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Originally posted by Cynthetiq
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This irritates me. I mean really really iritates me.
If you look at some of your bills, namely the telephone bill, look at for the GROSS RECIEPTS TAX. Know what that's for? It's the the CONSUMER paying the taxes on the total income of the phone companies profits. Yeah, I pay for it, you pay for it. WTF?
I read this and during the MOST PROFITABLE time in history almost NO taxes we paid??? I know there are some incentives etc to build business, but jeez, it just seems a little much.
Something to think about if you happen to be paying taxes in the next coming week.
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buddy buddy, just to offer you some perspective, the most taxed people are those who earns around 35k to 80k, once you hit a 100g, you can start to afford tax consultants (not tax accountants), of course there are idiots who are still handling their own taxes even with the 100g in income,
secondly, the corporation, who can afford an army of tax accountants and lawyers, usually pays an effective 15% or less in federal tax. to put things in perspective, one of the largest banks in canada, paid $6m in taxes, with gross revenue of 46billion, now you do the math
another published case, my good buddy Edgar Brofman Sr and Jr, crystalized a 2billion family trust out of canada and into the US tax free, now that is slapping other taxpayers in the face...
so that's life