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You got to remember, s corporations pay one layer of tax, corporations pay two layers of tax. so we basically see equivalent, but here`s the point. the rest of the world, they tax their businesses at an average rate in the industrialized world of 23 percent. our corporate is 35. our top s corporate, small business rate is 44.6 effectively. this is killing us.
-Paul Ryan
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You Got To Remember, S Corporations Pay

Paul Ryan
You got to remember, s corporations pay one layer of tax, corporations pay two layers of tax. so we basically see equivalent, but here`s the point. the rest of the world, they tax their businesses at an average rate in the industrialized world of 23 percent. our corporate is 35. our top s corporate, small business rate is 44.6 effectively. this is killing us.
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Regarding the economy & taxation: america's most successful achievers do pay a higher share of the total tax burden. the top one percent income earners paid 18 percent of the total tax burden in 1981, and paid 25 percent in 1991. the bottom 50 percent of income earners paid only 8 percent of the total tax burden, and paid only 5 percent in 1991. history shows that tax cuts have always resulted in improved economic growth producing more tax revenue in the treasury.
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Obama wants to take the individual small business tax to 44 percent, and the corporate rate - he says - down to 28 percent or whatever. but that really damages the small businesses. and it doesn't make us competitive. you got to take them both down to 20, because state and local corporate taxes are 5 percent.
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The united states of american business pays the second-highest business taxes in the world, 35 percent. ireland pays 11 percent. now, if you're a business person, and you can locate any place in the world, then, obviously, if you go to the country where it's 11 percent tax versus 35 percent, you're going to be able to create jobs, increase your business, make more investment, et cetera. i want to cut that business tax. i want to cut it so that businesses will remain in the united states of america and create jobs.
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This is a very important issue that the corporate media chooses not to talk about a whole lot, that we have an economic system which is rigged, which means that at the same time as the middle class of this country is disappearing, almost all of the new income and wealth in america is going to the top 1 percent. you have the top one-tenth of 1 percent owning almost as much wealth as the bottom 90 percent - 58 percent of all new income is going to the top 1 percent.
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Economists often talk about the 80/20 principle, which is the idea that in any situation roughly 80 percent of the “work” will be done by 20 percent of the participants. in most societies, 20 percent of criminals commit 80 percent of crimes. twenty percent of motorists cause 80 percent of all accidents. twenty percent of beer drinkers drink 80 percent of all beer. when it comes to epidemics, though, this disproportionality becomes even more extreme: a tiny percentage of people do the majority of the work.
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A book consists of two layers: on top, the readable layer ... and underneath, a layer that was inaccessible. you only sense its existence in a moment of distraction from the literal reading, the way you see childhood through a child. it would take forever to tell what you see, and it would be pointless.
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