On 4/8/2011 12:06 PM, Frogwatch wrote:
A corp makes a gadget and needs 10% profit. They get taxed at 20% on
that 10% profit (or .2*.1=.02) so they simply increase their price by .
02. Guess who pays that .02? The consumer does. Corporate income
tax is simply a way to make personal income tax higher without making
it so obvious. The only people it benefits are accountants.
This is silly circle reasoning.
You can reason a rat has more rights than you if you want to be
illogical.a corporation is a person: so they say and the courts agree.
Most Corporations pay little real tax. Not one pays the cited rates.
Most pay no tax to the US.
They make their mony in America on Americans but pay no taxes to support
the Republic.
They spend tremendous amounts of money to buy Washington. Maybe you
count that as their contribution.