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Class warfare endures

April 26, 2014

WASHINGTON — Probably no single episode did more to assure President Obama's 2012 re-election than that supposedly private fundraising lunch at which Mitt Romney famously declared that “47 percent o......

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Apr-29-14 11:01 AM

Class warfare has noting to do with what corporation pay or do not pay, but I will address your comment. I'm quite certain you have no idea how tax incentives and breaks apply to corporations. These are incentives offered to help a company expand or hire more people through improvements, the addition of new equipment of the expansion of a plant, which translates to more jobs. I know people like you believe everything a company takes in is profit, but you're wrong. Now, explain to me how welfare recipients create jobs outside the DHHR? They don't. Small businesses and major corporations create jobs, and yes, they are entitled to a profit. Something else I doubt you've ever done was take a corps gross income and calculate the tax they pay. I guarantee you it's not a small amount. Their taxes are proportionate to their income, less the incentives to create more jobs. Obviously, you've never been in business, else you would know that. More hot air from the left.

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Apr-27-14 1:30 PM

47% of individual/family earners pay no income taxes. Does anyone know how many corporations earn and pay no income taxes?

Excluding pass through entities, about 808,000 corporations reported net income for 2011. Of these, 58.7% had a tax liability. Math says 41.3% paid no taxes. Isn't it refreshing to see who this report details who is supporting these corporations? If you're going to single out "we the people" let's include them all.

source IRS

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Apr-27-14 7:07 AM

Minority and ethnic constituencies?

I'm confused. Is it class warfare or racial/ethnic warfare? Or are you implying minorities/ethnicity have something in common with income?

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