PRESIDENT GEORGE W. BUSH Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mr. Whist who wrote (190945)	10/11/2001 10:20:08 PM
From: Don Lloyd	Read Replies (3) of 769667

flapjack - ...Re: "Corporations should not pay tax, they are the engines of economic growth." Sounds good in theory; falls flat in real life. Let's look at a few numbers:... Corporations, being fictitious entities, do not, and cannot, pay taxes. Only people can pay taxes, and the taxes that corporations appear to pay are really incident on shareholders, employees and customers, with almost everyone affected in all three of these categories simultaneously. Corporate taxes are merely another solution to the political problem of how to hide taxes so that people do not realize just how much they are being taxed. As with all taxes, there are several economic distortions produced which contribute to a reduced standard of living. Not only do the hidden corporate taxes result in multiple taxation (effective taxes on the after-tax remainder of other taxes), but corporate taxes create the perverse disincentive of differentially rewarding failing companies at the expense of profitable ones. Regards, Don

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next