According the Parade Magazine,

http://www.parade.com/articles/editions/2008/edition_04-13-2008/Intelligence_Report

'A 2004 U.S. Government Accountability Office (GAO) study found that 61% of American corporations, including 39% of large companies, paid no corporate income taxes between 1996 and 2000. Last year, corporations shouldered just 14.4% of the total U.S. tax burden, compared with about 50% in 1940.'

'While companies are getting off easy, thanks to loopholes, ordinary wage earners are getting stuck with the tab.'

So what do you think about giving corporations welfare?

Think you have to take that information with a grain of salt. Though such presentations by the topic creator does send the sensationalists of this group into euphoric animosity.

The top 20% of wage earners in American pay 80% of the total income taxes.

That means the lower 80% pays 20% of the total income taxes.

Corporations pay for all those wage earners and provide all the jobs and most pay for health care as well. The more you tax them, the less they earn, the less they contribute, and the less jobs they can supply to allow for the collection of income taxes from the top 20 and lower 80 percent.

Starsailor,

I'd like to know from what source you get those statistics from.

The statistics I cited came from the Government Accountability Office (GAO).

I thought so.

Conservatives cite statistics they can't back up with hard data.

Your killing me. This is easy game to pick apart and tear your propaganda post apart sailor.
I have to go for now, but Ill be back later!
Peace!!

What? You posted that at 10:15, I went out. Sheesh.

And, here are your facts:

"According to data from the Internal Revenue Service, 1 the top 1 percent of income earners pay nearly 35 percent of the income tax burden; the top 10 percent pay 65 percent; and the top 25 percent pay nearly 83 percent. The bottom 50 percent of income earners, on the other hand, pay barely 4 percent of income taxes. By definition, then, it is impossible to cut taxes without the so-called rich receiving a share of the benefits." - Heritage Foundation - http://www.heritage.org/Research/Taxes/BG1415.cfm#pgfId=1123854

I suggest reading the entire article for it is incredibly informative. The Myth and Realty of Taxes. They back up everything they say through the Internal Revenue Service and other legit sources.

And as to this statement I made:

"Corporations pay for all those wage earners and provide all the jobs and most pay for health care as well. The more you tax them, the less they earn, the less they contribute, and the less jobs they can supply to allow for the collection of income taxes from the top 20 and lower 80 percent."

This is simple Economics 101. I am not necessarily talking about HUGE corporations like Wal-Mart and places like that. But there are local grocery chains in PA that would fit in there. Like Giant, Boyers and such. Also included in this would be DEKA and others.

You raise taxes on the rich, recognized at $99,900 (which I don't see how that is considered rich) and up, the ONLY people hurt by it will be the middle income and low income workers. When you raise taxes on the rich they will have less capital to spend on workers and investments. This will cause either a decline of wages or benefits, or will cause layoffs or no further hirings (no company growth).

This will ONLY hurt all middle income and low income workers. Plus, it will prevent from the growth of technology and goods to flood the market for consumers. That will in turn cause these goods, because the burden is higher on business owners, to rise in price either because of lack of supply or the rise of the cost of input. And, the consumer HAS to often purchase these goods, they simply cannot, and thus they are paying a higher price and it is in turn hurting them yet again.

just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers, which is 65,000,000 people! Further, the tax rate for the bottom 50% is only 3% of adjusted gross income ($27.4 billion / $922 billion), and the tax rate for Exxon was 41% in 2006 ($67.4 billion in taxable income, $27.9 billion in taxes).

Exxon Mobile earned 40 billion in 2007 AND THEY PAID A LOT OF TAX!!!

Exxon Mobile paid 30 billion in taxes in 2007!!

Starsailor has it right.

You're quoting the Heritage Foundation?

Hardly an unbiased source and definitely political.

If corporations want to 'help' middle and low income workers, why are a lot of them moving their operations overseas and laying off workers in this country?

Answer: To hire foreign workers who will work for less money without benefits.