In short, the American Dream is dying.
Further, TropicalMark had commented "EVERYONE paying taxes.. like the corporations that are being 'protected'", referring it seems to corporations I assume he believes are breaking some U.S. based law and not paying taxes. Mark, you need to give specific examples.
Your first quote above is correct, It IS dying unfortunately. Greed is strangling it to death.
Secondly, the US corporate income tax rate is 35%. Yet this year, Google, which made $5.5 billion in revenues, only paid an effective tax rate of 2.4%. Indeed, it’s not unusual for a corporation to pay only 6-7% in effective taxes.
Such numbers put you and me and most small businesses to shame. What gives?
It turns out that tax credits aren’t the only trick corporations use to evade taxes. From Intel to Bath & Body Works, most big American corporations have a subsidiary and income shifting scheme that radically skews the amounts they end up paying the IRS.
The feds would rather get what they can without changing the law: Google and the IRS negotiated for three years before coming to “an arrangement” that let the company execute its transfer pricing strategy.
What I meant by my statement is to eliminate ALL tax loopholes, negotiations, and deductions. I am a strong proponent of a fair flat tax system..