Corporations Will Never Pay Their Fair Share and This Is Why...
Vložit
- čas přidán 26. 05. 2024
- Check out my book "How to Live On Almost Nothing" by clicking here: amzn.to/341g0wT
Paperback: amzn.to/3Z4tUoD
Check out Mint Mobile here: mint-mobile.58dp.net/7meoPg
No gimmicks, it's only $15 a month!
Ditch Cable and Get a Roku Box by clicking here: amzn.to/3JVo2Hy - Zábava
It's always a slow, slippery slope, nickel and diming people into submission. When I bought my house in 1994, 65% of my property tax went to the public school district, even though I did not and would never have children in the system. I was ok with paying because it was for the "greater good". Years later, when I was in financial distress during the recession, there was nothing to help me and I lost everything even though I'd been paying taxes for 25 years to benefit others. This is why people hate the government.
I have. Even a nurse for 35 years and love my coworkers. They do care about me. I am very lucky. We actually spend time outside of work.
maybe I'm a rare exception. Have some friends for over 40 years, and we met at work. I consider myself very lucky
Im more concerned about the hundreds of billions we sent to other countries every year.
“We” didn’t send it. “They” did it with “our” money without our vote and without our permission
Ironically I know a lot of people who are dead set against universal health care and billionaires paying their share of taxes and not reducing military spending.
I walked on air every time I left a job-I didn't hate the jobs, but a job never loves you back, so only happiness to leave.
Same here. Completely understand and know that feeling!
I'm in Canada with "free healthcare". I had to move to Ontario because the province I'm from Nova Scotia; it can take 8 years or longer to get a General Practitioner. In Ontario it's only 2 or 3 but that could change because our population is rapidly changing. The quality of healthcare is a mixed bag. Personally I would like to see a hybrid system.
I thought there was an option for private insurance in countries with socialized care.
Wait - 2 to 3 years to get a general doc?
@@tsa-wnc a permanent family doc yes. I should clarify I can get a GP if I wait at a clinic but that will just be your doctor for that day. Wait times are random depending where you are.
@@Teriyakicat Yes, I have been here in Alberta (moved here from Nova Scotia) for 7 years and still without a doctor.
I agree 💯.
We get what we vote for!
The modern income tax was not implemented in the nineteen forties, the federal income tax as we know it now was officially enacted in 1913
Same time as the Federal Reserve. Coincidence, I think not. 😉
@@ChristopherEvans-650 The only way to pay for wars is to use debt as money. What happened in 1917, 1941 and 1971? Coincidence 🤔
What burns me as far as fair share....aid such as child support,fuel assistance, food stamps, subsidized housing....then these people get a $5-7000 earned income tax return but they don't pay taxes on "aid income".
You don’t know what you’re talking about. I grew up in poverty and no one who gets things like food stamps or any other benefits is on easy street.
@@reneeschnarr6260 I don’t know, sure sounds nice not needing to worry about my food, housing, my healthcare and still get 7 to 10 grand in free money.
Again you don’t know what you’re talking about. I know someone who gets Snap benefits who lives on $1,350 a month. This is before things like rent, utilities and so on. Things like that vary from state to state. My neighbor lives on $900 a month pension from her job in the Post Office. She moved into the house nearest mine and her water has been shut off for over a year. The previous tenants skipped out without paying their bill and the property owner lives in another state and won’t answer his phone or sign the paperwork saying the previous tenants were the ones who ran up the bill. So she sends her son and grandson to my house multiple times a day to fill buckets of water so they can flush the toilet.
You think living in poverty is heavenly? You think we are all just sitting here in bliss?
I forgot to point out that the friend who lives on $1,350 a month gets $23 in snap benefits. That’s before any bills or rent is paid. In some states you can’t have $2,000 in assets to qualify for Medicare/Medicaid. And they can seize any assets you do have upon your death. The only reason my Grandmas house wasn’t stolen out from under her was a lawyer was able to find a loophole because her policy was old.
Corporate greed: currently raising prices because they can. The executives make their millions, pay for expensive tax attorneys who find all the loopholes written especially for their privileged clients, and they all get away with, mostly legally. So, some really don't pay their "fair share".
Corporations>>Politicians>>Bribery >> Lobbying>>Donations>>>>same thing, different names...keep the slaves in line and CONTROLLED.
