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Some Pass-Through Businesses are Significant Employers
In the United States, most businesses are not C corporations. 95 percent of businesses are what are called pass-through businesses. These businesses are called pass-throughs because their income is passed directly to their owners, who then need to pay individual income taxes on it. Contrast this with C corporations that need to pay the corporate income tax on its income before it passes its earnings to its owners. Combined, pass-through businesses employ 55 percent of all private-sector workers and pay nearly 40 percent of all private-sector payroll.
Pros And Cons Of The Federal Estate Tax
Some good arguments in support for estate tax going all the way back to Teddy Roosevelt thought that estate tax was a good method of taxation for creating revenue and equality. The opponents argue that this is money that has been taxed before and hurts business!
What America’s 25 Most Profitable Companies Pay In Taxes
Taxes, fees, tarrifs, tolls, levies, bribes, tithes, tributes. Whatever we called them, taxes have been an unfortunate reality of life ever since the biggest monkey decided he wanted a piece of the smaller monkeys’ lunch. From that earliest protection racket, taxes have only gotten more codified and
Small Businesses and Their Income Tax Burden | Tax Foundation
Great information on small business tax burden. The characterize these businesses as pass-through businesses because their profit passes through the business directly. Article suggests that when these businesses grow they are hit hard
To Those Defending Trump's Tax Evasion Because it 'Was Legal': You're Missing the Damn Point
For example, in this country it’s perfectly legal to be an adulterous Grand Wizard of the KKK who hunts animals just for fun while believing that a woman’s place is barefoot and pregnant in the kitchen — but that doesn’t mean you’re not a bottom-feeding, deplorable pile of garbage.
Whatever is actually in Trump’s tax returns is worse than what the New York Times says
Trump is making clear that whatever is really in his tax returns would be devastating to his campaign. NYTimes took a gamble speculating on Donald's returns. All Donald had to do was release his returns and prove NYTimes wrong. He hasn't!
Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades
The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said tax rules that are especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.
Why the Trump Team’s Economic Promises Will Be Hard to Execute
Basically what is being promised by the Trump team doesn't match the plan unveiled in September. Economist are not clear of the effects. They claim that cutting corporate taxes will bring back jobs but experts can not reach the same conclusion when they run the numbers
Federal Debt Projected to Grow by Nearly $10 Trillion Over Next Decade
After seven years of fitful declines, the federal budget deficit is projected to begin swelling again, adding nearly $10 trillion to the federal debt over the next 10 years, according to projections from the nonpartisan Congressional Budget Office that reveal the strain that government debt will have on the economy as President Trump embarks on plans to slash taxes and ramp up spending.