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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?


To: Carl Shaw who wrote (7736)11/16/2001 1:39:52 PM
From: Zoltan!  Read Replies (1) | Respond to of 93284
 
Corporations do not pay taxes, people do.

All corporate taxes are paid by consumers or shareholders in the form of higher prices and lower returns.



To: Carl Shaw who wrote (7736)11/16/2001 2:01:26 PM
From: Neocon  Respond to of 93284
 
I do not have any revenue- neutral schemes ready to hand.



To: Carl Shaw who wrote (7736)11/19/2001 1:36:03 PM
From: jttmab  Respond to of 93284
 
I am curious as to what percentage of taxes raised derive form corporate taxes....

A really straight forward question, clearly put, unambiguous. You might have guessed that you would have gotten a clear answer.

Edit: Heck with my recollection the numbers are in the link below. Assuming a revenue neutral change, you pick up the shortfall where you get the other 90% from, i.e., personal income tax. The corporate tax used to be substantially higher, but that changed during the 1980's, don't remember which Administration that was. The link below includes the historical tables of revenue and authorizations from 1934 on.

w3.access.gpo.gov

jttmab