Tuesday, May 1, 2012

It's A Taxing Question.

Do ya like apples? They say an apple a day keeps the Doctor away. That may be because the government can't afford to pay for a doctor. Because Apple pays so little in taxes. How about G.E.? they didn't pay any taxes. In fact they made $5 billion in U.S. profits and got a gift from the IRS of  an additional $3 billion. Apple, such fools, they actually paid 9.8% on their $28 billion in profits. Now I don't mean to suggest they did anything illegal or that they are examples of every other corporation in America, but when you hear how our taxes are so high, it makes you wonder, doesn't it? Lets face it, most big corporations just don't pay that much in taxes. The big guys have complete staffs of tax lawyers and accountants to make sure they don't, the medium sized ones just open accounts in the Cayman Islands. The only ones who pay anywhere near the 35% mark are the small ones who are not sophisticated enough to check with any tax haven accountant or lawyer. As soon as they figure out how to do it, whoosh they're off the Grand Cayman. And again, I'm not saying that's wrong. The thing is, some of these folks aren't even paying tax on the amount their tax would be. It is certainly legal and it's smart. Give them credit for being smart enough to take all the tax breaks government allows. Pretty much everybody does. I don't see any family deciding not to take any deduction they're allowed to take. No, what I don't think is right is for these corporations who are taking all these deductions to then turn around and lobby congress, complaining the corporate tax rate is too high. It might be too high if they actually paid that much. But they don't. The term disingenuous comes to mind. Maybe they should be required to prove they're paying the full 35% before they're allowed to lobby congress. I'll bet a lot of lobbyists would be out of business if that happened. At least the price to hire a lobbyist would go way down. Supply and demand, ya know. So eat your apple every day and stop complaining about taxes unless you're actually paying them. Or, how much tax shoud a tax man tax if even a corporation's tax isn't taxed.

No comments:

Post a Comment