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From: rcd@opus.UUCP (Dick Dunn)
Newsgroups: net.flame
Subject: Re: Corporate Taxes
Message-ID: <807@opus.UUCP>
Date: Mon, 17-Sep-84 20:47:19 EDT
Article-I.D.: opus.807
Posted: Mon Sep 17 20:47:19 1984
Date-Received: Tue, 25-Sep-84 05:23:53 EDT
References: <947@trwrba.UUCP>
Organization: NBI, Boulder
Lines: 22

> I've been seeing RED on Mondale's notion of raising corporate taxes.
>...Where does he think the corporations *get* the money to pay
> their taxes?
>...For those of you who haven't caught on, here it is:  they get it
> from charging for their goods and services.  Surprise!  We, the
> consumers, pay it all in the end.  Wonderful.

OK, now for the bonus question:  What is the basis for the taxes?  I'll
give you a clue:  If you don't make any money, your business doesn't pay
any corporate taxes.  Yes, it's based on profits.  The whole thing is
really pretty bizarre, when you consider how different businesses require
different margins, gross incomes, etc., to be profitable.

I wouldn't mind seeing corporate taxes that had some sensible basis, but
that's incredible hard to make equitable.  Nor would I mind seeing them go
away entirely, except that all too often the folks who want to do away with
corporate taxes don't see that you need to do away with subsidies, import
quotas, and protective tariffs (and marketing orders and...) at the same
time.
-- 
Dick Dunn	{hao,ucbvax,allegra}!nbires!rcd		(303)444-5710 x3086
   ...Never offend with style when you can offend with substance.