Wednesday, July 22, 2009

Company Taxes

Have you heard the term "company taxes"?

They are taxes levied on businesses and are favorite targets for politicians associating businesses with demonizing concepts such "greed" and "exploitation." Not denying that some people, business or otherwise, are greedy and do exploit others, demonizing the entire community of business owners because it creates a vehicle to impose taxes and other restrictions for political expedience, is deceptive at best.

Taxes levied on businesses are not really taxes on business but on consumers: you and I. If a business has shown a single dollar net profit, all of its taxes have been paid by its customers. Any increase in costs, taxes or otherwise, are paid by its customers if the business shows any net profit. If it doesn't, well, it won't be around much longer.

Think about it the next time you hear that corporate taxes should be increased so that "they" could pay their fair share. It's you and I who are hit again.

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Seeking the truth until I find it.