[Paleopsych] Corporations that pay no taxes
Lynn D. Johnson, Ph.D.
ljohnson at solution-consulting.com
Mon Apr 18 01:52:11 UTC 2005
The reason for that is that the government has an insane plan of taxing
corporations. Any profits are taxed, and then if the corp gives them out
as dividends, they are taxed again. People and corporations dodge taxes
when they are too high. I disagree with Steve; taxes are in fact a drag
on economies, since government spending is inherently inefficient, since
it is not constrained by market forces. See Japan as an example of high
taxes and a moribund economy; compare Hong Kong or Singapore with
vibrant economies and low taxes.
Steve Hovland wrote:
>While the middle class struggles to fulfill its tax obligations,
>60 percent of corporations pay no taxes at all.
>At a time of rising corporate profits, the GAO reports that
>95 percent of corporations paid less than 5 percent of their income
>in taxes, and 6 in 10 paid nothing at all in federal taxes from 1996
>With corporate tax dodging at a record high, and the percentage of federal tax
>revenue from corporations approaching record lows, middle class Americans
>should expect to pick up more of the tab from the Bush administration's skewed
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