[theBuckwheat]

>>
This statement is not entirely correct. oil companies were assessed three times more in taxes than they earned in profits but, like any corporation, they passed the cost of that tax onto the consumer in the form of higher prices.
<<

Yes, this is the real truth about corporations. The money to pay any taxes comes either from the customer through prices that are higher than otherwise, the shareholder in the form of an assessment, by depleting corporate assets, or by the corporation borrowing from some third party.

If I was king, and I am unlikely to ever be, I would end this fiction and just require corporations to pass profits directly to each shareholder in proportion to the number of shares. I would also abolish the income tax, but not to worry as each shareholder would pay his Fair Tax share as he conducted his personal business.

[TexasTransplant]

Buckwheat I nominate you as "KING OF AMERICA"

That would be North America, not including Canada or Mexico.

just the USA

Crying shame we don't have Kings anymore... you'd make a good one.

TT