(03-01-2011 05:59 PM)Mr. Peanut Wrote:  

(03-01-2011 02:14 PM)Raider_ATO Wrote:  

(03-01-2011 06:55 AM)Mr. Peanut Wrote:  Until Exxon, General Electric and Bank of America pay federal taxes we're whistling past the graveyard

You realize that if a business' taxes are raised, they only extend that expense onto the consumer by pricing their goods and services at a higher price.

Businesses are subject to competition (the government isn't). If they try and profit too high a % off their goods and services, some other business will attempt to profit a lower %. The consumer will likely go with the 2nd business because they are less expensive. When you raise taxes on these companies, they will just add it as another expense and will have to send the bill to the consumer in order to keep their profits at the same %.

Well by all means let's not ask them to pay their fair share. I'll continue to support 100% of the corporate welfare

Did you even read before you responded?

Let's assume you raise gas taxes by a penny... As this tax affects ALL sellers of gas equally, everybody will raise their price by a penny and maintain their margins. The CONSUMER pays the tax. DOn't you notice when oil prices change, gas prices change. Does it matter if that "cost" change is the result of higher oil costs, higher gas taxes or higher taxes on earnings?

If you raise taxes on ALL corporations by a penny... Guess what... everyone's costs go up by a penny... Guess who pays that penny? Oh, except for FORIEGN corporations who might be exempt from some of these taxes... way to encourage shipping more jobs overseas.

Paying their fair share?? THEY DON'T PAY THEM AT ALL! WHY is this so hard for some people to grasp?

Cut corporate welfare all you want. I'm with you.