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To: indcons
President Bush said yesterday that he is considering a fresh plan to cut tax rates for U.S. corporations...

Let me be the first to suggest the new rate!

I suggest 0.00%.

Corporations don't pay taxes! The consumers of their products do.

5 posted on 08/09/2007 7:21:52 AM PDT by Bigun (IRS sucks @getridof it.com)
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To: Bigun

Ahhhhh...you may want to rethink that nugget of misinformation you just posted.

As a tax professional with several years of experience, including large international firm experience, I can assure you that corporation pay taxes.

Stop perpetuating the myth that “All taxes are just passed to the consumers”.

Okie Dokie...


12 posted on 08/09/2007 7:25:37 AM PDT by in hoc signo vinces ("Houston, TX...a waiting quagmire for jihadis.")
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To: Bigun; avacado
Corporations don't pay taxes! The consumers of their products do.

A huge BUMP to you.

I am amazed at the number of people who have absolutely no clue about this.

In a roundabout way, the stockholders pay for this too. Reducing taxes can increase profits which can increase the stock price.

33 posted on 08/09/2007 8:00:33 AM PDT by upchuck (Today there are 10,000 more illegal aliens in yer country than there were yesterday. 10,000! THINK!)
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To: Bigun

“....Corporations don’t pay taxes! The consumers of their products do.....”

BINGO!!!!


35 posted on 08/09/2007 8:09:18 AM PDT by Former MSM Viewer ("We will hunt the terrorists in every dark corner of the earth. We will be relentless." W 2001)
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To: Bigun

I agree.

And if the public isn’t ready for a 23% Federal FairTax, then you could still go with just an 8% FairTax to replace all Corporate Income Taxes and Employer Payroll Taxes. 3% to general fund and 5% to SS/MC would be revenue neutral.

That would give us all the trade advantages and attract capital and manufacturing jobs to America without the enormity of a complete tax system change all at once.


69 posted on 08/09/2007 9:46:49 AM PDT by Kellis91789 (Liberals aren't atheists. They worship government -- including human sacrifices.)
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To: Bigun

The CEO, the directors and all their employees pay taxes too.


78 posted on 08/09/2007 10:40:59 AM PDT by Brad from Tennessee ("A politician can't give you anything he hasn't first stolen from you.")
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