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Originally Posted by GrumpyOldMan
Well, should our shouldn't there is the law. The 34,000 pages of Federal Tax code is crafted to ensure they do not.
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Except they DO pay taxes. I pay Corporate taxes each and every year. I try to minimize that amount, but I've never paid nothing...
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How to correct that is complicated and isn't going to happen as long as our corporate citizens are allow to vote with their money. The issue with that is the disparage between the voice regular citizens have (amount of money they can spend) compared to any one large corporation. We have been basically disenfranchised by proxy.
BTW, I agree completely, companies should not pay "income tax", it simply gets passed along to the eventual consumer. However, I can assure you if we repeal all corporate tax they will not pass a cent of that along to the consumer - sort of damned if you do and damned if you don't.
We need a complete tax overhaul, and that is not going to happen in this world of cooperation and friendly government.
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And that money will be taxed as income to the shareholders...
And yes, the tax code needs to be revamped... Many have run on that platform. None have been elected...