Social Activism ,Political Commetary and Solutions
AmericaSpeaks TheVoiceOfJoyce Finally there is a reverse of Corporate Business taxation. Corporations have many loopholes to evade taxation overseas and in fact, limiting Corporations taxation overseas encouraged the off shoring of business and jobs. Corporations with subsidies overseas pay 5% on their income to the US Treasury. The American taxpayer is in a lose lose position now. First we lost jobs with every trade agreement, then we lost jobs when Corporations moved overseas and we lost wages when American workers were told to compete with foreign labor. Now, just like individuals who are taxed twice on income invested, the American Corporations are asked to pay their fair share and bring business back home, they’re crying that what’s already happened will happen again? Why should American business not share equally in taxation as the rest of us? America needs revenue to run . Next the Federal Government should tax all Corporate income for FICA deduction irrespective of income level. Every employee of a Corporation should pay the FICA deduction, independent of salary level. Everyone should pay their fair share. It’s patriotic!