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Originally Posted by August
Nice bit of disinformation there Sky. Corporate profits go to their shareholders who pay income tax. What you're arguing for is basically double taxation. Taxing the same profit twice.
Like I said. The Federal government has no right to regulate the pay of private citizens. You want to talk about the death of a democratic regime, there it is.
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the question is, how much of those "income taxes" are never paid because the super rich (who own a large chunk of stocks) are dodging taxes as much as they can too. In a perfect world, sure, all us little guys who pay what we are supposed to pay because we can't hide our boats in the virgin islands, or live in Monaco tax free for long enough not to pay us taxes, would give a lot of money back in taxes. The sad part is, with our tax system...that is not the case. Besides, If they are supposed to pay taxes they should. why pass off the bill on somebody else because corporations hate paying their share like they do giving their workers a decent wage?
now, in this climate of Cut, Cut, Cut, Cut, us the little guys keep getting asked for more and more, either through program cuts or tax hikes on subtle things, while The super rich get away with paying lower tax rates than many middle class brackets.