Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
American Corporations: Workers Pay Taxes, Not US!!!
Posted
August 22, 2015
Views
92,902
Likes
3,195
Comments
555
Engagement
4.04%
August 22, 2015
92,902
3,195
555
4.04%
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Over the past few decades, corporations have taken over the body politic via a concerted effort to place their henchmen on the Supreme Court. Now the average American citizen has zero say in policy while the donor class has complete control. A look at the current US tax code shows what they’ve done with that control. Cenk Uygur, host of the The Young Turks, breaks it down. Tell us what you think in the comment section below.
"The U.S. federal government is bringing in more money in taxes than ever before. Over $2.67 trillion has come in so far this fiscal year, according to the latest Treasury Departmentreport. That's a record -- in dollar terms -- for the first 10 months of the year (the government's fiscal year ends in September). Expect 2015 to finish at an all-time high.
So who pays the bulk of U.S. taxes? The burden has shifted from companies to individuals over time.
In the early 1950s, corporations accounted for over 30% of U.S. tax revenues. Today, businesses pay about 11% of taxes, according to the U.S. Treasury.”*
Read more here
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