Uploaded by RepAlanGrayson on
Two out of every three United States corporations paid no federal income taxes from 1998 through 2005, according to the congressional Government Accountability Office.
Nearly 7 in 10 businesses are exempt form corporate tax because they are organized as a "pass through" S-corporations or LLC's .
In addition, 99 percent of all independent enterprises in the country employ fewer than 500 people. This is the upper threshold that he Small Business Administration uses to define a "small business."
Likewise, the affluent can hire excellent accountants and lawyers to handle a myriad of issues facing them, an option that is not available to most middle class Americans.
We know that corporate taxes are primarily paid by the large Fortune 500 corporations and that the affluent don't directly hire Americans, businesses do.
Yet one in three Americans votes for a political party that advocates tickle-down economics. According to Wikipedia, he idea that tax breaks or other economic benefits provided by government to businesses and the wealthy will benefit poorer members of society by improving the economy as a whole.
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