Let the Truth be Told About Large Corporations and Taxes

If you are involved with business or have a great deal of  interest in business, you probably already know this, but the majority of people will not. In an article written by The Washington Post America is now able to have the knowledge that all business-minded people do. Who can we thank for this? Bernie Sanders. Yes, the presidential candidate has exploited large corporations and what little bit of taxes they actually play.

In 2012 there were a total of 1.6 million corporations active in the United States. Seventy percent of those corporations has no federal corporate income tax liability. Even more noteworthy is the fact that 42 percent of large companies who exceed assets over $10 million, paid no corporate income tax.

Sanders, who is trying to get the nod for the democratic party, said, “Large corporations cannot continue to get more tax breaks when children in America go hungry.”

So, is this an issue of lying, concealing information, withholding information, none of the above or all of the above? That is a good question. Another question needed to be asked, who is responsible for this?

Lying and concealing information can both be described under that category of deception. Lying is intentionally saying something that is known to be fake in order to cause false belief in an audience. Similar to that, is concealing information which is a malicious failure to disclose information.

Withholding information differs from deception because the mean is unknown. The act may or may not be malicious. There is a lot of uncertainty that occurs when information is withheld.

To answer my questions above, I believe the situation needs to be looked at completely. First off, the government is to be accountable for a situation like this. It is up to the government to create equal rules and regulations for society.  Secondly, I believe that the government has been concealing this information. They are not lying about it, nor are they just withholding it. It is a mixture of the two, but in the end, it is a malicious effort to not disclose this information to the public.

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