Money
Member
- Oct 5, 2011
- 91
- 17
- 6
If you've ever run a US corporation and you paid nearly 30% in corp tax, you probably had such an amazing year that you let it catch you by surprise or you were too cheap to hire a tax-pro or become one yourself.
Whatever the reason, it is your own damn fault not Bush or Obama's. I gather that our tax system drives corporate retained earnings into capitalization and salaries/bonuses.
This is why businesses don't really pay that stuff, anyways. If you think the rate is too high, you probably don't understand what's going on. If you think businesses are 'getting away' with cheating taxes, the same applies: you're not counting on the combined tax liability from employing folks, for starters.
Whatever the reason, it is your own damn fault not Bush or Obama's. I gather that our tax system drives corporate retained earnings into capitalization and salaries/bonuses.
This is why businesses don't really pay that stuff, anyways. If you think the rate is too high, you probably don't understand what's going on. If you think businesses are 'getting away' with cheating taxes, the same applies: you're not counting on the combined tax liability from employing folks, for starters.