JiminGA Wrote:
Jan 14, 2013 7:10 AM
Glad to see someone else understands what "taxing" corporations means. Corporations don't pay taxes, end users do. And think what the price would be without corporate taxes in this example: 1. A yarn maker sells his yarn to a carpet maker, paying tax on his yarn profits. 2. The carpet maker uses the yarn to make auto carpet for Ford, paying taxes on his carpet profits. 3. Ford installs the carpet and sells its cars to dealers, paying taxes on the car profits. 4. The dealer sells the car, paying taxes on the sales profits. That product was taxed at least FOUR TIMES before getting into the hands of the end user, and the end user was blissfully unaware they were paying for so much in tax.