I think that a lot of conservatives were liberal when they were younger. Many of us became conservatives once we got married, had kids and either star...
I think that a lot of conservatives were liberal when they were younger. Many of us became conservatives once we got married, had kids and either started a business or just saw our paychecks decimated by taxes and other deductions. Is this a common phenomena? Is there hope that others will become conservative once they "see the big picture"?
Thanks!
Tags: big picture, conservatives, paychecks, phenomena
Posted in Tax Deductions Q & A | 18 Comments »
Conservatives often point out that our corporate tax rates are the second highest in the world. However what they omit is the large amount of deductions and loopholes in the government, the IRS itself concludes that a quarter of corporations in the US don’t pay any corporate taxes at all. In effect even though the tax rate is lower in Ireland corporations pay more due to fewer deductions. Also European countries afford lower corporate tax rates by having MUCH higher taxes on income as well as employer funded entitlements. So are conservatives just misinformed that is it is cheaper to do business in Germany, or are they cherry picking the facts to starve the federal government yet again(by cleverly omitting the other taxes in Europe) and skirt the federal guidelines that are tied to the deductions?
Tags: business in germany, conservatives, corporate tax rates, corporate taxes, corporations, europe, european countries, federal government, ireland, irs, loopholes, misinformed, tax rate
Posted in Tax Deductions Q & A | 12 Comments »