsu P.S. - If you really want everyone to pay their "fair share" of taxes, you would argue for a flat tax. No exceptions, no loopholes, no deductions, no nothing. Just set an income floor and tax all wages above that floor at a fixed percentage.