Monday, May 13, 2013

Corportations: Profits up 400% but TAXES CUT BY HALF! WORKERS: PAYROLL TAX HAS DOUBLED! Fair? NO!


In the past  twenty years, corporate profits have  quadrupled while the corporate tax percent has dropped by  half. The payroll tax, paid by workers, has doubled.
In effect, corporations have decided to let middle-class workers pay for national investments that have largely benefited businesses over the years. The greater part of  basic research, especially for technology and health care, has been  conducted with government money. Even today  60% of university research is government-supported. Corporations  use highways and shipping lanes and airports to ship their products, the FAA and TSA and Coast Guard and Department of Transportation to safeguard them, a nationwide energy grid to power their factories, and communications towers and satellites to conduct online business.


http://www.alternet.org/economy/ayn-rand-usa-20-years-corporate-profits-are-4x-and-their-taxes-have-fallen-50-meanwhile?akid=10427.294211.2EJXMR&rd=1&src=newsletter839254&t=5

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