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To: dennisw
Sure nit wit. As if a US small businessmen can compete against such tax cheats. I have to go with the Democrats on this one. Such off shore wise guys should be penalized. Should be a clampdown if they want to do business here. Evey tax dollar they cheat on, is one you and I have yo pay.

I don't think you realize that we, individual taxpayers, already pay for every tax dollar levied from corporations. The tax is simply another expense that is passed on to the consumer. If a corporation finds a legal way around those taxes, they can reduce expenses, sell for less, and gain marketshare. If you tax the hell out of them, they will be at a disadvantage to those companies who suffer from less of a tax burden.

Another thing to consider is that taxing corporations is a double-taxation of sorts. All coporate employees pay income tax already, and all shareholders have to report their dividends as income, to be taxed. So, profits made by the corporation are taxed, then the remainder that goes to dividends is taxed again as individual income. That is my understanding. If any tax lawyers out there want to correct me, lease do.

If these guys can figure out a way to get past these business-killing taxes, I say more power to them.
18 posted on 07/05/2004 4:34:41 PM PDT by fr_freak
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To: fr_freak; ancient_geezer
I don't think you realize that we, individual taxpayers, already pay for every tax dollar levied from corporations. The tax is simply another expense that is passed on to the consumer.

I wish I had a dime for every time I heard that lame argument. You are telling me the United States is a corporate monopoly? That what you say is inevitable and that change and competition and under pricing don't  exist?

I could care less if corporate profits are double taxed. This was also the way it was in the 1950s 1960s, back when US corporations paid a greater share of Federal taxes and America prospered. And the Federal tax burden of individuals was smaller.

21 posted on 07/05/2004 5:20:58 PM PDT by dennisw (http://www.prophetofdoom.net/)
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