If we were all to agree that Mitt Romney was wrong in stating that corporations are 'people', then wouldn't that mean that corporations can't vote? So if corporations can't vote, yet are taxed anyway, wouldn't that be considered "taxation without representation?" Its impossible for a 'corporation' to pay ANY taxes since when a corporation is assessed a tax, the money comes directly from the pocket of one of the following: The Stockholders, The Employees, or the Customers. The various governments call it corporate tax because they are trying to keep the people from knowing that they are paying that much more in tax on top of their other taxes. We see these taxes getting paid by real people who just happen to work for these corporations, yet they seem oblivious to the fact that they're getting ripped off by our government again and again. Seems to me that every American would want to see our corporate taxes come down from their current 35% to zero so as to get a new cash flow into our markets etc to fuel this stagnant/socialist run depressed economy. Besides, do you really think that those 35% tax revenues that go to our government are going to be dispersed effectively to create jobs and business by this administration or by this congress?
Corporations dont have representation lobbies are what? the millions corrupt candidates are given are worth more than thousands of votes.
Just want to take some time out of my day to say: (*)(*)(*)(*) the greedy, exploitive multi-national corporations!
I agree with this. Taxes on corporations are not paid by the CEOs. But if you make up for this revenue with more taxes on those CEOs, they could also shift the damage to their employees/consumers. Getting rid of a corporate tax would also limit the ways that crony government officials can provide special favors for their partners in crime. It would put every business on a level playing field. The best thing we can do is simplify the tax code, and close loopholes and exemptions.
Corporations use government services which need to be funded; hence they pay taxes. The alternative for them is to leave the country and move elsewhere.
Yes, corporations should pay taxes to help pay for the government services that they use, as others have stated. Maybe at lower rates than they (supposedly) do now. They should also be required to employ local people at a rate directly proportional to the amount of money they make in your country. For example, if a company makes X million dollars profit from Americans, they should be required to employ at least Y number of people in America. That might just keep a few more jobs at home, which would benefit everybody. There could be a tax benefit for companies that employ above the minimum requirement.
Taxing a corporation based on the fact that in its function it utilizes government services is akin to an electric company sending separate bills to both a toaster and its owner.
I can't agree, because the toaster is not deriving any benefit from using the electricity. It is just wearing out.
The "corporation" is deriving no benefit either. The owners are. There is no self owned corporation, they are not autonomous entities.
If you're fine with taxing income (and I mean income even from asset forms, 401ks, property value increases, stock value increases - even if you're not cashing out your equity) then I'm fine with your suggestion. So long as someone is paying for Fedex using highways, roads, traffic services, etc etc etc. Pass the buck onto the consumer? I dare you to try that one.
As long as you are willing to concede that taxing corporations is inefficient and ultimately wasteful due to transactions cost I am happy. The effectiveness of an income tax and the proper tax structure for a society as a whole is an argument that can wait for another day.
That's not true. You're using the exception of a year with counter-balancing losses to offset taxes as a canard to claim that Exxon doesn't pay taxes. Not true.
The "corporations" should simply sell their PRODUCTS and/or services. If they are providing either of those things successfully, they will be fine. Since they operate upon this society's infrastructure in numerous ways, they must also contribute via taxes just as other money-making entities do (such as REAL people). They certainly don't need to be seen/treated as REAL "people". We need to handle that soon, by supporting and passing this.
Didn't you read the OP? The people working in the corporations end up paying those 35% taxes. Not only is that not fair...its anti economic growth. You should be well aware of anti economic growth for you've been living in that climate for 3 years now.
Through lower wages, is that what you're suggesting? How do you know that if you elimitated corporate taxes the extra cash would go into the 'wages' column and not the 'profit' column. This would also lead to increased taxes if you claim was true too since people would be bumped up tax brackets as well then no? A greater percentage of their paycheque would be taken, or am I misunderstanding you?
I've heard the kinds of things you are suggesting for DECADES; look where we are now. GET THE MONEY OUT OF POLITICS NOW!! (Let's start there.)
Simply because corporations can better afford to hire entire departments to help them play shell games with Statism whenever our elected representatives want to micromanage our tax codes.
All of K Street, a lot of Alexandria and Arlington are laughing up their collective sleeves at guys like you! Some of them are making money off of you too!!!!!!!
