A ‘Conservative’ vision for America – So Where Are The Jobs? – ‘REPORT: Corporations Pay Lower Tax Rates Than The Middle Class’
If corporations are the ‘job creators’ and Republicans keep telling us that all we have to do is cut taxes on business and THAT will create jobs…..then where are the jobs?
Longer term……………this more then our political infighting will destroy America.
The tax burden is slowly being shifted to the middle class, a middle class who’s wage increases are being stopped as they also lose benefits such as health care.
We are an economic ‘class’ society.
The wealthy and Corporations vs. the middle class and poor.
And as the wealthy and Corporations influence our politics more and more, they will cut safety net programs more and more – leaving the middle class and poor with low wages, fewer job benefits and fewer social safety net programs.
‘Large, profitable U.S. corporations actually paid just a 12.6 percent effective tax rate in 2010’.
‘That’s barely a third of the 35 percent corporate rate on the books, and it’s actually lower than the median effective tax rate for middle-class Americans’.
‘The number comes from a Government Accountability Office (GAO) study intended to clarify the terms of debate as lawmakers weigh changes to the business tax code’.
From : http://thinkprogress.org/economy/2013/07/02/2248801/report-corporations-pay-lower-tax-rates-than-the-middle-class/