spellcheckman's Blog

It's what I've been saying all along.   2/3 of all U.S. corporations don't pay any Federal Income tax and 68% of foreign corporations don't pay Federal Income tax.  GAO report to be released soon.  Just in time during the election year.  KCStar pg 2 8/12/08  cnn.com  8/12/08    2.5 trillion dollars in earnings by these corporations remain untaxed.

Taxes are a game.  Play it well and you don't pay any.  This is not a judgment on class struggle or patriotism or politics, it is what it is.  Clearly, the whole tax system is run by lobbyists and is several feet thick.  No one has read it all and the I.R.S. is immune from prosecution from giving out erroneous advice.  The tax code has been bought and paid for by lobbyists.  Don't expect a major overhaul anytime soon.  Such as a flat 10% rate.  A flat rate is the worst of worlds for everyone concerned.  The tax preparation people, the corporations, but not the average wage earner.  The tax prep people would go out of business because it would be so simple and the corporations being taxed at say 10% is millions/billions more than what they're used to.

The tax code is also slanted toward ANY legitimate business owner.  Check out the yellow pages to find out how many business owners there actually are in any town.  The average wage earner will make just enough to keep working!  It is by design by the owners of the country.  They need workers, you know.