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Coffee Shop
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<blockquote data-quote="Rafter S" data-source="post: 1426842" data-attributes="member: 21194"><p>Corporations aren't some stand alone entity. While there are a few very well paid executives, their profits are shared by their stockholders. Any of you that have a mutual fund as part of an investment or retirement portfolio are among those stockholders. As CB said, any additional taxes are passed on as either higher cost of their product or lower profits paid to their shareholders. So raising taxes on corporations means raising taxes on individuals.</p><p></p><p>And please don't say that it would be making the rich pay their share. While many people like to claim they don't, it's just not true. I can't quote the numbers, but you'd be surprised how small a percentage of people pay a large percentage of the income taxes that are collected every year, in spite of any "loopholes". If you want to talk about people not playing their share, let's talk about the people that don't pay any (and it's a pretty good chunk of the population).</p></blockquote><p></p>
[QUOTE="Rafter S, post: 1426842, member: 21194"] Corporations aren't some stand alone entity. While there are a few very well paid executives, their profits are shared by their stockholders. Any of you that have a mutual fund as part of an investment or retirement portfolio are among those stockholders. As CB said, any additional taxes are passed on as either higher cost of their product or lower profits paid to their shareholders. So raising taxes on corporations means raising taxes on individuals. And please don't say that it would be making the rich pay their share. While many people like to claim they don't, it's just not true. I can't quote the numbers, but you'd be surprised how small a percentage of people pay a large percentage of the income taxes that are collected every year, in spite of any "loopholes". If you want to talk about people not playing their share, let's talk about the people that don't pay any (and it's a pretty good chunk of the population). [/QUOTE]
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