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To: Oblomov who wrote (84120)	7/25/2007 9:43:04 AM
From: shades	Respond to of 110194

The taxes collected from corporations come from customers Customers that have no more housing ATM and are shoplifting walmart to the high heavens? Customers seems to be about squeezed to the last drop of blood to me. (in the form of higher prices) and employees (lower wages/benefits). Employees who have been brought in from the jungles of africa and demanding pay raises - short of robots how do we find cheaper workers? Seems we have run the global supply train to the very bottom of the barrel and the train ride is coming to an end. No more cheap spear chuckers to exploite eh? The vast majority of companies are not transnational giants capable of moving assets from one jurisdiction to another to minimize tax liabilities. I saw this IBM commercial a few years ago of this little woman in italy selling olive oil out of her marketside stall - and this western businessman on vacation was in her little shop buying some and said - DAMN this shit is good - you should market this online - so she hands him business card with her website care of IBM global solutions and his jaw drops - HAHA! The UPS truck pulls up a second later and loads up ton of her olive oil as it heads out over the globe. Do you make a distinction between these "good" corporations and the "bad" corporations? The lightsaber that kills darth vader can also be used to kill obi one kenobi - should we ban lightsabers and get out of killing anyone? youtube.com Bank Of Satan Credit Card (hehe)

To: Oblomov who wrote (84120)	7/25/2007 10:42:01 AM
From: alburk	Respond to of 110194

In a sense you're right. Shareholders are the ultimate taxpayers. Corporations are more like conduits.

To: Oblomov who wrote (84120)	7/25/2007 10:43:58 AM
From: alburk	Read Replies (1) \| Respond to of 110194

In a sense you're right. Shareholders are the ultimate taxpayers. Corporations are more like conduits. The ultimate "corporate taxpayers" are pensions, funds, and private investors. These are the owners.

To: Oblomov who wrote (84120)	7/25/2007 12:00:49 PM
From: Travis_Bickle	Respond to of 110194

The issue is known as "corporate integration" among tax geeks, there has been widespread agreement for a long time that it would make sense to get rid of the corporate level tax. This was accomplished to some extent during the Clinton admin by Congress through liberalized subchapter S rules so they can have up to 75 shareholders, and by Larry Summers, who pushed through the "check the box" regs which give non-publicly traded business the opportunity to avoid a corporate level tax by organizing as an LLC, LLP or whatever. With respect to publicly traded companies, the impediment to corporate integration is the left, which views "corporations" differently than those of us who actually know something about corporations. They see a corporation as being something along the lines of a darth vader, and therefore the idea of not taxing them is anathema to them (why not tax pure evil?). I am somewhat sympathetic to the view of anarchists that an association of tens of thousands of individuals/entities is best avoided, but if we are to have such associations, taxing them at the corporate level just creates makework for lawyers and accountants and the IRS.