[Blood of Tyrants]

Corporations don’t pay taxes, they collect them from their customers (just like they do the sales tax) as a cost of doing business and pass them on to the government.

[kcvl]

James Andrew Coyne (born December 23, 1960) is a Canadian political columnist with the National Post and a member of the At Issue panel on CBC.

Coyne was born in Ottawa, Ontario, the son of Hope Meribeth Cameron (née Stobie) and James Coyne, who was governor of the Bank of Canada from 1955 to 1961. His paternal great-grandfather was historian and lawyer James Henry Coyne. His sister is actress Susan Coyne. He is also the cousin of constitutional lawyer Deborah Coyne, who is the mother of Pierre Trudeau's youngest child. Coyne studied at the University of Manitoba where he was editor of The Manitoban and worked as a reporter for two summers at the newly launched Winnipeg Sun.

[LucianOfSamasota]

If we really wanted to soak the rich, we would tax assets or net worth.

Income is what a person earns. Assets are what they possess.

A tax on income is a tax on earners, which prevents them from acquiring assets, which preserves the status quo. Those who start on top will always be on top because earners are penalized.

A tax on assets affects hereditary wealth and stored possessions, forcing those at the top to earn if they wish to stay at the top. Earners on the other hand retain their earnings and develop the ability to acquire possessions and wealth.

This is why those with great wealth (think Warren Buffet) can advocate increased income taxes with impunity, because it actually hinders their competition.

I am not in favor of soaking the rich, but neither am I in favor of taxing the productive members of society into abject slavery. Minimum taxation based upon limited government would be my goal.

But make no mistake, income taxes (and sales taxes) are designed to preserve the status quo, providing inertia for those on top to stay there, and preventing those working their way to the top from getting there.

[Taxman]

Well, when one reads the article, one finds that the author is talking about Canada.

This is a “teachable moment,” however. Canada already has a more favorable corporate tax structure than the US. In fact, most countries in the world have have a more favorable corporate tax environment than the USA.

The take-away FRom this article is that the USA should simplify its tax code and reduce the burden of corporate taxation. In other words, replace the income tax with the FairTax and abolish the IRS.

FairTax, among other features and benefits, eliminates the corporate income tax and thereby will initiate an economic renaissance in America.

For more information about the FairTax, see http://www.fairtax.org/site/PageServer?pagename=about_faq_answers