Corporations pay a much smaller share of the pie than ever before.
Corporations in a sense pay zero percent, and always have.
People pay taxes. The burden of the taxes can in effect be held by the owners, if they just lose profitability, or it can be put on the workers, if they get paid less (including getting smaller raises or smaller benefits), or if they lose their jobs, it can impact the consumers, if they have to pay more for goods, or if goods they would have liked to have are taken off the market (or never sold in the first place) because of the reduced profitability due to the cost imposed by taxes.
The other thing is you get dead weight loss, with the total effective cost being larger than the income the government receives. For example if a business shrinks, or doesn't grow as much, because of the costs of corporate taxes, then the owners might make less profit, and some workers won't be hired, and there may be less competition and so consumers may pay more, or not have as much selection.
50% of corporations pay no income tax.
And many of those make no money, or lost money in the past and can set current profits off against some of the past losses.
We tax profits not revenue.
Other types of companies pass the profits and tax liability off to the owner(s) so sure the company pays no taxes, but its owner does.
If the 'poor' are not educated or treated when they are sick the 'rich' suffer as well.
Sure suffering of the poor can be visited on the rich in a number of ways.
But we spend enormous amounts of money to educate and treat the poor.
And also again this whole line of argument is totally irrelevant to the claim I am arguing against. It says nothing about the government robbing from the poor to give to the rich.
but the rich are getting richer while the middle class shrink
At least until the recent economic slowdown (and likely impending recession), the middle class was getting smaller primarily because people where moving upwards from the middle class, not downwards.
But it wasn't getting much smaller in any case. |
