Why You Should Support Lower Corporate Taxes

Discussion in 'Economy' started by Toro, Nov 3, 2007.

  1. Toro
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    Toro Diamond Member

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    Because higher corporate taxes lowers the rate of wages paid by more than the corporate tax paid.

    http://users.ox.ac.uk/~mast1732/RePEc/pdf/WP0707.pdf
    http://worthwhile.typepad.com/worthwhile_canadian_initi/2007/10/why-progressive.html
     
  2. Paulie
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    Paulie Platinum Member

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    Do you directly benefit from lower corporate taxes? Do you get a corporate pay check?
     
  3. mattskramer
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    mattskramer Senior Member

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    I am not that knowledgeable about corporate tax laws and rules but it seems to me that if you raise corporate tax rates, it encourages business owners to move their companies overseas and hire people in those countries that you moved to. America not only loses what corporate tax you would have received had it not raised taxes, but it also loses income tax that it would have received from American workers who are now practically replaced by foreigners working for the company in foreign lands.
     
  4. Mr. P
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    Mr. P Senior Member

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    First, corporate taxes are payed by the consumer through the retail price of goods. So, yes we all benefit from lower corp taxes.
     
  5. Toro
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    Toro Diamond Member

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    All taxes paid by corporations are taxes paid by people.
     
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  6. manu1959
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    manu1959 Left Coast Isolationist

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    as one of five owners of a 220 person 50 million / year corporation that does about 10 million in net profit ..... the corporation doesn't pay taxes .... the corporation distributes profits to its employees in and share holders in the form of bonuses and the individuals pay the taxes.....
     
  7. LuvRPgrl
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    LuvRPgrl Senior Member

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    ALL taxes suck. Its a crime.
     
  8. JeffWartman
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    JeffWartman Senior Member

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    Bingo.
     
  9. Working Man
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    Working Man Member

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    A corporation who generates jobs and wealth for its employees is an asset worth investing in. So long as the benefits stay inside of the 50 US states. Puerto Rico should think about what it is doing by dumping its garbage onto US soil. If PR doesn't shape up, turn the whole island into a target range and suspend the tax breaks.
     
  10. Sf101
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    Sf101 Rookie

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    A problem with this is the survey which was taken in TEN different countries. Doesn't tax law vary by country or is uncle sam a national phenomenon.

    Another thing I pay $90 on average in taxes every week on my paycheck. Tell me is that corporate taxes or am I stealing every time a tax refund comes along.
    :eusa_wall:
     

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