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If this jerk is so dumb that he permits business deductions from his personal income he and his family should starve. Every high school business student knows that R&D, all salaries (including personal), cost of expanion as well as dividends distributed are all deductible business expenses and those dollars from gross revenues are not taxed. Only net revenue or profits are taxed at the corporate level. I would propose that profits be taxed at 100%. This puts wealth back into the system and available to all participants. The problem we have now is too much wealth is controlled by only a few (the super wealthy and corporate classes) resulting in decrease demand for goods and services and it's resulting high unemployment. Why would anyone produce goods for which there is no demand? In other words in order for capitalism to continue to be successful the wealth MUST be contineously redistributed. If wealth (the ability to purchase goods and services) accummulates in one place and the majority (middle and lower classes) lacks wealth the system starves itself because capitalism is driven by demand. But worry not markets like nature are fundamental.
Stop your freakin whinning and pay your fair share. What do you think someone making $48,000 and paying over $7,000 in federal taxes and $2,000 in state taxes has left after supporting three kids and a household?? You are right, welfare never created jobs because of people like you who cheat the system and don't your fair share of taxes. What this scum bag is doing is worse than welfare. Poor people can no longer afford to pay for the rich or catch up their slack. If you got a big salary, should pay the most taxes. This sleaze ball and others like Dick Chenney, cheat the tax system (IRS) and never pay their share of taxes because the IRS is only concerned with taxing the poor. Pay up and Shut up. Enough of you already.... Who's monitoring the IRS?
IT'S REALLY UNBELIEVABLE THIS JERK THINKS WE ARE GOING TO "BUY" HIS SOB STORY. WITH ALL THE TAX DEDUCTIONS, FRAUDULENT DEDUCTIONS, ETC. I BET HE IS LIVING IN AN EXPENSIVE HOME AND ENJOYING THE GOOD LIFE. NO DOUBT HE IS ALSO COLLECTING A TON OF MONEY FOR THE LOBBYISTS0--AND LETS NOT FORGET LOUISIANA HAS A HISTORY OF CROOKED CONGRESSMEN, GOVERNORS, LOCAL OFFICIALS ETC. DOES HE REALLY THINK WE ARE BUYING HIS "BOO HOO" STORY? WHAT A JERK"""" ANOTHER TEA PARTY LOONEY TUNE?????
Did you even LISTEN? He isn't talking about what he carries around in his pocket or checkbook. He's talking about his BUSINESS, and what he has left over after all the taxes and expenses to reinvest in his business, to grow it and possibly EMPLOY other people in his community who could really, really use that work!! That's what businessmen DO. Yah, they better make a profit. And it hopefully is significant enough to ensure that they can keep giving raises, match the cost of living, and hopefully employ increasing numbers in the workforce!
I only WISH I had even $400K a year. I'd probably even settle for a hundred thousand, but yet this scum bag makes so much. And as another user stated, what the hell are his family eating that costs $200,000 per year!
Ok – what is the typical clientele of Subway? I suspect it resembles very closely the distribution of those that are posting on this board. We are the ones choosing to pay $30 for a family of four to eat a lunch at Subway that could have been made at home for a third of the cost. These people don’t just become the evil rich. We make them who they are. And now we want the government to go after them because we are too lazy to make our own bologna sandwiches. Capitalism shouldn’t be expected to work this way. We are quite capable of saving our money so that we can make our own investments so that the have-nots can gripe and complain that the government isn’t stealing from us what we legitimately earned unless that is we are blowing what should be saved at the local Subway. We can’t expect the government to give us a free lunch just because we paid some other guy too much for our last one.