The top 1% of income earners paid 39.4 % of all taxes paid.
The top 1 percent of taxpayers accounted for more income taxes paid than the bottom 90 percent combined.
Top 50% of tax payers paid 97.3% of all taxes paid.
Because the US was taxing foreign made profits at an unrealistic rate, in addition to the taxes they had already paid in those overseas countries, many companies were moving headquarters out of this country. It had become MUCH cheaper to operate out of the US due to heavy taxes, so they did. It made overseas owned companies have a huge advantage over US owned companies in the same markets. Recent tax law changes fixed this so now a US owned company with overseas branches can stay in America. SO yes, those companies who were paying taxes twice, got relief as even the demo crats realized that killing the goose that lays the golden egg is NOT a good ideal. Continue to vote for bigger government and irresponsible spending, will always cost you more money.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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