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Originally Posted by cthulu23
I don't undersatnd this argument...because of loopholes in the tax code we shouldn't tax corporations or the wealhiest at all? How about we close the loopholes instead? Doesn't that seem more fair?
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Yes, definitely close the loopholes. But the professional polititians never will, that's where they get their power. Otherwise we would have a flat rate income tax or national sales tax. Both ideas are soundly rejected by both parties, they want to offer up loopholes in exchange campaign contributions.
I don't believe taxing large corporations helps us much if at all. The price of bread, gasoline, etc... just goes up and we wind up paying the tax one way or another. Why not get it from the source (us) in the first place.
If anyone knows I am curious just how much taxes are in something like a loaf of bread. I mean after the farmers. farm workers, shippers, truck drivers, packaging, warehouse and all their employees. grocery stores, etc.. all have their taxes added to the price of a loaf, how much is left. I would guess that taxes make up over 90% of the price, but I could be way off.