Posted on 09/10/2016 12:53:00 PM PDT by Swordmaker
Corporations do not pay taxes. You pay their taxes.
Socialists and communists just don’t get it do they?
The times are changing, alright. The EU technocrats are in for a rude awakening.
I hope so. I despise technocrats. I wonder if there will be more brexits in the future?
Corporations have people behind them who own portions of the corporation. They pay taxes. And as Mark17 says, you pay taxes on the goods and services behind the corporation. The corporation passes the taxes to the consumers in the goods and services that are created. The profits that are left, are either plowed back into the corporation for growth or R&D. The profits are heavily taxed when the shareholders trade or cash in the shares or dividends. I own stock in a bunch of companies. And I pay a lot of taxes whenever I sell stock.
There is a huge anti-corporate sentiment going on. I notice it in movies and TV shows where a corporation is cast as an evil entity to do battle against. It's a socialist sentiment and anti-capitalist by leftists who want to plunge us into a one-government socialist run world. It's sickening.
Yes it is. I notice the same BS from Hollywood too. What scum bags they are.
Paradoxically, this is the sign of lousy management: not that they couldn't earn the money in the first place.
But rather that, having earned it, they had no idea how to re-invest it in the business to make even MORE money: they were saying to the shareholders in effect, "We're dummies: we have $57 billion and we can't figure out how to turn it into more money for you, so we'll just give it to you right now in cash."
In the meantime, they were poor-mouthing that they had to hire 3rd world programmers to remain competitive.
If they had put the $57 BILLION into state bonds (to avoid Federal income tax) they would have cleared maybe $2 BILLION A YEAR, FREE AND CLEAR. Enough to have paid top dollar to all Americans who wanted to work there.
Without jeopardizing either the original pot of gold, or the cash flow from continuing operations.
The H1-B movement is the sign of inhuman unspeakable greed, of a kind and extent that would make the robber barons of old blush with shame.
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