What If You Were Taxed Like a Multinational?

[antigop]

http://www.investopedia.com/articles/personal-finance/041216/what-if-you-were-taxed-multinational.asp

As you endure the expense and drudgery of finishing up your tax returns before this year’s delayed April 18 deadline, let’s look at how things would be if Congress taxed you like an American multinational corporation.

I’ll give you the good news first because the bad news, which I’ll leave for last, may make your blood boil.

The good news is that the income tax would be a source of wealth for you, were your family taxed like a multinational company.

That’s hard to believe, I know, because it’s nothing like what we hear in the news at tax time. But it’s well known to the country’s top tax practitioners, professors of tax and accounting and, of course, senior finance executives. They know how the tax system really operates, as I explained in my book Perfectly Legal, and as I teach my law and accounting students at Syracuse University.

eta: " If Congress called in all those loans, the one-time surge of revenue would be enough to cut your 2015 income tax bill almost in half."

[TlalocW]

1. I've wanted to talk to a tax guy

To have him treat me like a corporation when doing my taxes.

After all, if corporations are people, then tautologically, people must be corporations.

TlalocW

[Scuba]

2. My rate for 2015 was 18.45% much of which is spent protecting shipments of crap from China ...

... and shipments of oil in all directions, despite the fact the US is a net exporter.










Anybody know WalMart's corporate tax rate? Exxon?




.

[Warpy]

3. My rate went down this year, mostly thanks to the dive in oil prices and stocks

but yeah, something like 55% goes to killing brown people around the planet.

The Pentagon needs to go on a diet. The rich need to cough up.