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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (607420)4/12/2011 10:51:23 AM
From: TimF  Read Replies (1) of 1580439
 
Lower taxes isn't good enough.

Of course not, but the targeted tax breaks your supporting against my opposition (at least your saying they are necessary, and if their necessary, then they should be done, so your supporting them happening even if you don't like them on principle) are also tax breaks.

Other factors have to exist besides favorable taxation, but a low tax burden helps, and a generally low tax burden is better than giving out special favors to some that others don't get, or making people or companies jump through hoops to get some reduction in their tax burden. Simpler generally low taxes reduced the distortion of tax and the incentives to put efforts in to rent seeking rather than work and investment in something that's productive.

If instead you start out with high taxes, but give a bunch of tax breaks, then you get a mad scramble to compete for the tax breaks, creating more corruption, more distortions and problems in the economy, and diverting effort away from actual useful work and investment.

but studies looking in to the question seem to show that most of the burden is put on the customers or workers.

Indirectly. A consumer can opt out if they can't afford the product.

Your going to opt out of buying any product manufactured by a corporation? Good look with that.

Also to the extent that taxes drive some products to a price higher than what some people can afford, that tax harms the consumer even if he doesn't actually pay it. He doesn't get what he wants and could otherwise have afforded.
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