We Pay Corporate Taxes (not corporations) 09/29/2011
As my co-worker Bill is fond of saying, "...corporate taxes don't exist." Think about it. Ultimately, businesses pay taxes from whatever profits they reap from us buying products, goods and services. Businesses rarely use a pricing model that reduces their profit margin and so the end result is that when you raise corporate taxes, companies just charge higher prices passing the taxes onto me and you; consumers. I'm not saying that we should end the corporate taxes, but if we understand that we're the ones who eventually pay it- that it all ends up in our laps eventually when we buy goods and services- I think it will help us stop blaming "evil corporate America" and start thinking clearly about how to get out of the mess we've made of things. Comments09/29/2011 18:33
This is actually what brought it on: http://mobile.nytimes.com/article;jsessionid=74607DAC232BB06E2018CD54143A993C.w6?a=846735&single=1&f=28
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