BINGO - Yet they keep electing the same people cuz the other one's are mean. Wise up people.
I would like to see the US pay health, dental & vision care like other countries do.
I went to the dentist last week. I need a filling, I have minimum dental coverage through my health insurance. My fillings and office visits are Free. The dentist is recommending to get a bridge to attach to that tooth, fill in the space next to it and attach to the tooth on the other side of the space. Sounds good, right? Not, they quoted me $1700.00 for "that" bridge, not covered by the health insurance. $1700 for 3 pieces of porcelain, each smaller than a pencil eraser, hooked together! Said he can't fill the tooth without ordering the bridge; doesn't want to put in a temporary filling. My answer - then put in a permanent filling. I'm 73 years old, not spending that much on a 3 teeth, I can live with the space, just fix the cavity. The space is only there because the crown that's supposed to go there, fell out and they can't seem to figure out which glue is the super duper one to hold it in place. I took the crown with me in a mini Tupperware container as proof, I had one.
Said he can't do it, not part of the procedure, really, really pushing the bridge. I have an appt. this week with another dentist for a 2nd opinion. Wish me luck!
1955 Oklahoma Turner Turnpike between Tulsa and Oklahoma City. Was paid off in 10 years but the toll charges continue. Liars
Corporations should pay a bit more than they are now even if it isn’t at the rate of the average citizen. I do agree that healthcare should be provided to US citizens like other countries. One catastrophic health incident can bankrupt a person no matter what they have saved. It’s scary and only serves to further destabilize the economy. Many people can’t afford insurance or have minimal coverage so they never have checkups and have no advice in terms of preventative care. Without a healthy workforce you don’t have a healthy economy. I think it’s that simple.
where does the money go?
Industrial Military spending that is 3 times the rest of the world
On a smaller scale, I put in energy efficient windows and insulated my home to save on heating costs. The municipality I live in ups my tax assessment because I made improvements. So, I have a lower heating bill, but, now a larger tax bill???????????????
Wow I would never ever tell them about your improvements
P.S. Take a look at your phone and internet bill . . . Roughly 50 percent is taxes fees and surcharges 😢
Nala and Rocky never have to worry about paying taxes. 🥰
Pet food is taxed, vet supplies like annual shots required for licenses, pet licenses going higher in CA. They just don't have to worry. 😄
This lady is smart, that's why she is a millionaire. Also let me tell you why USA will never have universal healthcare..... Other countries don't have lawsuits, 500k student loans or administrative costs like USA, and I am an immigrant.
Doctors go through a lot in the USA, also don't know when they will get sued. Why would they do that if they don't get compensated well enough. Totally different environment from other countries.
Doctors are more than well paid here in universal healthcare; surgeons and specialists even better. Law suits for mistakes are rare...to rare if you ask me. Synonim for healthcare workers is gods in white.
Years ago I saw a video from a businessman sitting in his $400,000 car. And he was explaining that the reason the government allows businesses to not pay the same percentage in taxes is because of us worker bees. The businesses provide the workers to be taxed by the government and taxing all of us gets them a lot more money than just one business person and they want to make incentives for that business person to take risks and hire people and so on and so on. And I do remember that part about taxes being brought up in the debate and what also was said was you won’t repeal or change those laws because your friends also take advantage of those tax codes. You also made me think of a video of a young woman videoing herself trying to understand how taxes work and she says something to the effect of so if I earn a dollar but then it’s taxed and then I buy some thing and then that is taxed and then the dollar that bought some thing is taxed because the next person has that dollar it was just cute and sad at the same time her realizing our reality of taxation
I live where taxes are higher than the US but it’s a myth that people pay 50% in tax. Just like other countries businesses taxed on profit and corporation tax for big businesses of 25% on taxes higher than half a million a year. We ordinary folk pay no tax and families with children actually get tax credits. There’s universal healthcare, a reasonable social safety net and France is still a G7 country. Taxes don’t stop business. If taxes were higher in the US, it wouldn’t shut down Walmart or make them leave. Where would they go?
