Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Why should corporations pay taxes?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
rbnyc Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-21-11 03:40 PM
Original message
Why should corporations pay taxes?
Edited on Sun Aug-21-11 03:42 PM by rbnyc
Printer Friendly | Permalink |  | Top
OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-21-11 04:07 PM
Response to Original message
1. They are "persons" and since Citizens United Decision they have
more than a vote. They can spend any amount of money
to influence elections.
Printer Friendly | Permalink |  | Top
 
stevenelijah Donating Member (22 posts) Send PM | Profile | Ignore Sun Aug-21-11 04:11 PM
Response to Original message
2. My corporation
Edited on Sun Aug-21-11 04:14 PM by stevenelijah
The corporation I own does not pay taxes. I just pass the tax bill on to the consumer. I may write the check but the public pays the bill.

The bigger the tax bill the more joe public pays.
Printer Friendly | Permalink |  | Top
 
Zax2me Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-21-11 04:14 PM
Response to Reply #2
3. Oh yea?
What type of business is it?
Printer Friendly | Permalink |  | Top
 
stevenelijah Donating Member (22 posts) Send PM | Profile | Ignore Sun Aug-21-11 04:17 PM
Response to Reply #3
4. Service
My company has 18 employes. We offer instructional services. I have lot's of competition so I try to keep the prices as low as possible. If I did not pay taxes I would lower my prices. The taxes I pay are simply passed on to the consumer.
Printer Friendly | Permalink |  | Top
 
Zax2me Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-21-11 04:24 PM
Response to Reply #4
7. Well ,we would all like to not pay taxes.
We do live in a free market society.
So if a competitior of yours is able to absorb the cost of a tax better than you, perhaps without the passing on to customers all of the cost of that tax - then maybe your business dying out is part of the cycle.
It is competitive out there.
That's the reality of a free economy society.
Find a way to deal with the taxes like everyone else in your position or find another way to make a living.
Printer Friendly | Permalink |  | Top
 
Angry Dragon Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-21-11 05:37 PM
Response to Reply #4
14. What you say makes no sense to me
The taxes you pay are based on your profits, not your revenue.
The expenses are already taken out so it is profit minus taxes

Printer Friendly | Permalink |  | Top
 
Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-21-11 04:17 PM
Response to Reply #2
5. You can pass a tax on production to the consumer (e.g. sales tax) but not a tax on income.
If you make a hundred dollars and had to pay 1% income tax, you could raise prices the following period to raise $101, but you'd be paying the same 1% this time on $101.
Printer Friendly | Permalink |  | Top
 
stevenelijah Donating Member (22 posts) Send PM | Profile | Ignore Sun Aug-21-11 04:22 PM
Response to Reply #5
6. Taxes
Taxes are just part of the cost of doing business. All my costs (utilities, insurance, taxes, everything) is passed on to the consumer.

They don't pay for these things with a sales tax...the cost of these things is part of the service price.
Printer Friendly | Permalink |  | Top
 
Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-21-11 04:37 PM
Response to Reply #6
10. They'd have to be some form of production/service tax so that they can be passed on.
My family owns several stores all held by a corporate entity owned by the same family; the entity simply exists for liability reasons. Any income accrued can simply be reclassified as a labor cost (usually in the form of a bonus), so the entity itself makes no income on paper, so it pays no income tax. Individual family members and employees, however, are responsible for the personal income that they make.
Printer Friendly | Permalink |  | Top
 
FormerDittoHead Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-21-11 04:52 PM
Response to Reply #2
12. Nice to be in a market where there is no meaningful competition. n/t
Printer Friendly | Permalink |  | Top
 
begin_within Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-21-11 04:25 PM
Response to Original message
8. Why? Because corporations receive benefits from the government.
Printer Friendly | Permalink |  | Top
 
Squeech Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-21-11 04:32 PM
Response to Reply #8
9. Exactly
Not actually being a real person, a corporation may not need health care or a driver's license.

But if you think a corporation, especially a small closely held corporation, can maintain in a world where it doesn't have access to, say, the court system to enforce contracts and defend it against ripoffs, then I invite you to go live and do business on one of those artificial island nations the Google CEO wants to build.
Printer Friendly | Permalink |  | Top
 
Tennessee Gal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-21-11 04:38 PM
Response to Original message
11. Corporations benefit from a load of government services.
Like these and many more:

The printing of our currency, public roads, rural electrification, government subsidized telephone wiring, satellite communications, police protection, military protection, the criminal justice system, fire and paramedic protection, an educated and immunized workforce, protection against plagues, public-funded loans, protection from business fraud and unfair business practices, the protection of patents and copyrights, research and development, collection and analysis of data, preventative economic policies by the Federal Reserve Board, the Federal Energy Management Agency, infrastructures, agricultural and biological services, the National Weather Service, and public job training.
Printer Friendly | Permalink |  | Top
 
ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-21-11 05:26 PM
Response to Original message
13. Because while using resources paid for by humans they earn money
If they don't pay for the roads then we do - and yes, I understand completely the argument that they pay with "our money", that which they got in trade for their products. But that's nonsense, its not "our money" any more, not once we trade it for product. It is the corporation's profit that needs to be taxed just as any profit I might earn by my endeavors would be.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sun May 05th 2024, 11:15 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC