Msg. 10403 of 54959 (This msg. is a reply to
10371 by
tkc)
Jump:
How can we rationalize the statement made by itt Romney and others that "corporations are people too!" with this idea that they should not pay any corporate tax. Will we have the absurd situations that corporations could become part of the forty seven percent that Mitt Romney is so distainful of?
Regards,
Joe
To say that "God exists" is the greatest understatement ever made across space and time.
Hi CF, eliminating corporate tax would make US corps much more competitive in the global market - increasing sales, creating jobs and thus increasing individual tax revenue. Don't know how it would all work out though. Consider Sub S corps, they don't pay tax, profit or loss is passed on to individual shareholders. If profitable the individual reports his/her portion as income - even if it was plowed back into the business and no cash was distributed. If applied similarly to all corp profits that might work. (thinking out loud)
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