8/21/2006

Quote of the Day

"Whether or not corporations are evading taxes does not really matter. In the end individuals still pay the taxes one way or another. Corporations are not going to cut into their profit to pay for taxes. They just raise the price of whatever they are peddling." -Cato


Cato is right to an extent. American Taxpayers do end up paying for it. But the problem is EVERY taxpayer pays more, and more taxes have to be paid than the corporations would have paid anyway.

For context, See the discussion here

1 comment:

Anonymous said...

Is the a reasonable limit to how much profit a corporation can make?
Is it 10 percent, 50 percent, 100 percent?