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re: Corporate income tax is borne primarily by labor and workers, research shows.
Posted on 11/11/17 at 10:40 pm to TBoy
Posted on 11/11/17 at 10:40 pm to TBoy
quote:
Let's say I will give you $1 million, no strings attached. Will you chose to give it away to people who have helped you? Or will you put it in your own pockets?
You are talking about a corporation though..whose pockets?
They either have to reinvest in themselves, or pay the extra earnings out to owners, i.e. the public.
Posted on 11/12/17 at 12:41 am to OceanMan
quote:It's absolutely incredible the amount of people who think that companies/rich people "horde" money. It literally is the opposite of capitalism.
You are talking about a corporation though..whose pockets?
They either have to reinvest in themselves, or pay the extra earnings out to owners, i.e. the public.
Posted on 11/12/17 at 2:20 am to HailHailtoMichigan!
Even liberals should support abolishing corporate income taxes. If they feel it was necessary to make up that revenue then increase capital gains tax or the highest tax bracket(s) to get the money from “the corporate fatcats.”
Yet that will never get support on the left because taxing corporations is a good punching bag even if it is, in many cases, a regressive tax.
Yet that will never get support on the left because taxing corporations is a good punching bag even if it is, in many cases, a regressive tax.
Posted on 11/12/17 at 8:43 am to HailHailtoMichigan!
quote:It is the attitudinal foundation for Obamanomics. Obamanomics is responsible for crushing Velocity of Money.
It's absolutely incredible the amount of people who think that companies/rich people "horde" money. It literally is the opposite of capitalism.
![](https://imgur.com/09ng6wC.jpg)
Posted on 11/13/17 at 12:43 am to NC_Tigah
quote:
It is the attitudinal foundation for Obamanomics. Obamanomics is responsible for crushing Velocity of Money.
What policy of Obamanomics is responsible for the decline in the Velosity of money?
What policy of Bush II caused the decline in the Velosity of money during his presidency?
Are the two related? If so, how?
Posted on 11/13/17 at 12:54 am to HailHailtoMichigan!
Its even more amazing how many people think that corporations/rich folks increase wages and hiring based on tax expenditures.
Posted on 11/13/17 at 1:36 am to HailHailtoMichigan!
It takes a suspension of all rational thought to not realize ALL taxes on business are passed directly to the consumer.
This is really not even a point that a rational person would argue.
This is really not even a point that a rational person would argue.
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