President Biden’s plan to push for corporate and billionaire tax hikes at the State of the Union address is a stark contrast to the tax policies implemented during the Trump administration. While some may call it tax hikes, I prefer to see it as tax restoration, bringing tax levels back to when they were more balanced and fair for everyone. It is essential to note that these tax increases are aimed at the wealthiest individuals and corporations, not the average American.
Raising the corporate tax rate from 21% to 28% is a step in the right direction, but one might argue that it should be restored even further to the pre-Trump level of 35%.… Continue reading
Exxon beats estimates, ends 2023 with a $36 billion profit. When I heard this news, I couldn’t help but have mixed feelings. On one hand, I was impressed by the sheer magnitude of their success. To generate such a massive profit is no small feat. It’s a true underdog story, showcasing what a company can achieve with determination and savvy business practices.
However, as I delved deeper into the topic, I couldn’t ignore the concerns that many have raised. The comments I read about laying off workers and hiding profits in tax havens left a sour taste in my mouth. It’s disheartening to think that a company can celebrate such success while simultaneously leaving employees jobless and evading their fair share of taxes.… Continue reading
Taxes added to middle and lower class to pay for the huge cuts for the top 5%
It’s disheartening to see that many people still don’t understand how taxes work. I often hear misguided statements like, “I didn’t pay anything last year, I got money back.” It’s crucial to realize that a tax refund doesn’t mean you didn’t pay any taxes. It simply means that you overpaid throughout the year, and the government is returning the excess amount. However, with the current financial situation and the need for more funds, we need to get used to paying more taxes. The government requires money, and it has already been spent.… Continue reading
Dan Price @DanPrice Seattle Suspicious how everyone blames the rising cost of a burrito on workers getting a $1 raise but not the fact that CEO pay has gone up 1,322% in the last 43 years. Last year Chipotle gave its CEO a $24 million raise and paid him 2,898x more than their median employee. 3:25 PM · 2022-01-25 · Twitter Web App
The median is lower than the average because the top earners earn more than a normal distribution.
What’s even more fun is that billionaires and top “earning” millionaires won’t even be on this list because they record $0 income. The average would be even higher with total earnings.
They make their money (or just support their life style) from moving around assets and selling assets which is not taxable income, it’s “capital gains”. And a lot of times shell companies are used to avoid taxable events. It’s all a big “legit” scam.… Continue reading
John Q. Hosedrinker 
Matt Underwood 
