TAXATION IS IT FAIR? IS IT USED PROPERLY?
- Wage and salary earners are the only ones who pay their fair taxes period.
Those whose main income is derived mainly from interest and/or profit , very often pay no taxes at all to Uncle Sam as recent evidence has shown in the recent case of G.E’s zero tax bill.
GE: 7000 taxreturns, $0 U.S. taxbill - Apr. 16, 2010
The elite spend large sums of money employing lawyers and accountants to avoid paying tax, thus money that should have been used to provide services, like health care, to the general public is diverted into the pockets of the wealthy.
The elite say greed is a virtue and, they certainly live by that creed except, and I say again except, when it comes to those that construct the buildings, roads and railways, manufacture and transport the goods we use etc., then it is a different kettle of fish.
Greed then becomes a terrible vice, especially when it is employed on behalf of wage and salary earners by the Trade Unions.
Warren buffet one of the richest men in the world says he does not try to avoid paying tax but still only 17. 7% tax on the millions he makes, whilst his salary paid office workers pay over 32.9% on the hundreds in their pay packets. Buffet is perhaps the only billionaire that is honest and get this, he supports the Democrat Party.
TaxProf Blog: Warren Buffet Pays 17.7% Tax Rate; His ...
WarrenBuffet Pays 17.7% Tax Rate; His Employees Pay 32.9 ... Is this Warren Buffet paid 17.7%tax raid and his receptionist's salary is in the ...
Wage and salary earners should not be afraid of paying tax if the tax bill is shared equitably and is used to provide, schools, universities, hospitals and other services that improve the quality of the life of the general public and progress for the nation.
Of course tax reform is needed that prevents the distribution of the nations wealth upwards, as is the case now, to the wealthy.
How the world's wealth is distributed - the top two percent own half
How the world's wealth is distributed - the top two percent own half ... assets of US$2200 per adult placed a household in the top half of the world wealth ...
To follow like lemmings the cries of the elite, less tax, less tax is self destructive.
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