All business taxes are paid by customers. All attempts to shift taxes to the rich, shift it to business owners, which shifts it right back to customers. Tax the rich, and you pay it yourself when you buy the milk at the store.
For me, the most important thing we can do is to separate IRS from the average citizen. You will always pay taxes. There is no reason, however, that average citizens should have to deal with the annual April 15 madness.
This is something to work toward regardless of who the next president is.
Businesses already collect the tax from their employees and send it on, based on a table. That should be the end of it. Whatever percentage we agree on, fine. The company who is already withholding it, withholds it and sends it in. They deal with IRS (or whatever replaces IRS). The average employee who is not a company should have no contact with them and no responsibility to them.
This entire thread and article by Forbes is FALSE. Every accusation by Forbes about this being a hidden tax or onerous European style VAT tax is FALSE.
For a CORRECT analysis of Cruz’s tax plan.. Please read the Tax Foundation’s take.
http://taxfoundation.org/blog/ted-cruz-s-business-flat-tax-primer
The reform plan does this:
- creates more tax payers
- flattens the tax payer curve by repealing the IRS, repealing the Socialist enabling Progressive tax rates
- uses the flat tax concept on all businesses (including nonprofits that are the love of Leftists and Socialists)
- forces imported products to pay the corporate tax rate that steal American jobs
- enables American businesses to EXEMPT foreign exports (which create jobs) from the business tax, thus allowing American busineses to compete on an equal footing with foreign businesses
- repeals all progressive tax rates which takes power away from tax courts, lawyers, government and regulators and gives FREEDOM, LIBERTY and PROSPERITY to AMERICANS.
- duh, it uses simple math not secret, complex, onerous regulations that number in the thousands that trip up almost any taxpayer
Why you ask? Because taxes on companies are hidden from the taxpayer, so generally the public doesn't care.
Most of my friends are reasonably well informed and intelligent, but they generally cannot say more than a few words about corporate taxes and almost none of them know that the US has one of the highest (if not the highest) corporate tax rate.
Also think of the benefit our corporations would have in sending goods overseas.