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To: Moominoid who wrote (27152)1/8/2003 6:37:01 PM
From: Raymond Duray  Read Replies (1) | Respond to of 74559
 
Moominoid,

Thanks for expressing an opinion. I would most likely be in a completely opposite camp and suggest that the corporate tax code is a joke of monumental proportions in this country and it ought to be rationalized by a huge reduction in complexity of the loophole mechanism that makes it so unfair. To my mind, it is unconscionable that corporations like CSX, which has recently been in the news with its former chairman John Snow moving to Treasury, should have been able to earn $900 million in the last four years and been able to secure a huge tax credit instead of paying taxes. There is something about this that seems essentially unfair.

If you think you can make a case that corporate taxes ought to be phased out, I'd love to hear how you propose to pay for all the community provided infrastructure that makes corporate profit possible in the first place. Eliminating corporate tax sounds to me like yet another method of shifting the burden of maintaining society infrastructure from the rich to the poor. Classic class warfare. Are you a soldier in this war against the people?

-Ray



To: Moominoid who wrote (27152)1/8/2003 7:24:34 PM
From: Ilaine  Read Replies (1) | Respond to of 74559
 
>>It would make a lot more sense to gradually phase out the corporation tax<<

My impression is that every place you see a double tax, you see social engineering.

Taxing corporate profits as well as dividends isn't the most egregious example of double tax, IMO.

I nominate death taxes. The dead guy pays income tax during his life, and is liable for income tax due even after he is dead, but then the Treasury takes a second bite before the heirs get it?

Why?

Because people start screaming about how it's unfair for someone to be rich just because his father was rich.