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To: outofsalt

Corporations do pay taxes. That is the whole point.

The costs are passed on in part.

But here, on this site, we have a knock down drag out saying that “Corporations are just legal people, so they should be able to donate just like people!”

So, if they are people, tax them like people. If they are not that address it.


34 posted on 10/23/2017 7:42:33 AM PDT by redgolum
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To: redgolum

In the Senate and House versions of the bill being drafted, corporations get to keep the state and local deduction, but individuals do not. When asked why, a member of Congress said: “Without that deduction, many would go out of business!” But it’s fine for us to pay more?


38 posted on 10/23/2017 7:47:19 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: redgolum
"The costs are passed on in part."

Corporations structure their receivables in such a way as to minimize taxation. They have armies of accountants to achieve these goals. They have to pay those accountants and so their prices reflect those costs. They write off costs and losses and will keep their profits in those countries where taxes are lower.

GE (as one example) has overseas profits that far exceed US profits and they keep all that money overseas. Same is true for Apple, Berkshire-Hathaway, pharmaceuticals and pretty much all multinational corporations.

Ultimately, corporations buy votes from politicians who buy votes from the constituents.

48 posted on 10/23/2017 8:05:21 AM PDT by outofsalt ( If history teaches us anything it's that history rarely teaches us anything)
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