Do you have an example of that? Pick a publicly traded company and look
at their balance sheet and financial statement. Profits = taxes. If they
were an expense they would reduce the profits.
Profits are what you have after expenses. So the tax expense is built in to
the cost structure. XOM may not pay any US income tax, but I pay on my
dividends I receive from them. Also 46% of the workers in this country do
not pay income tax. And lots of those get back extra from the government.
Is one thing to not pay taxes, but to get back money is criminal. Criminal
for government. A family of 4 making $50k will not pay any income tax. But
they get all the benefits of society. They get an 11k deduction that
everyone gets, which leaves them an about $2k tax bill. They they get a $K
credit for each kid. the $2k tax bill is now zero. That is middle class
America making $50k.
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I will pay more in federal income taxes this year than ExxonMobil
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