tag:blogger.com,1999:blog-31762465.post2139675693242884959..comments2023-09-28T06:26:07.114-04:00Comments on Hugh McBryde (<i>the Modern Pharisee</i>): The Rich NEVER pay taxesHugh McBrydehttp://www.blogger.com/profile/16926516260588481185noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-31762465.post-58240014620345164182008-10-10T21:43:00.000-04:002008-10-10T21:43:00.000-04:00Pliggy, my point is that in general, there should ...Pliggy, my point is that in general, there should be no corporate taxes. Strictly speaking, corporations don't even exist. They're all owned by individuals, directly or indirectly. <BR/><BR/>The benefit of NOT taxing corporations is that you and I are no longer blind to how much we're being charged by the Government. Only INDIVIDUALS pay taxes, and the individuals who are wealthy do not.<BR/><BR/>Some percentage of the upper crust of society merely manipulates the economy and taxes have virtually no effect on them. As I said, they simply pass it on.Hugh McBrydehttps://www.blogger.com/profile/16926516260588481185noreply@blogger.comtag:blogger.com,1999:blog-31762465.post-67225457255593474282008-10-10T21:34:00.000-04:002008-10-10T21:34:00.000-04:00I agree with you, but the Government is not losing...I agree with you, but the Government is not losing money, the consumer is. Whether the tax is at the pocket of the Corporations, or at your pocket, or (by far the worst of all) the government taxes no one and just borrows the money and causes inflation and the need for higher taxation in the future to pay it off. You pay no matter what. <BR/><BR/>A flat Corporate tax is the least of the three ways of raising funds to hurt the consumer, even though they ALL do.Pliggyhttps://www.blogger.com/profile/13093939505833710898noreply@blogger.comtag:blogger.com,1999:blog-31762465.post-17275352233406832522008-10-10T20:50:00.000-04:002008-10-10T20:50:00.000-04:00Pliggy, but YOU pay the corporations income tax bi...Pliggy, but YOU pay the corporations income tax bill. It's an input like the iron and plastic and leather in a car. An automobile manufacturer simply distributes its tax bill proportionally to the products it sells. <BR/><BR/>They don't pay taxes. Government just makes goods and services more expensive and less accessible.Hugh McBrydehttps://www.blogger.com/profile/16926516260588481185noreply@blogger.comtag:blogger.com,1999:blog-31762465.post-22289985505340281102008-10-10T20:12:00.000-04:002008-10-10T20:12:00.000-04:00You are correct, and wrong at the same time. The S...You are correct, and wrong at the same time. The Super Rich do not pay income taxes because of tax shelters or tax exemt "Foundations". Corporations DO pay income taxes and pass that cost on to the consumer, but the government still gets the money the Corporations cannot hide. And oil companies already pay practically the least amount anyway, because of government subsidies. And stock<BR/><BR/>If you want to eliminate double income taxation, get rid of the personal income tax**, which is much more intrusive and illegal in a supposedly free country. there is not even a Federal Law passed by congress requiring Citizens to pay taxes on their labor, only an Amendmant "allowing" them to.<BR/><BR/><BR/>**the income tax is a form of welfare for the poor (EIC,CTC) and the rich (Dividend/Capital Gains income taxed at %15 regardless of tax bracket), and the middle class gets soaked.Pliggyhttps://www.blogger.com/profile/13093939505833710898noreply@blogger.com