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Corporate Income Taxes Cost the Average American Household $3,190
The Tax Foundation ^ | 3/2/2009 | TF Staff

Posted on 03/07/2009 7:10:42 AM PST by TheNewPundit

Today, the Tax Foundation started running a 30 second television ad and a 60 second radio ad in the Washington, D.C. market to educate Americans about the burden that American families bear from the corporate income tax.

The Tax Foundation will run the ads on six different cable television stations (News Channel 8, CNN, Headline News, MSNBC, CNBC and Fox News) and three different radio stations (WTOP, WMAL and 1580 Big Talk) in the Washington, D.C. market for the next two weeks (March 2-13). These ads are running as a part of the CompeteUSA project, a campaign which aims to raise the public's awareness of America's high business taxes and how those taxes are affecting our competitiveness, wages and living standards.

The ads are created by Craig Kirchoff of Alexandria, VA, a winner in the Tax Foundation's CompeteUSA YouTube Contest held last October. They show that "Sally" and her family are burdened with corporate income taxes through lower wages and higher prices at the store.

(Excerpt) Read more at taxfoundation.org ...


TOPICS: Government
KEYWORDS: taxes
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1 posted on 03/07/2009 7:10:42 AM PST by TheNewPundit
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To: TheNewPundit

The dirty little secret that politicians - of all stripes - have been so successful in hiding from we-the-sheeple —

Businesses don’t *pay* taxes - businesses *collect* taxes, from thee ‘n me....


2 posted on 03/07/2009 7:16:20 AM PST by Uncle Ike (At some point, government has to be the next bubble to burst. (H/T Freeper This_far))
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To: TheNewPundit
If anyone wonders why we no longer have much of a manufacturing base in this country they need look no further than our current idiotic tax code and the corporate income tax in particular. The costs of dealing with this monstrosity - far more than the tax itself - has largely driven manufacturing offshore.

A href="http://www.fairtax.org">FairTax.org

3 posted on 03/07/2009 7:18:17 AM PST by Bigun ("It is difficult to free fools from the chains they revere." Voltaire)
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To: TheNewPundit

Obama said he won’t raise our taxes a dime. He’ll raise them by a bunch of dimes and this is just one of the ways. When will the DUmmies ever figure it out?


4 posted on 03/07/2009 7:19:24 AM PST by BipolarBob (When do we call Obama "Dear Leader" and learn the new salute?)
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To: Bigun
FairTax.org
5 posted on 03/07/2009 7:19:43 AM PST by Bigun ("It is difficult to free fools from the chains they revere." Voltaire)
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To: Bigun
hey need look no further than our current idiotic tax code and the corporate income tax in particular.

Sarbanes-Oxley would be enough to drive me away along with environmental paperwork and the complicated tax codes.

6 posted on 03/07/2009 7:21:21 AM PST by BipolarBob (When do we call Obama "Dear Leader" and learn the new salute?)
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To: TheNewPundit
Yep. And in a related matter re: Corporate Taxes, most Industrial Countries exempt exports from taxation thereby providing the exports with and added cost advantage in World Markets.

In the US we have no such exemption as Corporate Taxes are levied at the Corporate level based on profit irrespective of whether profit is earned on Exports or on domestically sold production.

Just another disadvantage our Policy makers place in the path of American Business.

7 posted on 03/07/2009 7:23:51 AM PST by TCats
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To: Uncle Ike

“businesses don’t pay taxes.” I get so tired of the DU attitude about businesses.


8 posted on 03/07/2009 7:24:01 AM PST by mefistofelerevised
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To: TheNewPundit

It won’t be long before Obama-lama-ding-dong institutes price controls telling businesses what they can charge for goods and services.


9 posted on 03/07/2009 7:29:38 AM PST by NoobRep
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To: Uncle Ike

More proof that the jerk posing as President of the United States is purposely tanking the economy. Nobody could be this clueless on the economy and how to fix it.