Walmart wouldn’t shut down, they would increase their prices to make up the difference. Every CEO to a corporation has a legal fiduciary responsibility to their INVESTORS. Not to their employees, not to their customers. To their investors. They have to make a huge profit or lose their jobs and risk legal consequences. Most people aren’t aware of that. I personally get taxed 50% or more. I have had to pay just about every tax there is. That is why people complain about barely getting by making $100,000. But schools don’t teach about taxes for a reason. I pay quarterly taxes. Then when taxes come, even though I claim 0 dependents, somehow I still owe another $5k on top of that taxes I already paid. Then I have to pay my property taxes, car registration which is just another way to tax us, then I fill up my gas tank where I pay more taxes. Then I sit on my couch that I paid taxes to purchase and watch tv that I paid taxes for, using electricity that is taxed.
Walmart might be a bad example, because a lot of low income people go there because they can't afford to go anywhere else (I see it all the time compared to going to somewhere like Target or better yet Macy's, etc.). If they raised their prices too much, then the customers would stop going there. Don't know where they would go, but Walmart would lose customers, shareholders be damned.
You might get taxed 50% on the margin, but not half of your total income. For $100,000, the marginal Fed tax rate is currently 24%, but the effective rate is 17%. The highest tax rate at a glance for state is California at 12.3%, but that's for up to a million, so at $100K, it's about 5.9% effective (Illinois is 4.95% flat where I live). So, with Federal and State, you're at 22.9% effective. Now, the property taxes could vary wildly, but I'll take the taxes for a typical house in my neighborhood north of Chicago at about $12,000 per year (people complain about their property taxes ALL the time here). That's 12% on $100K effective. Add that to 22.9 and it's 34.9%. Now, you could add sales taxes and gas taxes and anything else you have in your state, and I bet it would still not hit 40%. This would vary on how much you spend and how much you drive, of course. You could nickel and dime everything and split hairs on every bill, but when comparing to another country, say, it's basically comparing the basic income and property taxes.
I am constantly getting "the speech " from my liberal daughter and her even more liberal S.O. Every time they "sit me down to talk some sense into me" about corporate welfare and how no one should have to work and we should all just be a socialist country . I tell them EXACTLY what you just said. They ask me why I feel that way and I tell them because that's the way it is and I WANTED to work so I could have things. Not just a country of shared misery and no one having anything. I tell them to go read Atlas Shrugged and they just walk away shaking their heads at my ignorance.
People who aren't willing to work are either homeless or someone else is supporting them. Either a parent, spouse or the rest of us i.e. the government.
Tell them to move to a socialist country. If that's the way they want to live, then they can live on their streets.
Ayn Rand, who labeled those on public welfare "parasites", took Social Security and Medicare benefits at the end of her life.
Change the tax code. Go flat tax. 13% - 18%. regardless of income. No exemptions. No deductions.
Close the border. Knock politely at the door, do the paperwork and background checks, speak English, and get a job. We have soldiers on the streets and elderly choosing between meds, food, and heat. Sorry - but priorities to those who've served and paid their dues.
Fair? Define Fair. Who gets to decide what is fair? And who gets to decide who gets to decide what is fair?
Correct, fair is only a concept. "We the people'' shall create the fairness standards with penalty for breach of these standards.
@@donnamaco1 Exactly!
They have the best accountants that know every loop hole in the tax codes.😊
Yes and tax attorneys!
Corporations' (LOL) "fair share" is exatly zero.
Corps don't pay tax -YOU - do. When you raise their taxes, they simply raise their price to you. You pay the taxes.
You can't make a corporation pay tax. Their taxes are baked into the price they charge their customers. Their (LOL) tax is paid by us. We -the customer - pay that bill. YOU pay THEIR tax bill.
Just an FYI, Elon Musk did not create Tesla, Martin Eberhard and Marc Tarpenning did. Musk was just an investor until he came to have a bigger and bigger share of Tesla due to his investments.
yes, if companies have to pay more taxes, they'll say their "operating expenses" have gone up, so they'll just charge us more for everything.
@frankprit3320....or just pack up and hightail , to overseas🤨🤨🤨🤨🤨......................
I agree, sis, people are too attached to their jobs, and people are not your friends! I ended my last job few months ago, i had one coworker say im her friend, now i dont hear from her anymore! I cant tell you how many people have told me we will get together , but it never happens! Im the one that usually reaches out, but its very exhausting!
We could have free health care and college with the money we waste on foreign aid.
