Every time I turn around someone wants to tax companies more for something. And when I make the point that it’s the consumers who end up paying the taxes. The usual response is those companies get rich off the workers. Why shouldn’t they pay more taxes?
What the same people who say just tax the companies fail to realize is companies do not have much use for money. OK Banks do. But a manufacturing business actually don’t want tons of money just lying around. Oh they want enough to cover cash flow needs. But beyond that –What good does money do a company? You can’t make things with it. You can’t sell it.
Money is what companies use to pay expenses and buy stuff. Anything they don’t use to pay expenses and buy stuff is sent to the stockholders.
Eventually ALL the money a company makes goes out the door in some form or another for something. And sooner or later it ALL ends up in the hands of individuals.
I really wish people would quit believing that it’s the companies who are RICH! Any tax that is put on the back of companies will be paid for by the consumer. The latest thing that’s being proposed is a value added tax. That means every time something changes hands and the price goes up along the way to the consumer the government wants a cut. Something as simple as a wood handled shovel goes through several hands all the way from the raw material to the final sale.
The government wants not only for companies to pay income tax on the profit they make on each sale, government wants a little piece of the action along the way. And you and I the individuals end up paying all those taxes.
Tax the individuals! If they make a 100 million dollars tax them. Don’t mess with the companies. Revise the tax codes and eliminate all the loopholes. It doesn’t take much of a mathematician to figure out that YES the upper limit on income tax needs to be higher. But it won’t do a bit of good to raise the upper limit if there are more holes in the code than in a sieve. As long as there are loopholes the rich will NEVER pay as much out of each dollar of income as the middle income people will.
Redo the code. Tax the individuals. And if they make a lot make them pay in a lot. When you have Warren Buffet admitting he pays less tax than his secretary does, you have to ask yourself what’s wrong with this picture?
Related posts:
- why don’t OBAMA people realize that taxes will only be raised on people actually making money?
- Why doesn’t the government print its own money instead of making people pay taxes?
- Why does Obama feel the need to vilify US Companies when they employ people & make money…Government steals?
- Tax on survey sites if I do not pay taxes and never have?
- Quick survey: does your company currently have a pay freeze in place?
February 14th, 2010 at 5:47 am
The sad thing is that people do not consider this. They just make decisions based not on knowledge but rather anger. There is nothing wrong with companies to make money in fact if they do not there will be large scale unemployment. The cost of living rises when the taxes are high you make your own companies to compete globally.