In 2003 the Kerry's made $5,072,000. According to their own tax return they had an effective total income tax rate of 12.34%. Where as multi-millionaire John (two Americas) Edwards set up a corporation on paper to operate at a loss to avoid paying hundreds of thousands of dollars in social security and medicare taxes.
You see Democrats love to tax the producers, small businesses and high wage earners, but they never move to tax the wealthy, who make their money off "non-earned income"
The Steve Forbes Flat Tax Plan that Kerry and the Democrats said was a tax giveaway to the "rich" was a 17.5% flat tax. Kerry and others like them would pay MORE taxes under such a plan and the lower classes would pay less. How is that for "progressive"?
Who will Obama Tax?
Sub chapter S corporations like many small pizzaria's and such and other small businesses. While on paper they make mote than 250K much of that goes back into the business.
You ever wonder why the huge corporations make people like Obama their number one contributor? because they get all sorts of goodies put in the tax code for them like Nancy Pelosi did with the tuna company in her district that was tagged onto the bailout bill. Big buisiness loves the Democrats because they tax and regulate the small to medium sized business out of serious competition with the big boys.
Obama says that John McCain wants to lower tax rates for corporations - OF COURSE HE DOES - but does Obama ever tell you why??
We have the seond highest corporate tax rate in the industrialized world. The big international companies can move their plants to Mexico, Peurto Rico, Taiwan, South Korea, China, Malaysia etc... but small to medium sized business stuck here in America cant afford to move, so they are here paying this huge corporate tax rate while the internationals arent paying jack.
On top of that those domestic businesses have to recover those costs so they are forced to raise their prices. So who pays corporate income taxes... YOU DO.
Big business loves big government for that reason and people who get caught up in the class warfare nonsense like you have OT, are the biggest tools for the worst abusers of the system.
Even Halliburton picked up and left the country because they got sick of the taxes and the Democrats crap.... many thousands of American jobs lost.
Welcome to reality.
You see Democrats love to tax the producers, small businesses and high wage earners, but they never move to tax the wealthy, who make their money off "non-earned income"
The Steve Forbes Flat Tax Plan that Kerry and the Democrats said was a tax giveaway to the "rich" was a 17.5% flat tax. Kerry and others like them would pay MORE taxes under such a plan and the lower classes would pay less. How is that for "progressive"?
Who will Obama Tax?
Sub chapter S corporations like many small pizzaria's and such and other small businesses. While on paper they make mote than 250K much of that goes back into the business.
You ever wonder why the huge corporations make people like Obama their number one contributor? because they get all sorts of goodies put in the tax code for them like Nancy Pelosi did with the tuna company in her district that was tagged onto the bailout bill. Big buisiness loves the Democrats because they tax and regulate the small to medium sized business out of serious competition with the big boys.
Obama says that John McCain wants to lower tax rates for corporations - OF COURSE HE DOES - but does Obama ever tell you why??
We have the seond highest corporate tax rate in the industrialized world. The big international companies can move their plants to Mexico, Peurto Rico, Taiwan, South Korea, China, Malaysia etc... but small to medium sized business stuck here in America cant afford to move, so they are here paying this huge corporate tax rate while the internationals arent paying jack.
On top of that those domestic businesses have to recover those costs so they are forced to raise their prices. So who pays corporate income taxes... YOU DO.
Big business loves big government for that reason and people who get caught up in the class warfare nonsense like you have OT, are the biggest tools for the worst abusers of the system.
Even Halliburton picked up and left the country because they got sick of the taxes and the Democrats crap.... many thousands of American jobs lost.
Welcome to reality.