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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (3119)	10/17/2001 12:55:12 AM
From: ahhaha	Respond to of 24758

I like this one of your's even more: 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. I hope everyone appreciates how profoundly true your words are.