“The co-founder of Apple has said big corporations should be treated the same as individuals for tax purposes,” BBC News reports. “Steve Wozniak was speaking in Londonderry [UK] at a business conference.”
People are not taxed on profit, they are taxed on income, corporations should be taxed the same as people in my mind, that is how it should be, that would make things fair and right. That means corporations pay taxes on all of their revenues or people only pay it on a tiny amount called profit and until we rectify that the whole problem is just with us forever.
That is why the rich get richer and the poor get poorer and I am always for the individual being much more important than their training, same reason I created the Apple computer at the start, it was to empower the little guy.
Why do businessmen get to write off lunches and cars? If normal people did they would have more savings. That is really not fair, that businesses are not treated the same as people. A person would say, ‘my life is my business and I have to pay for my home, pay for my clothes, my food and what is left over if I make a little money some year and put it in savings, that is my profit’, but people are not taxed on profit, they are taxed on income. – Apple co-founder Steve Wozniak, May 30, 2013
Full article here.