Bush Catches Democrats in the Tax Trap

Business Week ^ | 4/16/02 | Howard Gleckman

[tdscpa]

In all those years, funny I never noticed that my farm corporation clients got 34% more for its crops than non-corporate farmers did, or incorporated service stations got 34% more for a gallon of gas than did those operated as proprietorships.

Supply and demand! Corporate taxes are paid out of "net income before taxes", just as yours are.

[Clemenza]

Progressive taxation is a socialist idea whose time has long past. We now live in a society where 50% of the population pays 96% of the taxes. Pathetic.

[BADJOE]

And I paid their taxes when I bought their products.

It is very simple . Taxes, like raw materials are added in the cost of production. Profit is added on top of these costs. Because of competion all products would cost less if the corporate taxation scam were eliminated.

I SAY AGAIN NO CORPORATION HAS EVER PAID DIME ONE IN TAXES.

Only people pay taxes.

[tdscpa]

You don't know that they paid any taxes. If you paid them extra because they were a corporation, you should shop smarter. Why don't you only buy from non-corporate businesses? Save yourself all those taxes!

[BADJOE]

Non corporate businesses do not produce all that I or every other citizen needs.

The tax on corporations is now and always has been a scam to hide the tax from the general public.

And the lying bastard politicians of both parties know it.

Corporations do not pay taxes. Only people pay taxes.

[tdscpa]

Do you own any corporate stock? If you own stock in a corporation that has earnings, look at the financial statements. You will see that they pay taxes.

Look at the financial statements of two similar corporations, one of which earns a profit, and one of which does not. Can you tell which is which by the price of their product?

[jwalsh07]

Where do you think they get the money to pay their corporate tax? Do you think they print it? The tax is a cost to be considered when setting the price of a product to the public. Just like material. No more, no less.

[ohioWfan]

After eight years of punishment by xlinton for being married, having children, and achievement of economic success based on hard work, my husband and I would like to thank the President for giving us some of our money back, and urge him to continue to fight for further tax relief.

Preach it, W! Keep making fools of the dims! (OK, so it's not that hard.........)

[BADJOE]

I assume from your name you are a CPA.

It astounds me that you seemingly are unable to understand that without corporate taxaation, all products would cost less. The fact that they now cost more is the taxes the consumer pays for the corporation when he buys their products.

Corporate taxes are a SCAM to tax the general public more for eveything they buy.

Corporations do NOT pay taxes.

Only PEOPLE pay taxes.

[tdscpa]

Their price is set by the laws of supply and demand. If I operate as a corporation, I do not charge more just to collect from my customers the income tax I may have to pay.

The income tax is my co-owner's (the government's) share of the net income from the business.

[Bloody Sam Roberts]

"Also best if the words rhyme. "

Is that a hint that you have specific information that Jesse Jackson is contemplating a run at the White House?   =;^)

[tdscpa]

It astounds me to hear that you do not understand that MOST corporations (maybe not GM) must compete with businesses that are not corporations, and therefore can not just set a higher price to cover the corporate income tax.

[BADJOE]

And if they don't collect those taxes from their customers, they go out of business.

Corporations do not pay taxes.

Only people pay taxes.

[tdscpa]

I'm getting a bad echo here. Guess I'd better go amend a few thousand corporate tax returns to ask the IRS to go collect the tax from all those customers, and refund the money those corporations paid in taxes.

[BADJOE]

You are "learnin" : )

[tdscpa]

"People" do not pay taxes. They just collect them from someone else.

[tdscpa]

You are right. I am learnin.

[BADJOE]

Yup.

From other people.

[tdscpa]

I am now a retired CPA. I just could not go on any longer without a corporate income tax. And now that I am retired, I don't believe I will amend all those corporate tax returns. :)

[BADJOE]

Congratulations on your retirement. I am a retired Optometrist. "Aint" it grand we have all this time to Freep.