GOVEROTRAGEOUS: Zero the corporate tax rate

Wednesday, September 17, 2014

https://secure.downsizedc.org/blog/your-penny-toward-a-whopper

September 11, 2014
Your Penny Toward a Whopper
By James Wilson

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I’m angered that Burger King has fled to Canada as a tax shelter. But I’m not angered at Burger King, which has only done what it thinks is best for its shareholders. I am, rather, angered at YOU. It isn’t Burger King that created the HIGHEST CORPORATE INCOME TAX in the world. YOU did that. And I DO NOT CONSENT!

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“Corporations are merely tax collectors; not taxpayers. They merely pass their costs along.” Lawrence Alan “Larry” Kudlow is an American economist, television personality, and newspaper columnist. August 26, 2014 0830 on WMAL Mornings on the Mall Brian Wilson and Larry O’Connor

Essentially, taxing corporations hides the tax load on individuals. That’s one of the purposes of Big Gooferment is conceal how much tax we individuals are really paying. IF we knew, then the tax revolts would really start.

Add to that, the OTHER taxes that corporations pay (e.g., gas; utility; FICA for employees; “real estate”) also get passed along in their products. So when I go to the supermarket and buy a can of beans, I can’t tell how much of the price is cost of the beans, the cost to put the beans in the can, the cost of getting the can on the shelf, and the taxes paid along the way. It’s incalculable. And you politicians just love it that way.

Also, there is a another hidden layer of taxes buried in that can of beans, all of the costs of capital investment have taxes hidden in. Campbells buys a new machine to put beans in the can; how much in taxes is buried in that cost? Don’t forget the gas tax for the truck that delivered it. All buried.

Even worse is that the result of corporate taxes fall on the poor because they have spend to survive, those on fixed income who should be getting a break, families who have to spend, and the illegals who don’t get the full benefit of the taxes they are paying.

Bottom line: Only “real people” pay taxes.

My bottom line: I believe folks would be in revolt if they really knew how much in taxes they are paying.

Zero the corporate taxes. Cut the size of government.

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RANT: Triple the tax

Wednesday, February 22, 2012

http://online.wsj.com/article/SB10001424052970204880404577225493025537660.html?mod=WSJ_hp_LEFTTopStories

REVIEW & OUTLOOK    FEBRUARY 22, 2012
Obama’s Dividend Assault
A plan to triple the tax rate would hurt all shareholders.

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President Obama’s 2013 budget is the gift that keeps on giving—to government. One buried surprise is his proposal to triple the tax rate on corporate dividends, which believe it or not is higher than in his previous budgets.

Mr. Obama is proposing to raise the dividend tax rate to the higher personal income tax rate of 39.6% that will kick in next year. Add in the planned phase-out of deductions and exemptions, and the rate hits 41%. Then add the 3.8% investment tax surcharge in ObamaCare, and the new dividend tax rate in 2013 would be 44.8%—nearly three times today’s 15% rate.

Keep in mind that dividends are paid to shareholders only after the corporation pays taxes on its profits. So assuming a maximum 35% corporate tax rate and a 44.8% dividend tax, the total tax on corporate earnings passed through as dividends would be 64.1%.

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So instead of reducing the corporate tax and the dividend tax, BHO44 is increasing it.

How stupid!

This election will be critical.

Reelect and we are so <synonym for the past tense of the procreation act.> Even the worst R, won’t follow through on these tax increases.

Why should a corporation be an “American” company?

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