duforsure (11,255 posts)
Why are people receiving social security having to pay taxes?
When large corporations and billionaires and millionaires paying zero in taxes? Democrats should message this to all seniors how they're being fleeced by the GOP.
DUmmies are such dolts, not even knowing that Revenue does not equal Net Income. For a business or an individual.
They also, per usual, fail to realize that corporations and millionaires pay LOTS of taxes. Each person and corporation has a massive amount of expenses which reduces their taxable amount of income.
Say your garden variety DUmmy makes $50k per year in salary. That is your gross income, as even DUmmies know that they wouldn't take home $50,000 a year. More likely after withholding and your out of pocket expenses, your taxable income is taxed at a minimal yet still oppressive percentage.
Same deal with Ralph's Widget Company. This mythical company brings in $100 million in revenue, but might pay nothing in "INCOME" taxes after deducting normal business expenses from the revenue received. Payroll, inventory, mortgage/rent take a large portion of that gaudy revenue total.
Taking simple introductory business classes in high school used to be required or at least encouraged. Apparently, that isn't happening any longer because there are millions of economic dolts walking around society.