Corporations don't pay taxes...customers

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Corporations don't pay taxes...customers - 10/9/2013 7:57:00 PM

MrRodgers

Posts: 10542
Joined: 7/30/2005
Status: offline

.....do. So we are told anyway. Well that is correct and we are told that corporate taxes should be reduced. Some even suggest that would create jobs. Well two things to consider.

One is that corporate taxes are at a 60 year low. US Corporate tax contribution to the govt. is $285 billion which comes to about 8 or 9 cents on the dollar of the total federal budget.

Plus, if low corporate taxes created jobs...where the hell are they ? The fortune 500 has not created one new net job in the US in 50+ years. Understand too that the corporation's management is charged with the fiduciary responsibility to maximize profits.

With that responsibility the corporation has not only the job of hiring the fewest people possible but to pay them as little as possible hence the search for communist labor outside the country.

The other is if corporations don't pay taxes, they don't pay wages...customers do. So think you great unwashed, reduce your pay would serve your interest if reducing corporate taxes would.

I have another OP looking at the big picture and I think you know where I am going with this. So,the next time you ask for a or even seek in anyway way...a raise, you hurt America and American society.