Quote:
Originally Posted by legion
The tax burden is 100% on the shoulders of people, they just don't realize it. Taxing corporations (who in turn pass the tax on to consumers) is just a way for politicians to hide taxes from people.
Corporations don't pay taxes, people pay taxes.
IMO, shifting the taxes away from corporations would be more honest, as people would quickly see just how much of their money goes to the government. I suspect between federal income taxes, local income taxes, property taxes, sales taxes, and hidden taxes on corporations, most people's tax burdern exceeds 50% of their income.
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All correct, except for one thing: Corporate taxes also reduce the ability of USA manufacturing to compete in the world. Those taxes end up in the price of the product, whether used here or exported.
And products produced in low tax countries, do not pay taxes, except tarrifs, in the US.
Zero corporate, income and payroll taxes = lower final price on products, products can compete worldwide
Sales tax on ALL products means that even if you buy a product built in another country, taxes are paid to the US government. Make the playing field level here. Right now it is tipped, the wrong direction. If we make a national sales tax law, the field will be tipped to OUR advantage.