Unfortunately, it is not an aid, but funding wars your elites caused in order to keep exploiting the rest of the world. You are similar to german citizens seventy years ago, who did not realise what was really going on, until after the end, when propaganda was over and facts brought to the public.
PP, you just told us how to boil a frog!
Another super video. I've been telling that to CERTAIN people for years and they just don't get it. Pretty scary when I get it and the college grads don't. Ugh.
The dog on the couch cracks me up.
Oregon, the land of no sales tax, now has a tax on new cars, but it’s called a privilege tax!
That's what's wrong is small business people have to pay so much and they can't afford anything anymore
How do they spend so much? They SEND IT TO OTHER COUNTRIES!!
Just a video idea for you Prepper Princess - I know you worked a low-paid job for a long time and you’re clearly smart. What advice can you give people who are underemployed (skills above job) to cope with it? I have a job with lovely people and no stress but I’m capable of so much more and had a much more challenging job before. I’m having to train my ego to not care what people think (if they even think anything). This is a big topic and I think could do well. I’m trying to focus on having challenges outside of work e..g language learning, my own channel etc. and not take my self-esteem from being good at a hard job like I was before. I’m trying to embrace my new easy, stress free life and not care that I barely use my brain at work.
Thank you very much for sharing with us, Prepper Princess.
We really do appreciate your time and your work to make these videos.
✨⭐✨
Companies have to make more profit than what an investor can make by buying a bond with a 100% guarantee of repayment
The employees at medical facilities in countries who get free healthcare are severely underpaid. In the UK doctors make between 32,000 to 126,000 pounds per year. It can take many years to get to the high end of that pay scale. In the US nurses are making upwards of $150,000 a year with very few years of experience. The reason why healthcare workers in the United States are able to make a livable wage is because we pay for our healthcare. It is my belief that people who dedicate themselves to a life of study and sacrifice should be well compensated for it. There are so much more I can continue on with this particular subject. I do believe that we should as a nation care for the people who do not have healthcare and cannot afford it.
I have been a nurse in the US for 30 years and I have never made anything approaching $150,000, about half that or slightly over is more realistic. I still work full time and will for another 3 or 4 yrs.
@@elizabethengquist4185 You can absolutely make $150,000 a year a nurse. Especially since you have the years of experience despite the type of degree you hold. Now it may depend upon the state and the nursing position that one holds. When I lived in New York City as a brand new graduate nurse with an associates degree, I made $150,000 between two jobs. I only worked the two jobs because I wanted to get the experience. As the years went on I furthered my education so I could get better nursing positions that afforded me the ability to work one job and still make a high salary.
Hi Princess!! Naive people have a very unworldly idea of fairness.
Love your doggies!!❤❤❤
Income tax. Then property and sales tax for expenses paid for money that has already been taxed. It’s not hard to understand.
Income tax was originally ONLY charge on FEDERAL GOVERNMENT WORKERS!!
Actually, a lot of this is not true. They kind of have paid their fair share in the past. When marginal tax rates on "the rich" were very high (71% to 92%), GDP growth rates were higher (4%) than when tax rates were lower (28% to 39%) growth rates were only about 2%. Also, many companies didn't invest their tax savings into the business when the tax cuts were implemented in 2018, but they bought back their stock in order to increase their share prices. They also cut many jobs instead of investing in more jobs.
A lot of the wealth in America isn't earned income, but capital and capital gains, which is at a relatively lower tax rate. They really don't have to "work" or "innovate" to get this income, not like profits from a business. So, the only incentive is to get more money.
I am an American living in Australia for some time now.
The tax system here is fair indeed and also ensures public health etc. individuals have a sliding scale for taxes depending on annual income - from 0-45% and all businesses pay - large businesses pay flat 30% and small/medium businesses pay 20%.
Tax funds also are used to offset prescription costs and the govt owns utilities and public health and transport so that is beneficial!
It was such a learning curve to see taxes used properly.
I will also add you were correct about holiday time - 4-6 weeks per year, after ten years in public service there are three months long service leave and above all, pay rates are fantastic! Strong industrial relations legislation and active unions work together - i get 3% yr plus tax free fringe benefits.
Public service jobs here are police, fire, rescue, nursing, teaching, politics, etc (which also are overseen by tight ethics legislation).
