Friday, August 22, 2014

8/20

1) This article is about the U.S. cooperate taxes and whether they are too high or unfairly utilized. Heather Bresh, the CEO of Mylan pharmaceuticals and the daughter of WV Senator Joe Manchin, recently took advantage of an international loop hole called inversion. Inversion is a tactic in which a company will invest or purchase a smaller foreign company to take advantage of the lower foreign cooperate tax rate compared to the typical U.S. cooperate tax rate.


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


3) I feel that people who make a lot more money should have to pay more taxes, because they can afford to. It wouldn't really be fair to make everyone pay the same amount considering what would literally make one person broke would not affect a wealthier person's finances at all. If they have that much money they should want to support the country to a certain extent, as long as they aren't wasting and taking advantage of the money they take/

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