Posted 5 years ago on Oct. 9, 2011, 7:27 p.m. EST by mr6xr7
This content is user submitted and not an official statement
If you agree, pass it along to the world!
Many people are suggesting raising taxes on business and closing loop holes, but have they really thought that through?
I ask you to stop and think about this a moment. Businesses are in business to make make money. They have expenses, which they charge against revenue to determine their profit. They take these expenses into consideration on how much to charge for a good or service. Since they are in business to make money, expenses are included as part of the charge for that good or service, plus they add their profit margin.
Guess what happens to Income Tax Expense if taxes are increased? You bet your sweet ass, that cost is added to the price of the good or service. This extra cost is added on at each point of the process of creating a good, whether sold a product or included in the service. That means the income tax on each business keeps adding to the final price. Guess who is really that tax? Yes, the public, not the business.
Secondly, businesses are not people, but people own them. In the case of corporations, many people own the corporation. If you are a stockholder, or have other investments, chances are you in some way own stock.
Think about this scam being perpetrated on all of us since the Income Tax was created. Neither the Democrats nor the Republicans want you to know this dirty little secret. Who wins from this scheme?
How much do you really pay in taxes? If you knew, you would probably be shocked.