said by fAcEtIOUs:said by backness:Interesting logic.
Why should some be excluded from taxation while others pay? McDonalds pays for their property to be in business. Residents pay their taxes on their property and income (and also on any improvements). Why do you set a double standard for a telco?
I don't. I don't think there should be any
corporate taxes at all since they are merely
passed on to customers in any case. Taxes on corporations are merely ways for cowardly & deceitful politicians to hide their money grabs.
And besides, corporate taxes are regressive because they always hit the customers and NOT the stockholders. So those least likely to be able to afford higher taxes are the ones who really pay for corporate taxes.
If politicians were honest(ROTFLMAO) they would pass more progessive income taxes and not corporate taxes. But they are bought & paid for by the richest Americans.
The fact that all these uninformed voters RANT CONSTANTLY about corporate taxes shows that the politicians have FOOLED most of the people. But believe me, the rich aren't fooled.
So, cheer on all the corporate taxes you want, because if they do that instead of raising income tax rates, I'll laugh all the way to the bank.
There seems to be relatively irrational belief among many conservatives that corporate taxes are simply passed on to consumers in the form of higher prices. It leaves out the obvious - if companies felt they could simply raise prices, they'd do it whether there were taxes or not. After all, why leave money on the table? Conversely, if they feel the consumer is already paying as much as the consumer is willing to bear, they'll be very careful about passing on any increases in their own costs, and if there are any new costs (including taxes) they'll probably absorb the bulk of them. Put another way - he who is desperate pays, and he who is more desperate pays more. If the seller's supply curve is more inelastic than the buyer's demand curve, the seller will absorb more of the taxes - even taxes on the buyer. If the buyer's demand curve is more inelastic, the buyer will absorb of taxes, including corporate taxes.
