Total Taxes Paid "Rich" Actuary

[EddieC]

Don't forget that new Amazon tax.

I won't stop double counting until we're in the 3 digits IMO.

[asdfasdf]

Originally Posted by ADoubleDot

Wouldn't that be overly tough on startup businesses?

It would be overly tough on any low margin business, Apple on the other hand would be laughing all the way to the bank.

[MountainHawk]

Originally Posted by asdfasdf

It would be overly tough on any low margin business, Apple on the other hand would be laughing all the way to the bank.

Margins would just grow by the tax rate, no?

[Mel-o-rama]

My thoughts:

#1) I can't decipher the OP, but I agree in principle. MOST rich people pay higher income taxes by amount and percentage than MOST poor people (who actually get credits).

#2) hotkarl - awesome avatar - you're a genius!

#3) Obama sucks. (This last one always applies - regardless of topic.)

[The Left]

Originally Posted by Uncle Ted

What does this mean?

[asdfasdf]

Step 1 - cut a hole in a box.

[Not Mike]

This reminds me of a conversation I had with my 6-year old last week when he said "what's 6 times 8" and I said "48" and he said "that's wrong". On the bright side, he's only 6.

[WYGTLMTD?]

Originally Posted by SamCook

The corporation doesn't pay tax on the salary. The corporation earns money and pays 30% on their earnings. After the taxes they pay the employee.

This certainly explains a lot. Not to continue to jump on the band wagon, but do you honestly not understand that your third sentence contradicts your first? Or that company's pay income tax on income, which means profit, not gross revenues?

[DataDan]

did you think the mob was hungry today samcook?

[mathmajor]

I stopped reading at "corporation pays taxes"...