Corporations are 'double taxed' but the average person is double-taxed as well... triple and quadruple taxed, even. Is it unfair to double tax a corporate stockholder, but not unfair to double tax the average consumer? Somehow, the rich are the only ones who need to be protected angainst 'double tax'?
Also, you seem to think that the wealthy and the poor have absolutely equal responsibility to pay the same amount of taxes, in order to see that the garbage is collected, the people are safe, the country is protected. I think that the wealthy have a much bigger stake in America and should pay more. The wealthy benefit the most from what this country has to offer, so they should pay the most. That's not Socialism, that is 'fair play'. That may be a foriegn concept to a "Greed is Good" Republican.
Re: the question on my statement that 60% of corporations currently pay no tax: Try Google.
I take back my comment that it was different under Clinton, the figures came from a period between 1996 and 2000.
"Hiding from taxes"
"As millions of Americans prepared to give their annual pound of flesh to the IRS, the government reported that more than 60 percent of U.S. corporations didn't owe any federal taxes between 1996 and 2000.
That's right. Sixty percent paid no federal taxes.
Now that you have caught your breath, please notice that these figures come from the Clinton boom years, when one would naturally have expected the federal coffers to overflow with taxes on corporate profits.
In fact, The Wall Street Journal reported last week, corporate tax receipts actually have shrunk in recent years as a percentage of federal revenues. "By 2003, they had fallen to just 7.4 percent of overall federal receipts, the lowest since 1983, and the second-lowest rate since 1934, federal budget officials say."
The reason? Tax dodging, a venerable American institution for individuals as well as corporations, has become even more deeply rooted in the executive suites of U.S. businesses.
Lest you guess, however, that foreign-owned corporations doing business in the United States are more public-spirited, guess again. About 70 percent of them didn't pay any federal taxes during the same period.
Some tax dodges are legal, others aren't. But as with sports, Americans bend the rules as part of the game.
If Americans are concerned that corporations are dodging their responsibility, there are two broad answers. The tax code needs to be reformed to prune away tax havens, and tax enforcement should be beefed up.
Of course, when the IRS cracks down on someone else, that's great. When it does unto me, that's police brutality.
Nevertheless, it makes sense for corporations to pay taxes. Some people would argue that only individuals should pay taxes, since corporate costs, including taxes, are passed on to consumers anyway. But like individuals, corporations benefit from government services and should help to pay for them.
The amount of wealth that benefits individuals in the form of corporate perks, rather than personal income, is another reason why businesses should pay taxes. If the tax code actually encourages these perks as a tax dodge, the law should be reformed.
Of course, like individuals, some corporations, especially smaller ones, do not make money every year. But when they do, they should share in the general tax burden."