Susan George Quotes
What is not fair now is that corporations pay less and less tax, which means that you and I pay more because we're rooted somewhere, they've got our address, right?
Tax Evasion is a felony. Tax avoidance is using legal loopholes to avoid paying taxes. However, as Hightower points out, every time a wealthy individual or corporation legally avoids a tax, the burden to make up for the lost revenue falls on the Middle Class for whom there are few tax loopholes. Also, they cannot afford the high-priced lawyers and accountants to find the schemes to use.
Tax breaks and deductions had become so prolific and complex that most of the larger corporations paid not only a smaller percentage of taxes than many small businesses, but also paid a smaller amount.
This became known as the Buffet Principle—that the very rich should not pay a lower tax rate than the workers who make far less money than they do. President Barack Obama used this principle by name in calling for the 2011 Jobs Act which would eliminate some of the loopholes and exemptions by which the rich could avoid some or much or their tax obligation.
Susan Melody George is an English film and television actress.
