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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (359906)11/23/2007 9:31:49 PM
From: tejek  Read Replies (1) of 1574032
 
People complain about XOM when its profit margin is at the low end of profit margins. Most corporations when managed properly are making money hand over first. You worry way to much about the plight of the corp. and not enough about your fellow citizens.

Bottom line is that reasonable, or even low corporate income taxes do hurt companies that can't pass on the cost, and when they can pass on the tax than it hurts consumers and/or employees. There is no free lunch. In order to get the wealth for the government you take it out of the private sector. And because of compliance costs and other forms of dead weight loss involved in taxation you have to take more out of the private sector than you get to use in the public sector.
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