Off-Topic: It's a fact
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Name:   MartiniMan The author of this post is registered as a member - Email Member
Subject:   It's a fact
Date:   9/26/2008 8:49:57 AM

I am only going to respond to one of your points because you desperately need some economic education.

You said, "Taking from the rich and giving to the poor? I'm not sure that taxing large companies or not taxing large companies really makes a difference in the creation of jobs."

This is probably the most incorrect statement I have ever seen you make. Two quick points: First, most new jobs are not created by large companies. They are created by small businesses. As one who runs a "small" business (revenues of around $35MM) I can tell you that tax policy has a profound impact on job creation. It costs me $25K in cash to hire each new employee. If I pay $25K in new taxes that is one job lost. Take billions or trillions out of the hands of firms that create new jobs and you do the math as to how many jobs are lost in this country because of taxes.

Second, CORPORATIONS DO NOT PAY TAXES!!!! All taxes, every single penny is paid by a live human being, not a company. All corporations are simply a conduit for the government to extract taxes from me and you. Think about it, where does the money that a company uses to pay its taxes come from? It comes from the end user of their goods or services. That's me and you, not some ephemeral entity. We pay for goods and services and a portion of that payment goes to pay the company's taxes.

Third, the U.S. already has one of the highest corporate tax rates in the world. Part of the reason for the movement of jobs overseas is this very fact. As a business owner with over 200 employees in the U.S. and Canada I can tell you that the base salary is only about 75% of what each employee costs. So with such a high corporate tax rate there is a significant incentive to send jobs overseas.

So when you are all for Obama's plan to "tax the rich" and all the other dysfunctional class-envy fear mongering just remember it will cost the economy in lost jobs and you and I will be paying those taxes in the form of higher costs for goods and services.
Other messages in this thread:View Entire Thread
Palin and Socialism - GoneFishin - 9/25/2008 9:09:51 AM
     And Yet... - AUCATZ - 9/25/2008 10:24:28 AM
     Palin and Socialism - water_watcher - 9/25/2008 10:25:43 AM
          Palin and Socialism - want2beonlake - 9/25/2008 10:37:38 AM
               Palin and Socialism - water_watcher - 9/25/2008 10:42:09 AM
                    Palin and Socialism - want2beonlake - 9/25/2008 10:56:00 AM
                         Palin and Socialism - water_watcher - 9/25/2008 2:42:43 PM
                              Palin and Socialism - want2beonlake - 9/25/2008 2:53:45 PM
                                   Palin and Socialism - water_watcher - 9/25/2008 6:54:20 PM
               Truth Leaves Him Speechless - GoneFishin - 9/25/2008 10:47:23 AM
                    You are so wrong - MartiniMan - 9/25/2008 11:37:21 AM
                         You are so wrong - want2beonlake - 9/25/2008 12:07:14 PM
                              Bush leading by fear? - MartiniMan - 9/25/2008 1:01:38 PM
                                   Bush leading by fear? - want2beonlake - 9/25/2008 2:27:51 PM
                                        What if he is right? - MartiniMan - 9/26/2008 8:34:26 AM
                                             What if he is right? - want2beonlake - 9/26/2008 10:13:42 AM
                                                  What if he is right? - MartiniMan - 9/28/2008 8:35:31 AM
                                                       What if he is right? - want2beonlake - 9/29/2008 8:23:24 AM
                    Truth Leaves Him Speechless - water_watcher - 9/25/2008 12:40:52 PM
     Palin and Socialism - MartiniMan - 9/25/2008 11:33:13 AM
          It's a fact - GoneFishin - 9/25/2008 12:16:19 PM
               It's a fact - Talullahhound - 9/25/2008 2:43:48 PM
                    It's a fact - MartiniMan - 9/26/2008 8:49:57 AM
                         It's a fact - NCSue - 9/26/2008 9:06:19 AM
                              It's a fact - NCSue - 9/26/2008 9:28:04 AM
                                   It's a fact - MartiniMan - 9/26/2008 10:10:39 AM
                         It's a fact - Talullahhound - 9/27/2008 10:38:38 AM
                              It's a fact - MartiniMan - 9/27/2008 11:06:09 AM



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