Wednesday, August 20, 2014

Bellringer 8-20-14

1) This article is about the US cooperate taxes and weather they are to high or unfairly utilized. Heather Bresh the CEO of Mylan pharmaceuticals and the daughter of west Virginia senator Joe Manchin recently took advantage of a international loop whole called inversion. Inversion is a tactic in which a US company will invest or purchase a smaller an foreign company to take advantage of the lower foreign cooperate tax rate compared to the US cooperate tax rate.


2) The basic purpose of taxes is to raise money or generate revenue.


3) I don't think that anyone should have to pay "more" taxes. To me that is punishing the people for being smart with there money and or just making more. I strongly believe that everyone should pay the same amount of taxes. For example If someone makes 20,000 dollars year and the tax cut is 2 percent then someone who makes 200,000 should also get a tax cut of 2 percent. This is only fair to make the cut equal. Someone who makes more shouldn't be punished for thier income.

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