I'm a commie then. GE pays no taxes on billions of dollars of profits, but the Feds raise the taxes on my lousy pension an extra $350 a year. There's something definitely wrong with that picture.
Instead of asking the government to raise taxes on corporations, you should just ask them to raise your taxes directly and cut out the middleman.
And you're falling for the typical DemonRAT class envy trap.
First, “GE” is not a person, it is a corporation owned by shareholders. Shareholders risk their capital investing in the company with the hope of earning dividends on their investments. Those dividends are paid to the shareholders from the profits of the companies operations.
Profits are not “income”, so “income tax” isn't even the correct term.
Companies don't exist to provide jobs, or even provide goods and services, they exist to make money for the owners, who in turn pay “income taxes”.
“I’m a commie then. GE pays no taxes on billions of dollars of profits, but the Feds raise the taxes on my lousy pension an extra $350 a year.”
Remember the hubbub about Exxon? They pay bunches of taxes didn’t they?
More double speak from the dark one!
I agree. But the conservative orthodoxy is that big corporations do no wrong and are all overtaxed.