A corp is a person under the law and actually the profits of the corp are double taxed.
They are taxed as profits and then taxed again as income to the owners of the company (share Holders)
If a person were to make 100,000 they would pay 33% in taxes.
If a corp were to make 100,000 they would end up paying 60+% in taxes as the money goes through the owner.
33% tax as a person and more as income to the share holder 14 to 20% and we are talking federal only.
And those taxes or costs are added into the cost of the good or service. As an owner you want to make X dollars after taxes to pay your bills, You will work out your pricing so that you add in your taxes, over head, staff, and product costs into your price. When people say corperations don't pay taxes they don't they are built into the cost of the good that you as a consumer pay. If those taxes were lower then the price would be lower leaving you more $ to purchase items you want (first rule of economics unlimited wants limited resources) 2nd rule is a price is only as high as what people are willing and able to pay. Would I pay $1 million for a super (what ever product) car, house on the beach, hunting farm... What ever. Yep! if it is the best I am all over it. Am I able to pay $1 Million for it. Nope. Do I want that Item if I ever were able to .. Yep.
Lowering the taxes on corperate income would increase investment in corperations and create welth that can be used or pased on.
Lowering the taxes on corperate income would lower the cost of the goods creating higher demand for the good by a demand shift, almost like having a cheaper subsitute good.
Your 401K, pension plan or other stock market based savings is being double taxed. If it were only taxed at ONE level you would grow wealth faster. Be more likely to invest that would create more jobs and raise incomes.
I really hate when you get the class envy crap that is used by the communists / leftists that goes against basic Macro Econ 101 stuff.
If I knew how to draw graphs on this thing I could teach a 2 minute Econ lesson every day. All higher taxes do is hurt the poor. It will stop upward movement, kill invention, kill innovation, kill technoligy, and kill wages.
What we need more than a 3rd party is a 30 second professor on the TV every night explaining basic Econ and Con Law like the education Rock used to do about how a bill becomes a law and conjunction junction to teach the illiterates how to speak. if people were informed about these two subjects the Pinko commie bed wetters in congress and the white house would not be able to ... well they never would have been there in the first place if people understood that you can not tax and spend into a recovery.
