Thoughts on Today's Political Landscape

[smc]

Originally Posted by TracyCoxx

... I haven't thought a lot about corporate tax rates, so my opinion probably isn't worth much and I'm sure plenty of holes can be shot through it because it's a huge issue and like I've said I haven't thought a lot about it. Tax on corporations include income tax, employment taxes and excise taxes correct?

All these taxes are passed on to and actually paid by customers, employees, suppliers, and shareholders. Many of these people are already paying income tax or sales tax so it seems that in taxing a corporation, the government is really potentially taxing customers, employees, suppliers, and shareholders twice, which I don't think is right. Excise taxes is a very thorny issue. Some of it is probably warranted, other parts of it, I don't think so.

One opinion I am sure of is that corporations shouldn't be taxed to the point where they are not competitive against foreign businesses. Otherwise the corporations will relocate some or all of their work to other countries and drive their economy instead of ours.

This sounds like an argument either for no taxes (or very little) on corporations, or for price controls. I am sure it's not the latter. Please elaborate on this question: is it reasonable in theory to tax profits? If so, what might be done to prevent the burden of such a tax from being passed onto to consumers? Do you believe, as Ron Paul might state, that the "market" can be counted on to solve all things?