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Old 03-16-2009, 08:41 PM
catawba catawba is offline
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Quote:
Originally Posted by pjohns View Post
Corporations don't pay taxes. Never have, never shall. What corporations do is to pass along that tax to the consumer--in the form of higher prices--so that it is ultimately John Q. Public who pays it.

Or, alternatively, corporations simply do not expand when the tax rate is too burdensome, and therefore hire fewer people; or give wage-per-hour workers fewer hours per week than they previously did; or both.

Of course, there is nothing inherently wrong with the concept of shared sacrifice during wartime; as regarding which, both rationing coupons and "Victory Gardens" were emblamatic. Sugar, meat, gasoline, and cigarettes (which were not then known to be the killers that they are) were diverted principally to the troops by American policy. And that is as it should be.

If one would like to set forth the proposition that some crisis of the moment demands a similar mindset, that is surely a position that is worth discussing. I would advance the negative, in such a debate.

But let us not pretend that corporations simply absorb any additional taxes that are directed their way. That is simply naive.
Spin it however you like, "Since the 1960's, the total Federal tax rate has fallen for low earners, risen for relatively high earners and fallen significantly for very high earners."
http://www.visualizingeconomics.com/...-income-group/

While the bubble was growing and the people at the top were raking it in, the standard of living constantly declined for the working class. So to hear the rich now whine about a 4-1/2% tax increase I think of it as Karma in action!!!
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