Originally Posted by sperbonzo

So I hope no one is ignoring corporate taxes here. I've heard Obama talk about raising them. For anyone that is business illiterate let me put a point to you...

Business don't pay taxes. They simply add them to the cost side of the books and raise prices to compensate for that cost. THE CUSTOMERS PAY THE TAXES.

When you raise corporate taxes to the point where the pricing for that product becomes noncompetitive on the world market, the company either goes under, makes cuts in other costs.... like employees, or it simply moves to a place where the taxes are more advantageous and the business can stay competitive.

Just something to think about, since the effects of corporate taxes seems to be ignored when it comes to it's impact on the people that ACTUALLY pay them.