Quote:
Originally posted by 12clicks
its bullshit to the people that don't know any better.
What is a corporation? is it a person that uses government services? no it isn't yet they are taxed.
If corporation X takes its 100million and gives it ALL to their evil CEO, the CEO will have to pay tax on the 100million. The logic that corporations should pay ANY tax is flawed and the real problem with our economy.
You need to tax the PRODUCT not the engine producing it. When you tax the engine, it makes it harder to expand. Which means fewer jobs, less productivity and just an overall less stable economy.
Oh, and to whoever it was saying show my proof. it aught to be elementary (well, for some it is) when you tax a corp on 100million, you make considerably less revenue than distributing that money out as wages and collecting tax on the wages, then collecting property tax on the houses that those wages buy, then collecting taxes on the cars that those wages buy, then on the every day goods and services those wages buy, then by taxing the wages used in building the cars and houses bought with the original wages, and so on and so on including taxing the interest the money earns in the bank.
When you take the money out at the corporate level, you take it out of the economic loop where it would be taxed over and over and over. bringing in more revenue.
shit, I just did all this typing and some of you dopes still won't get it. 
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The point most analysists are making now is that that more corporate profits won't lead to more investment.
There just isn't any demand for more products. Instead it's likely the shareholders will want any extra profit to cover losses.
Basically the only thing which has kept the economic downturn from being much worse is the consumers who have basically kept on as long as they could, investments has dropped much more.
Many believe the projected future profits are wrong for a large amount of sectors which means that stocks are currently overvalued already. Another thing which suggests most investors will add the extra money to their piles and wait and see.
Basically the only thing these corporate tax cuts will do is help the investors get more money for future investments, which are not likely to come now.
I think creating more product demand by giving the consumers more money instead of the corporations had been the better way.