Why should corporations pay taxes at all? Really. Think about it. All companies have expenses. Taxes are an expense to the corporation. When they sell
something in the marketplace they must make a profit. Why? Because if they don't, they go out of business. They're stagnant. They cannot grow. Taxes
are a disincentive to productivity, simply a drag on the company. Let's say a company pays 35% in corporate taxes. That's the high end.
IT'S THE HIGHEST IN THE WORLD!
. How do you think a company PAYS its taxes?
It prices its widgets to include the cost of the taxes it is levied. So that means what? That you, the consumer, are the one who pays the
corporation's taxes. This is in ADDITION to the personal income taxes you pay, but it's hidden from your view. You don't see it. You just think the
cost of goods is high and you typically blame the corporations.
Let's put it another way. The government is stealing from you with the help of corporations. And you go right along with it and have this attitude
that corporations aren't paying taxes? That's bad!! We neet a Buffet Rule because millionaires aren't paying enough taxes. That's bad!
Who the hell do you work for? The government? Where's your head? They are stealing your money! It's not THEIR money! When you say, well,
corporations didn't pay $57 billion, so the government is not collecting it, it's not as if it's theirs in the first place. It's just that the
corporations have found a way to keep the government from confiscating their hard-earned money.
You do exactly the same thing personally. You avoid taxes if you can. You take deductions if you can get away with it. You make decisions about your
money in a way to minimize your "task risk." You avoid tax "penalties" if at all possible. If there is a way for you to "defer income" you'll
do it in a heartbeat. Maybe it's a Roath IRA that grows tax free. Maybe it's throwing funds in a 401K. You'll take tax credits, too, just like
corporations. If you can get a credit for installing insulation, an "energy" credit, you'll do it because a credit is worth more than a deduction.
Speaking of deductions, if you can do a mortgage deduction, the biggest deduction most people can get, you'll do it and smile while your renter
friends don't get it at all. That it isn't "fair" doesn't enter your mind. You just take it.
And what does the government do with the money it confiscates, the money that reprersents your labor? A lot of it they waste because they can never
have enough. So right now government salaries are much larger than in the private sector. Their pensions are better, and if you're the GSA, you spend
a million dollars for a lavish party in Vegas or maybe buy some prostitutes for the Secret Service in Colombia. The point is that government has no
incentive to be frugal. It's a never-ending supply of money for them to spend as THEY see fit.
And you're part of the problem.