George Leppla wrote:
>
> On 7/17/2011 9:41 PM, Pete C. wrote:
> > From irs.gov, it appears that the capital gains tax rate is 28%, so your
> > claim of the rich paying 15% is way off.
>
> General Electric made $5.1 BILLION dollars and paid no taxes. LOTS of
> companies pay no taxes:
>
> http://blogs.suntimes.com/sweet/2011...s_avoidin.html
>
> http://www.businessinsider.com/16-mo...n-taxes-2011-3
>
> Why is it that the right wing complains about "those people on welfare"
> but would never think about closing tax loopholes for Big Business or
> Big Oil.... or farm subsidies?

We were discussing taxes on the rich, not taxes on corporations. The
rich are not paying only 15%, more like 28-35% or more, but the noted
"ordinary working stiff" is paying 15%.

The claims of corporations paying almost nothing in taxes are also quite
distorted, since they are referring to corporate income taxes only, not
the millions corporations pay in payroll taxes, unemployment insurance
taxes, inventory taxes, property and asset taxes, and many other taxes.