It doesn’t bother me when corporations don’t pay income tax. Corporations can only collect taxes. When you tax corporations, it is the consumer who ends up paying in the end. There should be no corporate income taxes.
You cannot get a liberal to understand this. Their economic idiocy is mind blowing. Same thing with minimum wage, they assume the business is going to eat the increase automatically when all the businesses are going to do is pass on the increase in higher prices and reduced hours for their employees.
True enough. And people should realize that taxes are paid on income, not net worth.
Corporations should be taxed on gross sales instead of net profits.
That will help the most efficient corporations prosper and grow, and punish the inefficient and corrupt corporations.
Not only the consumers,
but the shareholders and employees, too.
Actually, according to the Founding Fathers, there should be no income taxes for anyone.
I am all for reducing or eliminating income taxation on ALL corporations, and eliminating ALL special breaks for connected companies.
But the game is not just about tax avoidance, but using government to create major advantages over competitors. Many of the listed corporations spend enormous effort and money corrupting government into creating narrowly defined special tax breaks, that few if any other businesses can qualify for. Competing companies have to pay their taxes, almost guaranteeing that the big boys will stay the big boys. Since vast amounts of campaign donations, etc., come from selling the tax breaks, the odds of stopping this are about nil.
Did you notice your cable bill go down because Time Warner doesn't have to pay any taxes?