Home can indeed use Australia as a blueprint re taxes and how to use them. Oh, btw, even though i live overseas (22yrs) i still have to file US taxes and pay in some instances!! I just paid $2300 to have my US taxes done! Greed at its best!
Thanks for your videos and for not being one of ‘those’ peppers. Been watching you for years now.
Much of what you state is so true, however, I traveled to Australia on business 30+ years ago and was shocked at how little appeared to be in the stores and prices were very high on imported goods like electronics due to tariffs and also VAT’s on other goods. Basically, in addition to income these are extremely high taxes for ‘consumption’ and it seemed to me that everything was then much higher priced than the USA for housing, refrigerators, computers, food,etc.
@@maryrenaud6732 with all due respect, that is a pretty outdated frame of reference, and I would question how much you could really understand about things on a business trip. I have now lived here 23 years. We have plenty and not bare shelves, we are paid extremely well - $100k plus. Taxes are used very well and for the greater good so all benefit. I truly believe this is what we should be doing back home. As a dual citizen I am blessed, I am also well poised to draw comparisons.
It started with by President Woodrow Wilson. The Revenue Act of 1913, also known as the Underwood Tariff or the Underwood-Simmons Act re-established a federal income tax in the United States. The act was passed by the 63rd United States Congress, and signed into law by President Woodrow Wilson. Then went right into the robber baron Federal Reserve System, the central banking system of the United States.
Your so right on being not your friend at work i was suppose to hang out twice with i thought was a friend never happened 😢
albeit out health care is not great, I surely wouldn't want free health care. People wait months and months to get seen, they have equipment shortages, I've heard of stories that people have died while waiting for what they needed. Look at Canada's free healthcare. Also, I know people who have absolutely loved their jobs and also made life long friends there. True, that doesn't happen very often but it happens.
Prices of goods can't get too high because there will be cheaper imports.
But if imports are not allowed, then there will be smuggling.
Yup, on the taxes laws. I have a Tax Preparer. Gates, Musk, Trump, Oprah have Tax Lawyers telling them how to avoid troubles with the IRS.
exactly, running a business is a hassle. they are already charging us more for things because of the raise in min wage and people keep buying stuff
one of the illusions of min wage raises
Corporations raise prices regardless of taxes.
Yup! Some people don’t want to read anything in history!
THE BOILING FROG…… ⬅️🐸🐸🐸🐸
Indeed, raising taxes on business will cause more inflation. Even when the minimum wage goes up, the cost of everything also goes up and now that raise is fairly meaningless .
HR25 is a national retail sales tax that eliminates the income tax (16th Amendment/Dec. 23, 1913). No individual filing except if you want the progressive 'prebate' for those at or below the federal poverty level. All federal programs are 'funded' through this NRST. the full 15.3% SS & Medicare is part of the 23% NRST, so, the actual tax rate is 7.7%. Business pays 7.65%. workers pay 7.65% = 15.3%. Ideally, business/employers could give the worker a 7.65% raise as they were already using that for their share. No business taxes so the retail costs ideally would go down 20-40% depending on the product and/or services provided. Dentists, doctors, plumbers, electricians, yards keepers, hair/manicurists...etc provide services. none pay federal taxes and therefore their operating expenses drop and ideally their retail prices would as well. No taxes for government purchases for their various projects and functions. No business-to-business taxes. Meant to keep retail prices down.
Business and landlords are very similar as they just COLLECT taxes and are a pass through that receive tax benefits for being part of the economy. Even renters are property taxpayers but without any benefits/write-offs. 1/12 of a rental house tax are being paid by the renter in their monthly payment. Leasing a house is the same. Taxes included in the lease payment.
Apartment dwellers pay property taxes but maybe not as high of a percentage as a single dwelling house rental.
In 🇨🇦 here, we get taxed big time. Our health care is failing and 20% of Canadians don't have a doctor. Thankful for our health care, but, it's failing. But I do love our country. I wouldn't wanna live elsewhere ❤ our tax on our fuel is crazy and the carbon tax is going up again in a few months. Hopefully the next election here will see a change for the better!
give me a list of things our government does well and cost efficiently, then answer why you want government in charge of your healthcare.
How about people getting shafted with $100k+ medical bills
I have Medicare and Social Security. Both have worked well for me. I have no complaints.
