Rich people also get their share of tax shelters.
My initial question from a couple of days ago was why corps oppose corporate tax hikes if others bear the burden?
Probably the best start would be to require that the tax code be written in less than 5000 words. Stop loopholes for both rich individuals and rich corps. Just a simple progressive tax.
On Fri, Apr 02, 2004 at 04:55:03PM -0500, Doug Henwood wrote:
> Michael Perelman wrote:
>
> >I don't understand. How is a hike a a long-established fixed cost?
>
> I didn't say hike. I was wondering who paid corporate taxes in
> general - that corporations, being legal fictions, can't pay taxes,
> and that some real humans ultimately bear the cost, be they
> customers, shareholders, or workers. Like I also said, I found the
> CBO's half capital/half labor compromise intuitively appealing. Given
> the ambiguity, though, I'd rather rely on taxing rich people, who
> can't play games with transfer pricing or move their HQ to the Cayman
> Islands.
>
> Doug
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-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu