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"Corporations don't pay taxes, people do", Marcia Blackburn (R) Tenn. How to decrease our taxes, yet

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grahamhgreen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-10 09:07 PM
Original message
"Corporations don't pay taxes, people do", Marcia Blackburn (R) Tenn. How to decrease our taxes, yet
increase revenue.

Marcia Blackburn stated on 'Meet the Press" today the republican talking point that "Corporations don't pay taxes, people do".

What they claim is that if you raise taxes on Corp's, they simply pass the costs on to consumers.

IF TRUE, we can eliminate the personal income tax, and only tax corporations!

I call it my "No Tax" plan.

By only taxing corporations, we free up the IRS to really go after these bastards!

We can use their own talking point against them and usurp their anti-tax base.
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Lint Head Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-10 09:36 PM
Response to Original message
1. I think it should be illegal for corporations to pass the cost of taxes
to the consumer. It should be the cost of doing business just like buying a business license.
Do not outlaw corporate taxes but make it illegal to pass it on to consumers.
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Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-10 09:39 PM
Response to Reply #1
2. That is absolutely impossible.
Edited on Sun Apr-18-10 09:39 PM by Zynx
How would you mechanically do that? Also, the burden would get passed on to the owners of capital anyway. The corporations can't serve as sinks for taxes. Someone will bear their cost.
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harkadog Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-10 10:14 PM
Response to Reply #1
5. Any cost of doing business is passed to the consumer.
The business license, the electric bill, the cost of employees, everything.
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Cresent City Kid Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-10 10:22 PM
Response to Reply #5
6. Especially the cost of CEO's.
Why can't we tax them?
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harkadog Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-10 10:30 PM
Response to Reply #6
7. The CEO's salary is taxed.
Maybe not as much as we would like but it is taxed.
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anigbrowl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-10 11:07 PM
Response to Reply #1
11. Er...that's sort of meaningless
For example, a business license is usually calculated as a percentage of revenue. I think you need to revisit basic accounting concepts.
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Fla_Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-10 11:18 PM
Response to Reply #1
12. Wow
I'm stunned. :smoke:

A tip... the cost of doing business IS passed on to the customer.
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Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-10 09:42 PM
Response to Original message
3. From an economic perspective, this is actually entirely correct.
Costs are all borne by one of the following:

1. Owners of capital
2. Consumers
3. Workers at the corporations

There is a great deal of consensus among economists on this point. Even fairly left of center economists here at the University of Wisconsin would tell you the same.
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salguine Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-10 09:44 PM
Response to Original message
4. The Supreme Court just said corporations ARE people.
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msongs Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-10 10:31 PM
Response to Reply #4
8. yep and eliminate ALL corporate tax writeoffs and deductions. let execs pay for their own
meals at superexpensive restaurants or they can eat at McD's since they cant write off their extravagances anymore.

Msongs
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ashling Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-10 11:00 PM
Response to Original message
9. In effect making corporations tax collectors
by farming out the collection of taxes to them.

I realize that is not your intent.
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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-10 11:03 PM
Response to Original message
10. Does this mean corporations are not people?
Someone tell the Supreme Court!
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Fla_Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-10 11:23 PM
Response to Original message
13. Too much power is lost
Can't eliminate personal income tax, too much political power would be lost. Ya can't campaign on what isn't there. :evilgrin:
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classysassy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-19-10 12:19 AM
Response to Original message
14. Blackburn just another good ole gal from dixie
lying again just like the rest of the republican hags.When was the last time a black congresswoman was on one of those sunday morning gab fests?when will Maxine Waters appear or Norton-Holmes both are much more informed that the Bachman,Blackburn,Fox lying hags.
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