BTW your last video was also great I sent it to my son. He ain't real good with money but e's coming along. Also Happy Memorial day.
Truth 100%
Liked, subscribed, and shared. I love common sense!
The IRS was established in 1861 to collect taxes for the Civil War. Taxes stopped being collected in 1872. Next, in 1917, taxes were started again due to WW1. WW2 taxes were in effect until 1964, at top rates of 90%, to pay for the war effort. They dropped significantly after that. (England was voluntarily still on war rations through the 1960's.) Compare our rates to nations with excellent services. Ours are lower.
So true, I watched people get so emotional when they left, yet they hated their job! Too Many identify in life with the job and not the things that are more important in life other than a job. The job becomes their identify and when it is over they feel lost because they invested so much in a thankless job. If you are a small business owner at least you have a say in everything, you make the rules except the things that the government controls! Taxes never end!
Its not the job. They are going to miss their friends. They know there work friends but they care about them
Yes, I identified myself by my job. It’s easy to do when so many people ask “so, what do you do?” You end up being defined by it. It’s an easy trap to fall into, I felt lost and I haven’t made that mistake since. When I left that particular job, I didn’t miss the people, I missed the job. I never ask people what they do for a living; if they want to tell me then fine.
A young relative of mine was fortunate enough to get a full college scholarship from a well-known American corporation's non-profit foundation. Another example is the Bill & Melinda Gates Foundation which funds many worthwhile projects. Yes, the corporations receive tax benefits for doing so.
So I read once that Elvis Presley insisted that he paid his fair share of taxes.
when govt raises taxes on business you can count on layoffs.
It will mess up the Mayor's image. The Mayor will tell corporate not to move or to go bankrupt and he will remove taxes. He wants to keep the citizens in the city. If the city loses the corporation.. then Nobody will vote for him. Memphis needs their Fed Ex. Los Angeles needs their movie industries. New York needs their Mets.
Economics 101 - If you want to discourage a behavior, tax it; if you want to encourage a behavior, subsidize it. And what do we do in the United States?!
Do research. Canada's tax brackets are lower than the US. They have free healthcare. US income tax started 1914 to pay the private bankers that started the Fed in 1913.
Huh?! Income tax was implemented on high earners then to help pay for WW1 that we shouldn’t have been involved in.
corporations won't pay their fair share? that means billionaires who own the company stock like Jeff Bezos and Elon Musk will never pay their fair share of taxes
bingo. now go back and watch the video.
I've Only had one person I worked with that I stayed in touch with from a job I had all the way back in 2004
When I retire from my job, there are only two people I will keep in touch with when I leave, out of about 80 people. The rest of them, I will be happy to see the back of!
Your right about friends at work most of the time. I have one good friend I still see and talk t.o regularly. The rest never gave a crap
Elec, Bill Fees : Random. 'Customer Charge' , 4 - 5 other BS charges.
S corps and partnerships dont pay taxes because they are pass throughs. the income passes thru to shareholders/officers. they pay the taxes on their personal earnings on their 1040 taxes. The income is taxed just not on the corp returns.
4:25 just 2 weeks until we flatten the curve.
👏🏼👏🏼👏🏼 spot on!
Plus we will end up buying black market goods because those sellers will be selling under the table and not paying taxes at all.
flee markets
My name is Suzy and I was watching you. haha
Interesting. Thank you.
There were only three jobs I loved when I was still able to work. The first one was when I was working as a CNA. The residents became like family, and I did make a good friend that I am still in touch with. We have met up after I left and when she's in town we always set something up. We talk still and it makes me happy. The second job was when I was working as a housekeeper. I didn't stay in touch with those people, but the people I worked with were all awesome. I did get emotional when I left. The last job I was working at a grocery store. I really enjoyed what I did. I was in charge of the popcorn stand. Making different types of popcorn, keeping the shelves stocked and keeping my area spotless. It was a lot of physical work, but I had the energy to do it. The people I worked with were all so kind and were so excited for me when I was getting married. I was sad when I left that job too. I'd like to work again if I could, but I honestly don't think I would have such great experiences anymore with how the world is now.
Eggs at my grocery store went down ...
Comes down to either Capitalism or Socialism. You're spot on with the "fair share" of corporations.
