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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: haqihana who wrote (9628)	6/23/2006 10:34:25 AM
From: Oral Roberts	Read Replies (2) \| Respond to of 71588

Business's shouldn't even pay tax IMO as it's their customers that pay it anyhow. Let them have their money for expansion, etc.

To: haqihana who wrote (9628)	6/24/2006 8:02:56 PM
From: Peter Dierks	Read Replies (1) \| Respond to of 71588

Business owners have many tax advantages available to them. One of those advantages is capital investment. A very successful business that is run for tax advantages will invest in itself in profitable years. By buying capital equipment and utilizing the Section 179 write off and the depreciation of equipment, as business can convert income into investment, thus deferring taxes. There is a certain logic to not taxing businesses. However if one did that, the system would be abused by businesses. Right now they are often run for the benefit of management to the detriment of stockholders. If you allowed them to accumulate profits indefinitely they might be tempted to keep the money with logic like, if we never pay it out it will never be taxed. Stock prices would rise to reflect the retained earnings for a time, then as people realized they could never get their money out, stock ratios would fall. The world might quickly evolve into a horrible place controlled by a few huge monopolistic and inbred corporations. The fears of leftwingers could become a horrible reality.