Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: jazusamo
I respectfully submit that just about everyone has blinders on with regards to the federal taxing of corporations. People appear to believe that corporate tax payments come from "somewhere", when in reality those payments come out of your pockets, my pockets, everyone's pockets who buy what the corporations sell. That is the cruel fact of the debate that no one mentions.

So what the tax-and-spend boosters are doing is hiding the real tax rate you pay in your State, and in your country, by burying some of the taxes in the levys against the corporations. Hey, how to pull in more money without ballooning the bottom line on voter's 1040.

But wait! The hidden-tax scam is backfiring. The Big Spender, and his bankers, are complaining that corporations are taking that tax money collected "under the table" and shipping it out of the country, instead of bloating the government coffers. The "forum shopping" that corporations use are not available to the rank and file -- we don't have the ability to have a "tax home" in another country. All that revenue that are not seen as taxes by the voters are taking a hike across the pond. The magician's trick went sour.

My remedy is simple: taxes should be paid only by people. Shareholders pay taxes on the money they receive from corporations. Shareholders pay taxes on the profits earned by the corporations, on a per-share basis. Corporations no longer have to hide the taxes they pay into the prices they charge. Let the Democrats repeal Citizen's United -- that would give even more reason to stop taxing "non-people". No free speech, no taxation.

In order for my proposal to be revenue neutral, though, individual tax rates would have to rise to capture the same revenue that the corporate tax rate currently contributes. Such a tax increase would be offset by the taxes not built into the cost of goods and services.

Why this will never happen: it makes tax increases transparent to the voters -- they can see the rise in taxes. No more sleight of hand.

8 posted on 08/28/2014 5:43:34 PM PDT by asinclair (Political hot air is a renewable energy resource)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: asinclair

Well said, and there’s politicians in both parties that believe the status quo is just fine.

That’s the reason we have the highest corporate tax rate of any industrialized country.


9 posted on 08/28/2014 5:51:49 PM PDT by jazusamo (Sometimes I think that this is an era when sanity has become controversial: Thomas Sowell)
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson