Friday, April 07, 2006

Corporations Don't Pay Taxes

Neither do businesses, just thought you'd like to know. Sure they remit payments to the government, but ultimately it comes out of your pocket, one way or another.

What brought this to mind was Taxachusetts new Universal Health Care Plan, which of course is a terrible idea. "The measure does not call for new taxes but would require businesses that do not offer insurance to pay a $295 annual fee per employee."

So what does your employer do if he finds out that he owes the government $295 on your behalf? He reduces your compensation by that much or doesn't give you the raise you deserve or doesn't hire you at all. That's how all businesses work, they figure out in advance how much in taxes you are going to cost them and then they reduce your salary by that much. Only individuals pay taxes.


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