Comments on: Chart of the day: U.S. corporate tax revenues

By: TinyOne

TinyOne — Mon, 06 Dec 2010 19:15:53 +0000

Link to the definition of Tax Incidence, posted without comment.

http://en.wikipedia.org/wiki/Tax_inciden ce

By: AlanReuters

AlanReuters — Sun, 05 Dec 2010 00:58:47 +0000

So…
since it doesn’t bring in any money anyway…
can we eliminate this tax that so distorts incentives and end the charade that corporations pay taxes? Finally recognize that it’s really owners, workers and consumers who actually pay the tax?

Or do we keep it in place, thus providing full employment for lobbyists and crooked Congressmen?

By: m.jed

m.jed — Sat, 04 Dec 2010 16:45:46 +0000

Subchapter S and FICA contributions. You probably should’ve presented with comment.

By: politicalcalcs

politicalcalcs — Sat, 04 Dec 2010 16:45:19 +0000

Better charts of the day – the total amount of how much U.S. businesses have paid in federal corporate income taxes, payroll taxes and combined taxes, as a percent share of annual GDP, since 1946:

http://tinyurl.com/29qsl8v

Comments provided at the link.

By: davidzet

davidzet — Sat, 04 Dec 2010 12:06:17 +0000

More good reasons to shift the tax base to property or consumption. Doesn’t matter what kind of person you are…

By: Dollared

Dollared — Sat, 04 Dec 2010 04:51:26 +0000

The affluent aren’t condescending to us. They are lying through their teeth and stealing from our children via deficit funding of subsidies and tax cuts. Now they want to steal directly from us via raiding the Social Security trust fund.

And the media does not challenge them on their lies.

Put it this way: the lobbyists are just doing their jobs. The media are not.

By: Dollared

Dollared — Sat, 04 Dec 2010 04:47:00 +0000

And the media does not challenge them on their lies.

Put it this way: the lobbyists are just doing their jobs. The media are not.

By: Rosalinda

Rosalinda — Sat, 04 Dec 2010 00:01:03 +0000

Can we ever get the affluent to stop condescending to us. We just don’t believe the nonsense they and their Legislators pour into sound bites.

By: wcw

wcw — Fri, 03 Dec 2010 23:30:38 +0000

If you don’t tax corporate persons, then all individuals with the wherewithal to do so will become corporate persons for as many purposes as is humanly possible. Indeed, there’s a lot of that going around already. For the reductio ad absurdum version, see the recent Cohen-Levy/Assor conviction for tax fraud. The scandal isn’t what Cohen-Levy and Assor did that was illegal. The scandal is how close what they did was to being legal.

By: donhalljobs

donhalljobs — Fri, 03 Dec 2010 22:34:00 +0000

I suppose that’s what happens when you throw lobbyists at the government for 50 years. That said, I don’t really see the point of a corporate tax. Just treat dividends and capital gains as regular income, and adjust the tax brackets, in my opinion.