 Quote:
Originally Posted by donheff
Gotta admit, as liberal a dem as I am, I have always though corporate income taxes to be strange.
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And as a liberal dem - you should be outraged at corporate taxes!
Corporate taxes are part of (hidden as the OP mentioned) the cost of all products. When a poor person buys a pound of potatoes, they pay the exact same hidden corporate taxes (with no 'pre-bates') that the rich person pays. Nothing progressive about it.
And it is even worse. I know I mentioned this on an earlier thread, but the corporation not only pays people to comply with tax laws, but they pay people to (legally) avoid taxes. So we pay for them to avoid taxes, and then we need to make it up somewhere else in our taxes - a double whammy!
Plus, the increase in our competitiveness in the world market that was mentioned - what more could we ask for?
I think the most realistic approach at tax reform would be to eliminate corporate taxes - I can't see a single argument in support of corporate taxes, since they are just passed on to the consumer (but I'm willing to listen).
But I won't listen to vague claims that the savings won't be passed on to the consumer without some realistic examples - that is just ignorance of how free markets work.
-ERD50
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