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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
Posted by OceanMan
Member since Mar 2010
20086 posts
Posted on 11/11/17 at 10:40 pm to
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 by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69494 posts
Posted on 11/12/17 at 12:41 am to
quote:

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.
It's absolutely incredible the amount of people who think that companies/rich people "horde" money. It literally is the opposite of capitalism.
Posted by CorporateTiger
Member since Aug 2014
10700 posts
Posted on 11/12/17 at 2:20 am to
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.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124713 posts
Posted on 11/12/17 at 8:43 am to
quote:

It's absolutely incredible the amount of people who think that companies/rich people "horde" money. It literally is the opposite of capitalism.
It is the attitudinal foundation for Obamanomics. Obamanomics is responsible for crushing Velocity of Money.

Posted by texridder
The Woodlands, TX
Member since Oct 2017
14296 posts
Posted on 11/13/17 at 12:43 am to
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 by Tigerdev
Member since Feb 2013
12287 posts
Posted on 11/13/17 at 12:54 am to
Its even more amazing how many people think that corporations/rich folks increase wages and hiring based on tax expenditures.
Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 11/13/17 at 1:36 am to
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.
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