Scoot and TM-
Do not the INDIVIDUALS that make up a corporation already pay taxes on their income? Why is it that you feel they should be taxed twice? Maybe that is why they are moving the jobs offshore......
Oh I don't know perhaps because that's the way our tax structure was suppose to be to begin with
Individuals were never suppose to be taxed , only corporations, businesses etc that made things.
"...a national revenue must be obtained; but the system must be
such a one, that, while it secures the object of revenue it shall not be
oppressive to our constituents."
- James Madison
The Act went on to imposed taxes, not on Congress' constituents, but on specific "goods, wares, and merchandise, imported into the United States", and not one dime was raised under the Act by internal taxation! Internal taxes were frowned upon by the Founders, especially when a national revenue could be had by requiring foreigners to pay for the privilege of doing business on American soil!
It wasn't until 1909 with the introduction of the 16th amendment was an individuals personal income allowed to be taxed. Now it has totally flip flopped, Corps pay nothing and the laborers pay everything.