[FoRK] Most companies paid no taxes during the boom
Gregory Alan Bolcer
gbolcer at endeavors.com
Mon Apr 12 07:15:49 PDT 2004
This isn't a direct response, but it the whole thread just started me thinkg.
It's all about the volume and velocity of money in the economy. Large
corporations, while people may complain that they didn't pay any taxes,
can be a loss-making-entity but still spend hundreds of millions of dollars
into the economy. Why would you want to restrict the machinery
even more with some artificial governors? Profits are already taxed
above and beyond--sometimes 40%-60% or higher. I think
when you phrase the corporate tax structure, you need to include
that part of the puzzle, not just "is 5% or less too little".
From: fork-bounces at xent.com on behalf of Paul Sholtz
Sent: Sun 4/11/2004 2:14 PM
To: fork at xent.com
Subject: RE: [FoRK] Most companies paid no taxes during the boom
Corporations don't need to pay taxes b/c there's no need to "redistribute"
wealth at that level. Understand that this is all an income tax is: it's a
formalized way for the government to steal money from the poor and give it
to the rich, w/o providing any service in return. I've posted this before,
but the Grace Commission Report that was commissioned back in the 1980s
provides some details about this:
The first 2/3 of the income tax is either wasted or lost. Of the remaining
1/3, every dime of income tax goes to private lenders for interest on the
exponentially escalating national debt. This fact was revealed by the Grace
Commission (PPSS) in the Reagan Administration. Not one dime goes to reduce
the national debt or run our government. Therefore, Congress must borrow
more to pay for its ways to help the people by helping them out of their
money. Congress does this by borrowing from the unconstitutional Fed,
raising taxes to pay the debt to the owners of the Fed, and raiding the
Social Security Fund, which is now missing $4 trillion. Clinton stole $10
billion from the Social Security Fund to bomb Kosovo. That could have given
the retired people a nice raise. Those people did not pay into Social
Security all their lives to enable Clinton to bomb Kosovo, or to raise the
national debt by letting Congress cook the books.
The IRS was created the same year as the Fed. The reason was b/c the Fed
monetary system is an inherently debt-based system of currency (this is
probably the greatest evil of our time, and is responsible for most of the
horrors of the 20th century). In order to have a debt-based system of
currency, you need collateral with which to pay forward on the interest
against the debt. The collateral is the income taxes that Americans pay
every year. Hence, you can't have the Fed w/o the IRS, and you don't need
the IRS if you don't have the Fed.
The worst that's going to happen if you don't pay your income taxes is that
you might contribute (imperceptibly) to inflation. You certainly won't be
denying anybody any government service. The U.S. government pays for all
services it offers through excise taxes, tarriffs and (of course) by
borrowing more money from the Fed (i.e., deficit spending).
Once you understand incomes taxes to be the "socialist/communist" (sorry for
politicizing the issue, but there's really no other term for it) tool for
redistributing wealth from poor to rich that they are (Karl Marx speaks at
length in Communist Manifesto about how (a) a central bank and (b) income
taxes are the two "pillars" of the communist state -- the U.S. has had both
since 1913), it's easy to understand why corporations don't pay taxes (and
why they never will, at least not under the current structure).
>From: fork at xent.com
>To: paulsholtz2004 at hotmail.com
>Subject: [FoRK] Most companies paid no taxes during the boom
>Date: Sun, 11 Apr 2004 16:09:01 -0500
>With corporate tax receipts at 20-year low, the GAO takes a look through
>the books and finds 94% of all U.S. companies paid less than 5% -- and
>61% paid nothing at all.
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