Tuesday, September 18, 2012

Corporations Are Not People

Corporations are not people, however corporations are made up of people (employees, customers/clients, shareholders, etc.).  Therefore, whenever a corporation (or any organization for that matter) is taxed, the underlying people are truly the ones paying the taxes in either decreased wages/benefits (employees), increased prices (customers/clients), and decreased returns (investors, including common citizens with IRA's, 401(k)'s, 403(b)'s, etc.).  Those that wish for corporations to pay more in taxes are asking for 1. reduced compensation to workers, 2. higher prices for consumers, and 3. less retirement income for all investors.

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