"Evil will always triumph because Good is dumb." -Dark Helmet, Spaceballs
Folks, I've said it before and I'll say it again: Corporations Can't Pay Taxes! Only Their Customers Can! A corporation can no more pay taxes than the government can create wealth. The only people that can generate wealth and pay taxes are individuals, because they turn time, effort, talent, or smarts into money.
If you have any question about this basic fact of life, you obviously don't work for a Fortune 500 company. By the very nature of business we must either:
ReplyDelete1) pass the costs on to our customers
2) take it out of our overhead (employee salaries)
3) cut our profits.
Option 1 is preferred because they don't matter much and will buy the product regardless. Option 2 hurts productivity if the job market is good but it is an option any other time. Option 3 is terrible and Wall Street will nail us and our bonuses. No way.
Then how are we gonna smack the big Tax-Down on TheEvilCorporashunszes??
ReplyDeleteWil will save us from McHalliburtonChimpyBushhitler, Inc?
Maybe the divine Obamawallah and Midget Kucinich with thie UFOs for Peace can save us?!?
Jeans...It's all Jeanetic.
ReplyDeleteListen to Boortz much? ;)
ReplyDeleteTamara,
ReplyDeleteTaxes are just part of overhead, to say that a corporation CANNOT pay taxes is intellectually dishonest. Sometimes overhead cuts into your bottom line and all you can do is eat it and try to smile.
Even if those taxes are passed on to the consumer in the form of a de facto sales tax why shouldn't that customer pay as opposed to the person who does not purchase that corporation's products? A corporate tax is vastly simpler to administer than our Byzantine income tax, so me thinks tears for Microsoft are misplaced.
Anon,
ReplyDeleteYou have the wrong boolean operator. It's not an "OR" as you appear to suggest, it is an "AND". It's just another way to hide the true extent of taxation. In a truly free society with a minimal government we would get a flat tax (surcharge) and a delineation of exactly where it goes. Yes, our elected representatives are supposed to keep track of this for us. However, they have no incentive to do so and every incentive to hide the information from us.