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The problem is not payroll, but shareholder dividends, capital gains and share buy-backs, and the corporate debt to pay for all of these.
by jacknews 4y ago
The problem is not payroll, but shareholder dividends, capital gains and share buy-backs, and the corporate debt to pay for all of these.
- rayiner 4y agoDividends and capital gains are taxed. Why would corporate debt be taxed? Yes the problem is the payroll. Silicon Valley people engineers making $500k/year are the most under-taxed people in the country compared to European nations. Our corporate or capital gains taxes are unexceptional. It’s our taxes on the upper middle class—which haven’t been raised since Reagan-that are unusual. These people are the backbone of the tax base funding the welfare state in other countries.