Geithner: Obama seeks 28 percent corp. tax rate

Why don't they lower the tax rate for small business owners who end up creating the most sustainable jobs. I pay 15% federal taxes, 15% self employment, + local state taxes. I am a small business owner making less than 50K per year and am being taxed more than giant corporations and the wealthiest Americans? I am not asking to not be taxed but taxed fairly.

Geitner, I want to see GE pay taxes!

No matter the tax rate, anyone that thinks that consumers are not paying these taxes is a fool.

Just remember, that whatever the government can giveth before an election the government can taketh away after one.

Stand back everybody, it's election time. Tell me what do you want to hear and I'll say it.

my tax burden has gone up the last 3 years. the withholdings on my pension literally tripled. Also I'm unable to write off tax preparation fees as they don't total a certain percentage of my adjusted gross income. That's just the facts. My net income on my limited/fixed pension has gone down over the last 3 years while the cost of everything has gone up

Timothy Geithner didn't pay any Social Security and Medicare taxes for several years while he worked for the International Monetary Fund. In 2006, the IRS audited Mr. Geithner's 2003 and 2004 taxes and concluded he owed taxes and interest totaling $17,230. The IRS waived the related penalties. I bet they won't waive yours:-)

Think of the money that could be raised if the lobyists were banned and the tax loop holes closed. Go back to the Tax rates of the 30's and 40's. These people were just as rich, even paying higher tax rates. All I see is a group of rich people trying to protect their rich backers and their friends.

This is the system that allowed GE to pay zero in taxes so what does it even matter what the rate is set at the corporations aren't going to be paying anyhow

The whole progressive party is as hypocritical as it gets. Either he can't make up his mind whether taxes and regulations should be hightened or lowered or this is just another election year pile of crap.

How is this a good idea now and not in January 2009. Ah yes. Another re-election gimmick.

Give tax breaks to companies who employ full time US citizens in a decent job with benefits. Eliminate tax breaks for outsourcing. The only difference would be to raise the tax rate so this tax break is more beneficial. The biggest threat to jobs is outsourcing and building factories and offices outside this country.

I want Geitner's 0% tax rate.

If he is so worried about jobs going overseas, why is Immelt one of his jobs Czars?

is this the same Geithner that REFUSES to comply with an August 2011 subpoena to testify about JPMorgan's demands for $8.6 billion in collateral from Lehman before the company went under,?
Geithner, is a known TAX EVADER

Any corporate tax is passed to the consumer anyway. Higher taxes means higher priced goods.

More lies. Real issue is to raise taxes on American business interests overseas. In which case, they will simply move overseas.
"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government, lest it come to dominate our lives and interests."
Patrick Henry
1736-1799

Sadly, we are all the puppets of the government and we don't even realize it. If we really want to see change then we are going to have to push back against the government. Politicians usually enter politics with good cause and reason, but once they sip the power from the holy grail, they are hooked for life and will do anything it takes to hold onto that power. Rather than pointing fingers and blame at eachother and the government, we should be uniting to say that enough is enough. For me, it's time to live a self sustainable lifestyle so that I do not have to rely on anyone, especially the government.

Bring jobs back to America, broaden the tax base, increase the GDP - simple economics these folks should've learned their first year or two in college!

A Corporate Tax is two things:

1) A Hidden Tax On The Poor & Middle Class! When ANY business determines the price at the register for it's goods or services, they take into consideration ALL operational costs: Labor, Overhead, Taxes, Materials, etc... If any one of the costs go up, they have to increase the price of their product or they'll go out of business. So what happens is the cost of the tax gets rolled into the price of the product and the poor and middle class end up paying it! It's not a tax on corporations! It's a tax on us, but most of us are too stupid to realize it because it says corporate tax! They are taxing YOU the individual, and obfuscating that fact behind class warfare!

2) A form of class warfare that attacks itself. What I mean by that is that not all corporations are large multinationals. Most are just mom & pop shops that incorporated to simplify their taxes. These shop owners generally make as much or less than your average college educated business professional, and it does't make sense to give them this double tax, which is first a huge tax against their business, which limits their profit and ability to pay salary ... and then to tax the salary with income tax. So as I said, it's supposed to be class warfare bidding the poor and middle class against the rich ... only the effect is that the poor and middle class are attacking them selves.