Quote:
Originally Posted by Tully Mars
I wonder how many large corporations such as GE, who also paid no tax or even got refunds and rebates, it would take to make up for the 50% of people who make so little money they don't pay taxes?[COLOR="DarkSlateGray"]
|
Well, you won't hear me arguing that large profitable corporations should not be taxed. They should certainly pay pay taxes on their profits (if they have profits.)
But something besides corporate tax law is broken if a family of four taking in $50k can get away with paying no federal income tax at all.
$50k is hardly
so little money
$50k is about 7 times the minimum wage
$50k is higher than average teacher pay in 36 states
$50k is higher than starting teacher pay in every single state
$50k is more than double the federal poverty guideline for a family of four...
It's apparent from this that it is not just the super-rich and corporations that aren't paying their "fair share."
Lindy