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Income Inequality and Fair Share
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Quote:Small business pays about 20%. Those large corporations are paying 30-40% after using those loopholes.They're using the loopholes to suppress their stated net income while simultaneously increasing their tax rate on paper only. Apple alone is holding billions of dollars in profit in Irish mailbox companies while lobbying for a tax grace period to bring them back to the US. I don't blame them for doing so, I know I would certainly do the same if I could, but I don't like the notion that a tax increase, any tax increase will hurt these companies in any way. |
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