DiverMike 5 #1 April 19, 2011 I'm not sure if I should blame the democrats or republicans, but based on income levels from 1989 I am somehow wealthy and must give thousands of dollars more to help the little people not pay taxes. For the same reason I jump off a perfectly good diving board. Quote Share this post Link to post Share on other sites
quade 4 #2 April 19, 2011 QuoteI'm not sure if I should blame the democrats or republicans, but based on income levels from 1989 I am somehow wealthy and must give thousands of dollars more to help the little people not pay taxes. Interesting. I'm woefully underemployed at the moment and my annual income is 1/5th what it was just a couple of years ago. I've never taken a DIME of government assistance and haven't collected any unemployment even after working more than three decades. Yet, I as an individual, still pay MORE in taxes than General Electric, a company that generated a revenue of $105 BILLION dollars last year. Go fig.quade - The World's Most Boring Skydiver Quote Share this post Link to post Share on other sites
mnealtx 0 #3 April 19, 2011 QuoteQuoteI'm not sure if I should blame the democrats or republicans, but based on income levels from 1989 I am somehow wealthy and must give thousands of dollars more to help the little people not pay taxes. Interesting. I'm woefully underemployed at the moment and my annual income is 1/5th what it was just a couple of years ago. I've never taken a DIME of government assistance and haven't collected any unemployment even after working more than three decades. Yet, I as an individual, still pay MORE in taxes than General Electric, a company that generated a revenue of $105 BILLION dollars last year. Go fig. And you made more money than their US holdings (you know, the ones they have to pay taxes to the US for), unless you lost more than 408 *million* dollars in salary last year.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
billvon 3,050 #4 April 19, 2011 >And you made more money than their US holdings . . . If only citizens could enjoy the benefits that companies could when it comes to foreign tax breaks! I'd be happy to deposit most of my salary in Belize, move all my stocks to a Belizean broker and pay Belizean income taxes on it. Sorta puts a crimp in the "poor overtaxed companies" meme the GOP likes to trot out at times like this, though. Quote Share this post Link to post Share on other sites
mnealtx 0 #5 April 19, 2011 Quote>And you made more money than their US holdings . . . If only citizens could enjoy the benefits that companies could when it comes to foreign tax breaks! I'd be happy to deposit most of my salary in Belize, move all my stocks to a Belizean broker and pay Belizean income taxes on it. If you can find work in Belize, go for it - and just like corporations, expect to pay US taxes on the money when you bring it back home. QuoteSorta puts a crimp in the "poor overtaxed companies" meme the GOP likes to trot out at times like this, though. US Corporate combined tax rate: 39.21% (OECD). We're surpassed only by Japan, at 39.54% combined rate.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
