IG:
from your link:
"During the 1930's federal individual income taxes were never more than 1.4 percent of GNP. Corporate taxes were never more than 1.6 percent of GNP. In 1990 those same taxes as a percent of GNP were 8.77 and 1.99 respectively.3
So from the 1930's to the 1990's ,tax burden on individuals went up 6.5 times, but on Corps they went up 0.3 times. Nope...! no 'tax shift' there, while corp taxes remained static essentially.....no sir....
People better wake up to this swindle....
...TM7
Now TM;
I KNOW you know better than that... but there are a surprising number who still "just don't get it". If a corporation; let's say Kellogg's cereal has their taxes raised by another 6% !
DUH ! Then what happens ? Well, naturally that is folded into the cost of production for the product...and the individual who has already had his/her taxes raised far beyond where they should be...gets it in the neck again when they buy breakfast cereal for little Jimmy or Janey...
The politicians shouldn't be even considering how they can tax ANYBODY any more than than they already are !!! Wisconsin, along with many other states are already BROKE...and overspending did it ! Now their duty is to spend as minimum as possible and look diligently for further cuts. The people are being taxed to death and the corporations are being taxed out of the country...or at least out of the "blue" states.
That's the reward we get for having elected to office, people who have never run a successful business, met a payroll or dealt with a product in a highly competitive market !
It's what we get when the people elect a man to the presidency who spent his formative years in a foreign nation, developing his values in a foreign culture. It's what we get when the people elect a man who has never had to work hard for a living and spent his adult years being a "community activist"...who then represents a political party which doesn't care how we get sold out to foreign interests...as long as they can grab POWER ..even if only for a season.
Your post explains the situation well..there is no reason individuals should have had their taxes raised 6.5 times and no reason Corporations should pay ANY corporate taxes, since those taxes will only be passed on to the individual anyway.
Let's get rid of the old myth about "corporate taxes". Some folks seem to think that those who make money from corporations don't pay taxes....that is a stupid notion. Even if a corporation is not taxed a dime, any profits to any shareholder is subject to individual taxes and if a shareholder makes enough, he/she could pay up to 50% in taxes...
How would you like to pay 50% in taxes ? If you did, you may feel differently about wanting to gouge folks more !