Mon Apr 28, 2014, 07:48 PM
PumpkinAle (1,210 posts)
One Chart That Shows Just How Screwed Up Our Tax System Really Is
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5 replies, 944 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
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Author | Time | Post |
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PumpkinAle | Apr 2014 | OP |
surrealAmerican | Apr 2014 | #1 | |
Squinch | Apr 2014 | #2 | |
Kelvin Mace | Apr 2014 | #3 | |
Bortman33 | Apr 2014 | #4 | |
hfojvt | Apr 2014 | #5 |
Response to PumpkinAle (Original post)
Mon Apr 28, 2014, 07:55 PM
surrealAmerican (11,142 posts)
1. thanks
great chart!
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Response to PumpkinAle (Original post)
Mon Apr 28, 2014, 07:56 PM
Squinch (47,333 posts)
2. That is an awesome chart of a horrible situation.
Response to PumpkinAle (Original post)
Mon Apr 28, 2014, 07:59 PM
Kelvin Mace (17,469 posts)
3. The way to look at that chart is "Return on Investment"
GE invested $129.6 million in buying congress, and got back $23.55 for each dollar invested.
PG&E - $14.06 per dollar invested Verizon - $6.42 per dollar invested Duke Energy - $9.63 per dollar invested I really wish I could get in on these deals with my IRA. |
Response to PumpkinAle (Original post)
Mon Apr 28, 2014, 08:17 PM
Bortman33 (102 posts)
4. Speech that is one
Sided is nothing more then a propagandist diatribe. Free speech would be a conversation where any cwhorepRATe monies spent to propagate a position, by law, should be required to equally fund opposing views, after all, any cwhorepoRATe entity serves people who hold differing views from cwhoreoRATion.
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Response to PumpkinAle (Original post)
Mon Apr 28, 2014, 08:20 PM
hfojvt (37,573 posts)
5. more of a table than a chart
you expect people to read numbers instead of looking at a graph?
It's actually pretty small potatoes though as far as "the tax system" I mean $27 billion is a lot of profit for four years, but the personal income tax takes in about $1,000 billion every year. In fact, just because that is the kind of guy I am, let me look up actual figures (numbers in billions) 2008 - 1,145.7 2009 - 915.3 2010 - 898.5 2011 (estimate) - 956 Figure that 2012 is another 900 billion. Total for 2008-2012 $4,815.5 Now total profit of those 25 companies for 2008-2012 = $165.67 billion total subsidy of those 25 for 2008-2012 = $8.6 billion. Let's eliminate the subsidies and tax the profit at 50%. Total gain of revenue = $91.4 billion. A lot of money, no doubt, but as a percentage of personal income tax revenue for 2008-2012 it equals just 1.9%. Not really a significant part of "our tax system". Now our corporation taxes did bring in a total of 2008 - 304.3 2009 - 138.2 2010 - 191.4 2011 - 198.4 (estimate) estimate $180 for 2012, and our corporate tax system, for all its flaws, brought in $1,011.6 billion from 2008-2012. It would be nice to have more complete statistics, like I do with the personal income tax, but this table DOES show why I, myself, do not freak out when Obama proposes, for the corporate tax system - to close loopholes AND lower rates. Sheesh am I long-winded. Is anybody still reading? |