Replies

Yes--I should have clarified that. It would only be on income tax. I am not really sure what to do about corporations at this point. Although liberals and the press tend to denigrate corporations, face it--the liberals and the media probalby work for corporations. It would not bother me at all if the government did not tax corporations. Why should they? (Oh, boy, I'm probably setting myself up here...) A corporation cannot make money until it spends money--and that gives people jobs. I may be missing something here, but I figure that if it can't vote (like a corporation), it shouldn't be taxed.

...not really sure what to do about corporations...

This is something taught to me by freepers when I first joined. Corporations do not pay taxes. Consumers pay them. Stop. Read that again. Let it sink in.

Example. I sell widgets at 10 dollars each. My profit is 2 dollar on each. The government taxes me at one dollar per widget. Do I continue selling at 10 dollars and give my dollar to the government? No. I raise prices. The widgets will cost 11 dollars. I still profit 2 dollars. The government gets one dollar. The consumer has now become an indirect taxpayer and he will never know.

Any good tax reform will start by eliminating all the little hidden taxes:
*corporate income tax
*capital gains tax
*social security tax (employer and employee)
*medicare tax (employer and employee)
*and all the little taxes like the ones on your phone bill

Here goes Dennis,

I am a small business owner. I pay taxes. The amount of taxes I pay is pretty substantial compared to what I take in. Now, if I were a corporation paying the same taxes as a small business, you would find the average tax payer's burden to be less due to the fact that more revenue is generated. Regardless of what you might think, If everyone, and that includes Corporations were taxes evenly and fairly, you would find a heck of a lot more growth in the private sector. The reason being, is that corporations can take the hit at tax time. Sometimes the little guy can't.

Now this tax I'm talking about, that's EVERYONE who has a regular job, or a business pays a 10% flat tax, after your primary deductions. Don't tell me about taxes keep business from expanding, and nonsense, I have to pay! My company will expand this year, guaranteed.