Fortunately for the Americans are their corporate taxes low. Something the left has never understood is that corporations are not some fat guy sitting around smoking cigars and drinking sherry. Corporations are pieces of paper. They are run by people who pay taxes on anything they receive from the corporation.
Taxing corporations results in those same people never receiving the money that they collectively earned by either investing in, or for working as an employee. It also results in weakening the competitiveness of the company in a ever increasingly competitive world. Increasing corporate taxes takes money away from where corporate employees and shareholder would spend it (after being taxed at the higher marginal tax rate of the individual involved).
The United States wouldn’t have more tax money available if it raised corporate taxes, it would have less. For all the faults the American government has, not understanding this principle is not one of them. It always amazes me how the left either refuses to acknowledge this, or likes having the corporate bogey man to blame all the world’s ills on.
Taxing corporations results in those same people never receiving the money that they collectively earned by either investing in, or for working as an employee. It also results in weakening the competitiveness of the company in a ever increasingly competitive world. Increasing corporate taxes takes money away from where corporate employees and shareholder would spend it (after being taxed at the higher marginal tax rate of the individual involved).
The United States wouldn’t have more tax money available if it raised corporate taxes, it would have less. For all the faults the American government has, not understanding this principle is not one of them. It always amazes me how the left either refuses to acknowledge this, or likes having the corporate bogey man to blame all the world’s ills on.
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