(quoted from post at 17:46:25 08/31/11) .......and go to Detroit to see life with them!
. I don't know why so many want to blame, tear down, regulate, penalize, destroy corporate America. A corporation is a group of people, hired by a board of directors, elected by the stockholders to use our (the stockholders) money to make a profit for us, our 401K funds, retirement plans, money to pay our bills and live better on. Any corporate penalties, taxes, regulatory costs are passed directly to you & me. A corporation pays NO taxes, they simply collect them for the government and pass them on to you & I (hidden for govt's benefit) in the cost of products & services. Taxing a corporation plays well into the 'big bad big guy' vs 'little guy' class envy senario & aids the government in taxing us more in a way that they hope we will not recognize. More corporate tax results in higher prices to consumer, fewer dollars to share holders, more layed off workers, more jobs overseas (to escape such burdens), an on & on.
Corporations are like the IRS in a way...a giant tax collector(s), but they do not really pay taxes, we do. There should be no such thing as is called a corporate tax. As is we get to pay twice, first we pay what is taken from the corporation as a tax and then we pay again on any profits derived from our investment in the corporation. Stop that & tax the people directly, without the pass-thru, so we can see more clearly how big out tax burden really is. In the end, you see, the corporations are not tax payers & can't be made to be tax payers, no matter the charade....THE CORPORATIONS ARE JUST A TAX COLLECTOR for the government.
Don't be fooled.
Look at import/export tariffs, etc. Next, stop preferential treatment for foreign companies. There is more, but I'm out of time.
People need to stop playing into the deceptive game foisted upon us to push the envy, hate, blame game and open eyes and learn vs listening to the divisive garbage/propaganda.