Oh good. This has all just been a great big misunderstanding. Can you do me a favor? Can you call Paul Ryan’s office and tell him he doesn’t need to increase taxes on millions in the middle class so that the corporations can get a tax rate cut from 35% to 20%? Thanks very much.
On the logic of “Corporations Don’t Pay Taxes”.
While it’s true it’s their customer who ultimately bear the burden, conservatives would do well to consider this is the very BEST kind of tax.
It’s a “regressive consumption tax” applying equally to everyone. It is not steeped in Social Justice and envy.
“Oh good. This has all just been a great big misunderstanding. Can you do me a favor? Can you call Paul Ryan’s office and tell him he doesn’t need to increase taxes on millions in the middle class so that the corporations can get a tax rate cut from 35% to 20%? Thanks very much.”
Relax...you know the corps are going to pass the savings along to the consumer dont you? Those taxes are passed to the consumer so the savings will be too? Don’t bet on it.
When I explained corporate tax to my 8 year old I did it this way.
I said suppose you start a business selling book marks and sell them for 10 cents a piece but it costs you 5 cents to make them. The government notices that you are making a profit and decides to tax you 5 cents on each bookmark you sell, what happens to your business?