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overtheedge
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A Few Facts About U.S. Tax History

- Nathan Lewis - New World Economics

"I don't agree with the notion that "corporations don't really pay taxes, people do." Actually, corporations do pay taxes. The indirect payers of these taxes is of course the corporation's shareholders, not some nebulous "people". Corporate tax rates and top individual tax rates should really be in line with each other."

You just don't get it, do you?
All monies that go to pay taxes are harvested from the consumers.
All taxes are paid from earnings derived from selling products and services to the consumer aka that nebulous "people" thingy.
If the corporate tax-rate is 35%, then the price of the product or service is increased by a minimum of 35% to cover the tax burden.

It is disingenuous to proclaim that corporate taxes are paid by the shareholders.
Yes, their dividend is decreased by their share of the tax burden.
BUT their dividend is actually paid by the consumer through the product/service pricing mechanism.

The real irony is that taxes are just a social engineering experiment in a fiat based economic system.
The politicians use the bureaucracy to decide who/what to subsidize/penalize through the tax code. Solyndra ring a bell? Welfare anyone?
And in the process, these same politicians feed the growing animosity of the less financially astute towards the more successful aka class-warfare.
Oh and then there are those enlightened economists (amateur social engineers) that proclaim nonsense such as, "Corporate tax rates and top individual tax rates should really be in line with each other."
The disproportionate tax burden is carried by those who earn the least.
Your argument just heaps more on the same beasts of burden.

So, one last time.
It is the end user aka consumer that pays ALL taxes.
Some tax monies just pass through several accounts before vanishing into the governmental black-hole.
"Notion" indeed.

Commented 3288 days ago

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Beginning of the headline :I haven't really looked into any tax issues since about 2010, when I was doing a bit of research on the flat-taxers that emerged in the 2000-2010 period. April 24, 2011: Russia Today January 17, 2010: The Futility of Raising Taxes Tax policy in the U.S. has been a locus of fairly intense discussion since the 1970s, so I figured that it was something that was already taken care of. Nevertheless, I got into a discussion about U.S. tax policy recently, and realized that my memory of th... Read More

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