Comments on: Do Corporations Pay Taxes – Yes they do! No they don’t! http://brokengovernment.wordpress.com/2008/02/28/do-corporations-pay-taxes-%e2%80%93-yes-they-do-no-they-don%e2%80%99t/ Some clear thinking about our nation's problems and the election Mon, 23 Nov 2009 23:59:26 +0000 http://wordpress.com/ hourly 1 By: llabesab http://brokengovernment.wordpress.com/2008/02/28/do-corporations-pay-taxes-%e2%80%93-yes-they-do-no-they-don%e2%80%99t/#comment-572 llabesab Sun, 15 Feb 2009 21:01:01 +0000 http://brokengovernment.wordpress.com/?p=34#comment-572 Corporations do not pay taxes. Oh, yes, they do file tax returns, but the monies they send along with those returns are not "paid taxes." They are the result of remitting the extra amount by which they raised prices. Example: Washington raises the corporate tax rate to 50%. Corporations will merely increase their pricing to cover the increase. Does anyone out there understand that "corporate pricing" of any product is a simple equation. Product cost=cost of raw materials plus cost of plant maintenance plus cost of labor plus cost of shipping plus taxes imposed plus X% profit plus whatever else the corporation can think of. Corporations do not pay taxes. Oh, yes, they do file tax returns, but the monies they send along with those returns are not “paid taxes.” They are the result of remitting the extra amount by which they raised prices. Example: Washington raises the corporate tax rate to 50%. Corporations will merely increase their pricing to cover the increase. Does anyone out there understand that “corporate pricing” of any product is a simple equation. Product cost=cost of raw materials plus cost of plant maintenance plus cost of labor plus cost of shipping plus taxes imposed plus X% profit plus whatever else the corporation can think of.

]]> By: Hugo http://brokengovernment.wordpress.com/2008/02/28/do-corporations-pay-taxes-%e2%80%93-yes-they-do-no-they-don%e2%80%99t/#comment-518 Hugo Thu, 06 Nov 2008 23:46:59 +0000 http://brokengovernment.wordpress.com/?p=34#comment-518 But Mark, either President Obama does propose those "insane" increases, or else he breaks his word. Which is the lesser transgression of the commonweal? But Mark, either President Obama does propose those “insane” increases, or else he breaks his word. Which is the lesser transgression of the commonweal?

]]> By: Mark http://brokengovernment.wordpress.com/2008/02/28/do-corporations-pay-taxes-%e2%80%93-yes-they-do-no-they-don%e2%80%99t/#comment-516 Mark Thu, 06 Nov 2008 18:26:30 +0000 http://brokengovernment.wordpress.com/?p=34#comment-516 I think they do know it but do not care. Now that Obama has been elected, you will see some insane tax increases to support his spending plans. One thing most folks don't understand is that the entity that is called the "corporation" does not pay taxes, own assets, or even hold wealth. At the end of the day, when a company has a profit, it is either re-invested or is paid to the shareholders. At that point, that is when a "corporation" pays taxes and since a corporation doesn't have wealth it can't pay taxes, only people. I think they do know it but do not care. Now that Obama has been elected, you will see some insane tax increases to support his spending plans.

One thing most folks don’t understand is that the entity that is called the “corporation” does not pay taxes, own assets, or even hold wealth. At the end of the day, when a company has a profit, it is either re-invested or is paid to the shareholders. At that point, that is when a “corporation” pays taxes and since a corporation doesn’t have wealth it can’t pay taxes, only people.

]]> By: K.Price http://brokengovernment.wordpress.com/2008/02/28/do-corporations-pay-taxes-%e2%80%93-yes-they-do-no-they-don%e2%80%99t/#comment-147 K.Price Thu, 10 Apr 2008 20:04:52 +0000 http://brokengovernment.wordpress.com/?p=34#comment-147 Government is the problem not the solution.A Fair or Flat Tax coupled with a sane energy policy is what we need. Government is the problem not the solution.A Fair or Flat Tax coupled with
a sane energy policy is what we need.

]]> By: hughvic http://brokengovernment.wordpress.com/2008/02/28/do-corporations-pay-taxes-%e2%80%93-yes-they-do-no-they-don%e2%80%99t/#comment-67 hughvic Sun, 02 Mar 2008 23:39:36 +0000 http://brokengovernment.wordpress.com/?p=34#comment-67 Barack Obama is an eloquent Illinois attorney seeking to parlay his congressional experience into the Presidency. Abraham Lincoln once was an eloquent Illinois attorney seeking to parlay his congressional experience into the Presidency. One very big difference between the two is that one of them saw corporate capitalism as key to the nation's postwar prosperity and advancement. Barack Obama is an eloquent Illinois attorney seeking to parlay his congressional experience into the Presidency. Abraham Lincoln once was an eloquent Illinois attorney seeking to parlay his congressional experience into the Presidency. One very big difference between the two is that one of them saw corporate capitalism as key to the nation’s postwar prosperity and advancement.

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