[Elsie]

General Electric Paid No 2010 Income Taxes

Most folks think that businesses pay taxes.

They don't.

It is just another cost of doing business that is ADDED into the PRICE of their product.

The CUSTOMERS (you and me) 'pay' the taxes: the business merely COLLECTS them for the gummint.

[Retain Mike]

Below is my statement from my original post. When I posted nearly the same letter to a Register Guard editorial, someone still made the unsupported statement that corporations pay taxes. I did not reply. The individual was clearly chanting a portion of their mantra, which they have to recite in order to hold onto their liberal orthodoxy.

“The statement is false because corporations do not pay, but instead collect taxes from customers for government benefit. Corporations, partnerships, and individual proprietorships of any size prepare a budget where taxes are a cost of doing business. The final budget document given to managers to work from ends with after tax profit. This is a critically important number, at least because dividends are paid from after tax profits.”