DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - O-Nigger going after oil company "subsidies"

**jerzeygymwolf** · 03-29-2012, 11:44 PM

First.. I don't support subsidies.. But I don't support corporate taxes, either.

At all..

What happens is, the corporation never pays them. They flow through and end up entwined in the cost of gods and services.

People pay taxes, not corporations.

And, as I pointed out, tax breaks are fundamentally different from writing checks..

You are correct. corporate taxes under the current system are consumption taxes. This is why I suggested a post P&L flat corporate tax rate, or simply roll cooperate expenditures into a universal VAT type consumption tax. Let the coperation decide how much tax they pay.
You are however, dead wrong to claim forgiving a debt is any different at the end of the fiscal year from writing a check.

03-29-2012, 11:44 PM	#18
jerzeygymwolf Join Date Oct 2005 Posts 392 Senior Member	First.. I don't support subsidies.. But I don't support corporate taxes, either. At all.. What happens is, the corporation never pays them. They flow through and end up entwined in the cost of gods and services. People pay taxes, not corporations. And, as I pointed out, tax breaks are fundamentally different from writing checks.. You are correct. corporate taxes under the current system are consumption taxes. This is why I suggested a post P&L flat corporate tax rate, or simply roll cooperate expenditures into a universal VAT type consumption tax. Let the coperation decide how much tax they pay. You are however, dead wrong to claim forgiving a debt is any different at the end of the fiscal year from writing a check.
	Quote