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Old Sep 7, 2004, 10:38 pm   #5 (permalink) (top)
Zeebadee
Volcanic Erupter
 
Posts: 3,836
"100% of corporate income taxes can be found within the cost of goods and services. Who pays Bill Gates taxes? You do. How? When you buy Windows at $199.99 (or whatever it is right now) Gates sends the government a portion of that in Income Tax. Without this tax, Gates would not have to charge you as much for Windows. Market competition therefore would reduce this price -- that is if there were any. Bad example, but this demonstrates how the government is a partial Owner of every business in America."

Wrong. Every business needs to make enough money to pay ALL it's bills, taxes included, and make a profit over and above that. If it doesn't, guess what? It doesn't stay in business. If you think that getting rid of corporate income taxes would lower everyone's individual tax bill, think again. The government would merely raise taxes on EVERYONE to make up the shortfall. At least with corporate taxes, the people that are actually using the product are the ones that are paying them.


"In the long run, the price of goods is raised to staggering levels. This makes it hard on the consumer to purchase and to start up a business. Consumer burden restricts economic growth."

Again, wrong. Your own example of Pantry making their own soda product demonstrates that it's easier to start up a business. All you have to do is undercut the sales price of your competition. If the competition has a lot of tax recoup costs in it's product, you've already got an advantage.


"Everybody knows that the boat is leaking
Everybody knows that the captain lied." - Leonard Cohen
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