People also forget, these billionaires sacrificed a lot to get what they have and many people that complain want to go home at 5 PM. They also are the one's creating the jobs for the rest of the population to have a way to make money.
Good Afternoon Princess 🌻
Business does not pay taxes, you pay them! The Walton family does not pay much in personal income taxes, you pay them everytime you shop there.
What I understand is rich people and corporations can afford lobbyists and congress people can be bought. Not all of them can be bought but enough of them that the “little people” just will never get the fairest shake. I’m sure it’s always been that way. I don’t dwell on it though. Through everything God is in control and I live a very blessed life irrespective of my bank balance.
I fell in love with my Huawei phone, my model has you tube, Google etc now it s over. We'll I really hope that we ll have the choice with an other system soon. I don't want an I phone and now for Samsung, they want you to buy every year a new phone, no. And yes I like high optic quality... So it s a big deal for me... I m searching... Something new 😊...
.
hello hon , thank you , for sharing🥰🥰🥰🥰🥰🥰.......................
Yes, corporations pass their tax burdens on to their customers. But, as a customer, I then get to choose how much tax I pay by which companies I choose to buy from. If I live like you do, my taxes would be very low. If I live like the Kardashians, my taxes would be stupid high.
The real reason the tax code for corporations is low is because they write the code.
Income tax started as a temporary measure here (UK) too, just a lot earlier.
Billionaires tend to find a way to use develop or adopt technology invented by other people-all the advances made by Microsoft and Tesla etc would have happened without Bill or Elon, just as the huge leap forward we made with the sewing machine would have happened without Singer-being a good businessman exploits what is already there, they are not inventors.
Huh a 1.00 doesn’t buy anything but maybe 1 can of food so yeah we are getting bent over big time every day .
you are right in truth .80 on every dollar gos to gov.
There are many reason corporations will never pay their "fair" share. One, depreciation expense, the IRS incentives capital investment by allowing businesses to write down capital investments ("improvements" on real estate,) however that write down is essentially a tax deferral as the cost basis decrease one-for-one. Second like-kind exchanges, in the same fashion as depreciation, the IRS incentivizes capital investment by allowing business sell assets with deferred capital gains as long as you purchase "like-kind" assets, bigger trackers, bigger factories, bigger warehouse, more units, etc. Third, the nature of business is fundamentally different than labor. A company derives its income and profit from assets, not labor. The income and profit come from you the consumer, either directly (i.e. a hamburger) or indirectly, farm equipment used to grow wheat that some baker buys to make buns, that McD buys to make a burger. So, corporations don't pay taxes, you actually pay the taxes for the corporation through your consumption. A corporation doesn't have an 8-hour shift and in exchange gets some dollar amount, it get a return on its assets and paid out labor. IF you tax all corporations, they will still get the profit, they will just charge you more as they know all other corporations will do the same, so in the end, corporation pays zero taxes. You pay all the tax anyway. Actually, some corporations that can game the political system (rent seeking) can end up paying less taxes that their competitors, resulting in a higher corporate tax rate leading to higher profits (since the new taxes gave cover to higher prices) for said unethical firms.
This is why we have so many homeless why work full time when you still can't cover the cost of living...may as well buy a decent car and live in that
I agree with you when you talk about taxes and corporations, however I completely disagree with coworkers not being your friend after you stop working together.... I have many coworkers, even prior bosses, thay I have remained friends with once we stopped working together.
Same.
I never got attached to people who I worked with. Burned many bridges. My social life was outside of work environments.
Agreed! You take a hell of a financial risk starting a business as well. You also provide jobs for people.
Yes, starting a business is a risk. But, the CEOs at most organizations don’t risk anything and make millions and leave with millions even when they do a poor job. Everyone else gets fired and leaves with nothing when they do a poor job. Crazy.
The NHS in the UK is not free, we pay national insurance contributions for our treatment. This comes directly out of your wages if employed by a company or you pay it at the end of the tax year if self employed.
No one thinks it is free.
And everything costs more, according to complaints I see.
To me that healthcare is crappy-gma waiting for 6 months for hip surgery, etc.
Sounds logical to me . Good video!
Hi Amber your hair looks very nice.
Aweeeee the puppies ❤❤❤❤❤❤❤