Does everyone agree with this? I am skeptical but am not going to argue. But, do you all agree with this with just a yes or no? Linda
----- Forwarded Message ---- > From: Eric Vought <evou...@gmail.com> > To: missourilibertycoalition@googlegroups.com > Sent: Wed, May 18, 2011 2:04:08 PM > Subject: Re: [MoLiCo] Fw: A New Heresy: Abolish Corporate Income Taxes > > > On May 18, 2011, at 12:19 PM, Fred B. Ellison wrote: > > > Abolishing corporate income taxes is in your self-interest. > > > > These taxes are unproductive as revenue-generators, but what they really do >is make politicians more powerful, at your expense. > > > I am on the fence on this, but it does have a certain sense to it. Most > large, >successful corps avoid income tax by funneling profits to countries like >Ireland >with 0% corporate tax and funneling expenses to countries like US with a high >rate. Companies with record-and-increasing earnings post a loss in the US. >There >is no real way to stop that kind of manipulation of bookkeeping in an >income-based tax structure. The same goes for payment of local workers. > > Over time, a move to something like a national sales tax structure would make >that process easier. It is much harder to creatively move purchase of >resources >across jurisdictions, especially if matched by an excise tax. But we have to >dismantle the existing tax structure, get spending under control, and >eliminate >much of the culture of exemptions and favoritism before I would support a new >tax of any kind. > > Sincerely, > > Eric Vought > evou...@pobox.com > > "We will pay the price, but we will not count the cost." --- Rush, Roll the >Bones > > > --This is a Free Speech forum. The owner of this list assumes no > responsibility >for the intellectual or emotional maturity of its members. If you do not like >what is being said here, filter it to trash, ignore it or leave. If you >leave, >learn how to do this for yourself. If you do not, you will be here forever. > -- This is a Free Speech forum. The owner of this list assumes no responsibility for the intellectual or emotional maturity of its members. If you do not like what is being said here, filter it to trash, ignore it or leave. If you leave, learn how to do this for yourself. If you do not, you will be here forever.
