Can it be TRUE?!
Well according to the accompanying chart, it certainly CAN...and is!
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https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfztEhUwA3vBFLYnETryDDmH60NXwjjUyyTMAQOkgEhr8FjZTZg5e3qpsag2r43CpBB861jZUF0YFz3BVoj2RN2ssmFs16eg5ex6_qmhhkBkAjVvL3RmjkvyRk7HoF-rLZ_Bdnc5T7WjI/s1600-h/corp+taxes.jpg
France comes in with a combined or total Corporate Tax rate of 34.43%, Sweden’s is 28%! America's is very nearly 40% (39.25), one of the highest in the industrialized world.
Of course, Ireland’s economy is booming due to one of the world’s lowest Corporate Tax rates (12.5%)!
Here’s a “sort of” trick question for you, “Who pays the Corporate Income tax?”
Hint; This is NOT a “Who’s buried in Grant’s tomb” type question.
The answer is WE all do (you and I).
The misnamed “Corporate Tax" is actually a stealth sales tax.
How so?
Because ALL of the various and sundry “costs of doing business,” from the cost of materials, labor costs, packaging and delivery costs AND, of course, TAXES are all passed on to us, as consumers, because business’s income or intake MUST ALWAYS outpace it’s various OUTPUTS (ie. costs like payroll, materials and TAXES), or that business won’t remain in-business for very long.
So, there you go, WE pay the “Corporate Tax,” in the form of increased costs of the goods and services we purchase.
So, is it clearer now, that those misguided folks who “hate business” and claim “businesses doesn’t pay their fair share of the taxes,” are really misanthropes who really hate their fellow man and want their neighbors to pay MORE for the things they buy?!
Maybe if our Corporate tax rate was as low as Ireland’s, maybe more businesses would relocate HERE! If it did, then that lowered tax rate would almost certainly result in INCREASES corporate tax revenues.
And maybe the things we buy would be cheaper too!
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H/T Captain Capitalism!
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http://captaincapitalism.blogspot.com/2008/10/dumbass-liberals.html#comments
