Tilted Forum Project Discussion Community - View Single Post - Most companies paid no taxes during the boom

oberon · 04-10-2004, 03:10 PM

When I read this first, my reaction: So what?

Here's the thing. If companies paid more taxes, they'd pay their employees less. Which results in lower individual tax revenue and higher corporation tax revenue. It's simple macroeconomics - what goes around comes around. Of course, globalization makes things a little more complicated than that, but not much, really. If foreign companies make money in the US, they have to employ people here. Those people pay taxes. So what if they don't pay very much or any federal taxes? They brought jobs to the US.

So I think I agree with ART, this article sensationalizes the "issue" and misses the bigger picture. However, I do believe that middle-class people get screwed on taxes because it's far too complicated. Politicians aren't known for keeping things simple, and taxation wastes a lot of time.

04-10-2004, 03:10 PM	#25 (permalink)
oberon Quadrature Amplitude Modulator Location: Denver	When I read this first, my reaction: So what? Here's the thing. If companies paid more taxes, they'd pay their employees less. Which results in lower individual tax revenue and higher corporation tax revenue. It's simple macroeconomics - what goes around comes around. Of course, globalization makes things a little more complicated than that, but not much, really. If foreign companies make money in the US, they have to employ people here. Those people pay taxes. So what if they don't pay very much or any federal taxes? They brought jobs to the US. So I think I agree with ART, this article sensationalizes the "issue" and misses the bigger picture. However, I do believe that middle-class people get screwed on taxes because it's far too complicated. Politicians aren't known for keeping things simple, and taxation wastes a lot of time. __________________ "There are finer fish in the sea than have ever been caught." -- Irish proverb