SUBSIM Radio Room Forums - View Single Post - IMF Says US Budget Requires 35% Spending Cuts and 35% Tax Increases

Platapus · 07-15-11, 10:33 AM

I would be happy if there were no increases in the tax rate, as long as people and corporations actually paid those tax rates.

We can have tax rates of 100% but if there are loopholes and deductions that bring the actual tax I pay down to single digit percentages, the rate is meaningless.

Some complain that the US has the highest corporate tax rate in the universe. But how many corporations actually pay anywhere near that rate?

07-15-11, 10:33 AM	#5
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,439 Downloads: 63 Uploads: 0	I would be happy if there were no increases in the tax rate, as long as people and corporations actually paid those tax rates. We can have tax rates of 100% but if there are loopholes and deductions that bring the actual tax I pay down to single digit percentages, the rate is meaningless. Some complain that the US has the highest corporate tax rate in the universe. But how many corporations actually pay anywhere near that rate? __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.