Wednesday, August 20, 2014

Bellringer 8/20

1. The article describes how big corproations in the U.S. aren't wanting to pay high taxes and are merging with smaller foreign companies.  Many companies are participating in inversions to do just that. Newer studies show, though, that that U.S. companies didn't even pay in the top 35% rate.  The atrticle also explains all the ways U.S. companies have found loopholes to lower their taxes and shrink their bills. In other words,  U.S. companies don't pay taxes on global profits.

2. The purpose of taxes is to to get revenue for government fundings.

3. In my opinon, I think everyone should still pay taxes but weathier people should pay a little more.  Not too much more though since that would make people not want to be considered as wealthy. 

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