Quote:
Originally Posted by Skybird
but individual offenders weaseling past their obligation to pay taxes. And especially when a big player not only pays hilariously low taxes of 1%, or none, but even gets tax returns from the IRS exceeding these payed or not-payed taxes, it should become evident what the problem is.
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Skybird you have to realize that in our country we have these things called tax deductions. The cost of certain expenses, either in whole or partial, are
by law allowed to be deducted from ones gross earnings before taxing the remainder. Mortgage interest is one of these deductions. Non-reimbursed medical expenses, other taxes paid (property tax for one), charitable donations and more are others.
I, hardly one of the super rich, was able to save 9K on my income taxes last year because of these deductible expenses.
So when these attack articles claim that corporations don't pay taxes they don't mention the millions of legitimate deductions involved to get that tax payment so low.