True that. Taxing a corporation results in those taxes (if paid) being classified as expenses. Added to costs. Added to prices. Paid by you and me.
Really? Since when? Under the current US tax law, taxes are paid on net profits (income minus expenses). An expense is the money spent on things that are necessary for the operations of a business. The more expenses you have, the lower the tax burden. More expenses than income? You pay $0 taxes and deffer the remaining expenses to future tax seasons. Fees for government inspections/registration are expenses, not taxes; they can be written off. If we want companies to grow, we need to minimize their expenses and not just by having fewer people on staff.
Dividends on stocks are paid after taxes because the payment of dividends is not essential to the running of a business. If the tax rate on businesses were to go down further, we would see an increase in dividends paid. With taxes on dividends paid at a top rate of 15% (no FICA either), that is a massive amount of taxes being avoided. The companies that are actually creating jobs are not the ones paying out dividends. The ones creating jobs are in their first five years of growth and generally paying fewer taxes. The Bush era tax cuts increased the amount of time that start-up costs for a business had to be amortirized from 5 years (for any amount) to 15 years (for any amount over $5000).
"Both lobbyists must make payments to the pension plan to purchase credit for their past union years, and they are required to pay compounded interest. Over the last five years, after the lobbyists joined the plan, the two men and their union have made standard payments into the fund."
Basically they have to pay for every year they're claiming plus the interest that it would have netted.
Do you think the guy who used to make $50k and paid $15k in taxes now suddenly has $50k to spend? Nope. To pay for the corporate taxes, the guy's employer has to drop his salary to $35k/yr. Or they have to raise their prices, meaning that the $50k the guy takes home can now only buy as much as $35k used to buy when he was paying $15k in personal income taxes.
Nope! If they were bringing in $1,000,000 before his salary of $50k, they would end up paying taxes on the $950,000. Any money spent that is essential for the operation of a business, is not taxed. That is why stock dividends are paid out after taxes; they are not essential for the running a of business.
So yeah, it's great for people who come from other countries to work, but it came at the expense of the American people who used to be able to afford vacations, health care, and college but now no longer can.
We can still afford it, we just use credit to make up the difference. The only time we should worry is when the banks stop handing out that credit... like 4 years ago.
Real Programmers don't write in FORTRAN. FORTRAN is for pipe stress freaks and crystallography weenies. FORTRAN is for wimp engineers who wear white socks.