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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (478358)	5/6/2009 2:17:50 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1573919

Inode, > that corporations do not pay income taxes. Their customers pay them. Businesses do indeed pay income taxes. It's up to the business to determine how to make up for the additional expense. Saying the customers pay them kind of ignores the fact that prices are set by the market. My concern though is the level playing field between big and small business. If I started a business, I'd sure like to enjoy the tax advantages of incorporating in the Cayman Islands, but I really doubt I'd have that luxury. In any case, if Obama wants to eliminate this loophole with a net zero effect on the economy in general, he could also eliminate the double-taxation on dividends the correct way: by not taxing them on the corporate end and only taxing them on the investor end. Of course, I really doubt Obama will want to do that. After all, he's got a $1.2 trillion hole to fill with "additional revenue." Tenchusatsu

To: i-node who wrote (478358)	5/6/2009 2:29:36 PM
From: Steve Dietrich	2 Recommendations Read Replies (1) \| Respond to of 1573919

Mostly it loses site of the fact -- one which liberals do not comprehend -- that corporations do not pay income taxes. Their customers pay them. More nonsense from someone who doesn't understand economics. Ever heard of elasticity? Companies ideally charge the price that maximizes profit. That price is not effected by taxes. It's effected by demand for their product. It's the shareholders who would be hurt by higher corporate taxes, as profits would be less. SD