Most U.S. Corporations Pay No Taxes (e-book) (used book) | bookbook.eu

Description

2/3 of corporations pay NO tax; the wealthy pay under 18%; some buy yachts with tax money Two thirds of all corporations pay NO tax 25 actually got back $364 billion from our taxes The wealthy pay as little as 13% total tax Accumulate $1,000,000 with NO taxes-EVER Most corporations pay $0 taxes, yet the Supremes decided they can spend $ billions to influence elections because they have Constitutional "free speech" rights like real people. Many obtain government contracts by lobbying our "representatives" with "speech." GE actually got a tax benefit of 4.1 billion to cover taxes for years. abcnews.go.com/ We will have to make up the loss of tax revenue and pay refunds of $364 Billion to these same firms. Most rich people pay less than 18% total tax. Warren Buffett pays only 17%, Mitt Romney pays less than 15% and John Kerry, the winner, pays only 13% of income. We middle-class Americans pay over 35%--mostly payroll taxes: we don't even have a chance to pay less because our employer acts as agent for Uncle Sam. We pay FICA, Medicare, state, federal, unemployment, disability, family leave, health and our own pensions too. We need to get smart about taxes and use the IRS code to our benefit. We can avoid taxes on the growth of our tax-FREE IRS account AND the withdrawals from it. It costs nothing to set up this account. The IRS rules to maintain it are easy to follow. We don't need a lawyer and we don't need a foreign subsidiary either. Avoid taxes using the IRS code just like corporations do!