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The U.S. Tax System: Who Really Pays?
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The U.S. Tax System: Who Really Pays?


Aug 22, 2012, 10:17 PM

This is a long report but well worth the reading for those who would like to learn things you may not know.


http://www.manhattan-institute.org/html/ir_22.htm

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Re: The U.S. Tax System: Who Really Pays?


Aug 23, 2012, 8:13 AM

I do! Thanks for the link.

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Re: The U.S. Tax System: Who Really Pays?


Aug 23, 2012, 9:31 AM

Welcome!!

Go Tigers!!!

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So the burden on the rich keeps going up,


Aug 23, 2012, 11:07 AM

while the burden on corporations keeps going down:

http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=263

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Why is that a bad thing necessarily? Given that....


Aug 23, 2012, 11:25 AM

an increase in corporate profits normally has positive repercussions in the general economy.

When taxes go down on a corporation, a few things can happen:

1- They can have head-room to lower their pricing to increase market share, while maintaining the same rate of return for the investors. This either leads to more jobs if the competition is international or to lower prices/inflation.

2- They can use additional profits for investment/expansion, meaning more jobs and more personal income tax payers.

3- They can pay higher dividends, which results in more flow of capital to investors and indirectly more dividend taxes, albeit it at a lower rate.

Personally, I think corporate tax rates should be slashed dramatically.

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