when Repubs say "SMALL BUSINESS", the mean THE KOCH BROS.
By filing taxes as "pass through" LLC entities, many HUGE CONGLOMREATE CORPORATIONS, such as Koch Industries, Donald Trump, BECHTEL, McIlhemny ("Tabasco Sauce") and lots more,
ARE CONSIDERED TO BE "SMALL BUSINESSES" under IRS law.
When Repubs scream for more and more "small business" tax cuts (Obama has enacted 19 of them already) -- that is just one more way they are FUNNELING TAX DOLLARS at those ultra-wealthy individuals.
It's not the mom and pop restaurant, or the hair salon on Main St. -- it's KOCH INDUSTRIES who reaps the windfalls every time. Don't be so easily fooled. Fox News doesn't tell you this TRUTH.
You whine about poor people who pay no federal income tax -- why isn't there a peep about HUGE CORPORATIONS scamming the tax system, and paying little or no tax?
"The government has created some special types of corporate entities for small and medium sized businesses called pass-through entities. These types of organizations pass their profits on to the owners every year, so they don’t have to pay any income tax as a corporation.
The main reason this can work out to your advantage is because the money that is passed through to the owners isn’t subject self-employment taxes because it is treated as passive income. This means you don’t have to pay Medicare and Social Security taxes on the profits from the company."...
what a typical left wing loon. lie, lie, deny, deny. intellectually dishonest and morally bankrupt. if you'd stop your addictions to porn, booze, alcohol, drugs, tv, sexual urges, and give your life over to Jesus Christ, you would realize how wrong your views are. i will pray for your and your family that you come to know our Lord and Savior Jesus Christ.
Huge corporations pay little or no tax? Another flat out lie-see my other response. Check also with Apple and see what they pay. I have also told you before there are DIFFERENT kinds of taxes depending on the entity involved. This also includes the "rich" whom you want to punish and I have explained it all to you before. You really need to get out more and start reading more to educate yourself before you post this utter nonsense. You NEVER mention all the amazing benefits and good these industries have done for society and how they have made our lives so much better in so many ways, nor do you ever have anything good to say about this country. If they can get lawful tax breaks so what? If it helps them to thrive,create more jobs and grow the economy so what? I am sick of hearing you and the other libs who come here whining every day and the reality is you don't know how lucky you are to be here and to be able to appreciate the blood and sacrifice of those (our brave military and others) who made it possible. Try China, North Korea or Cuba or any of the other socialist-communist countries you love so much if you think they are better.
"I am sick of hearing you and the other libs who come here whining every day" - nosplit, nobody is forcing you to read this board. If you don't like the opinions of actual Sirius subscribers, you can just go to the NWS board and lie to each other there. Besides, you're supposed to be singing Sounds of Silence, right?
Nosplit I forgot to add, I am a moderate Republican, but there is a Huge problem in America, when you have roughly 47% of Americans on food stamps. And no it is not the current Presidents fault or Bush. I believe it is our desire for global domination. We simply cannot afford it. We need to turn our attention to internal problems & get out of the WW2 mentality. IMO.