10 posted on 03/07/2009 7:33:16 AM PST by NoobRep
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To: Uncle Ike
Businesses don’t *pay* taxes - businesses *collect* taxes, from thee ‘n me....

Many here do not grasp that fact, everyone of those over paid CEO's are dinning on your dime.

11 posted on 03/07/2009 7:51:32 AM PST by org.whodat (Auto unions bad: Machinists union good=Hypocrisy)
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To: mefistofelerevised
You must of really hated Reagan then!! He made that statement in several of his speeches.
12 posted on 03/07/2009 7:52:40 AM PST by org.whodat (Auto unions bad: Machinists union good=Hypocrisy)
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To: org.whodat

No. I liked Reagan, but he wasn’t a god. Please send me a link with him saying that. The line I quoted stands on it’s own. Yes taxes get passed on to buyers, but businesses pay plenty and are not evil abusers of consumers.


13 posted on 03/07/2009 8:11:28 AM PST by mefistofelerevised
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To: TCats

Would you say that our tax code, environmental policies, and other government regulations such as OSHA, EEO, etc., are intended to destroy America? Personally, I think they are. Their negative impact is excused as “unintended consequences” but I think they are intended.


14 posted on 03/07/2009 8:12:21 AM PST by Mind-numbed Robot (Not all that needs to be done needs to be done by the government)
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To: Uncle Ike

I scream that very remark at the tele each and every time some ALLEGED learned economist or academic moron lets some lib get away with the crap that business taxes need to go up.

Needless to say, I spend a lot of time screaming.


15 posted on 03/07/2009 8:13:58 AM PST by Dick Bachert
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To: Uncle Ike
Businesses don’t *pay* taxes - businesses *collect* taxes, from thee ‘n me....

I had a recent discussion on this forum with a member who insisted that renters do not pay property taxes, I failed to convince him otherwise. It's the same concept as corporate taxes. Individuals do indeed pay them, just as renters pay property taxes. (I'm not a renter)

16 posted on 03/07/2009 8:21:29 AM PST by Graybeard58 (Selah)
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To: Mind-numbed Robot
Don't know about motives. I really think it is just incompetence. I also know the results - We are at an inherent disadvantage in all of our so-called 'Free' Trade Agreements and I do think out Leaders know and allow this to the detriment of the American Worker.

BTW, in addition to Tax impediments our method of funding Health Care also works against our Manufacturers. In Countries where the Gov’t picks up these costs their manufacturers don't have them as part of their cost base.

Therefore Toyota doesn't pay taxes of significant benefits on every vehicle they ship here while our exports to them are burdened with these costs.

In essence it amounts to huge subsidies by Foreign Gov’ts to their exporters.

And none of our brain dead Leaders ever talk about this disparity in foriegn trade agreements.

17 posted on 03/07/2009 8:21:33 AM PST by TCats
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To: mefistofelerevised

” Yes taxes get passed on to buyers, but businesses pay plenty and are not evil abusers of consumers.”

Two points...

First — where in my original post did I state that ‘businesses are evil abusers of consumers’??

Second - ‘taxes get passed on to buyers, but businesses pay plenty’ is contradictory on its face....

Businesses do not have one dime of taxable income until someone, somewhere, plonks his hard-earned cash down on the counter. Taxes are a ‘cost of doing business’, and are included - with a markup - in the price of goods and/or services.....


18 posted on 03/07/2009 8:22:08 AM PST by Uncle Ike (At some point, government has to be the next bubble to burst. (H/T Freeper This_far))
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To: TheNewPundit

Yeah! Which is why those dirty rotten !%@$#&*’s should pay more taxes, cause they...oh, wait...never mind.


19 posted on 03/07/2009 8:26:47 AM PST by Oldpuppymax (AGENDA OF THE LEFT EXPOSED)
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To: org.whodat

“over paid CEO’s”. Paraphrasing Obama now?


20 posted on 03/07/2009 8:27:36 AM PST by mefistofelerevised
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