Tax rates don’t matter
One need go no further than Page 11 of the April 25 Star-Ledger ("Corporate tax-dodging is simply unpatriotic") to refute the finding of PolitiFact N.J. on Page 9 of the same edition.I left the following comments:
While it may be technically true that the United States has the highest corporate tax rate in the world, no corporation actually pays it. Factoring in creative accounting, subsidies, loopholes and offshore tax havens, corporations pay little or no tax.
A Feb. 7 Star-Ledger article states, "The amount of taxes that companies and wealthy individuals avoided paying in 2011 thanks to overseas tax havens would equal New York Giants quarterback Eli Manning’s reported salary for the next 185 years, the New Jersey Public Interest Research Group found."
It is not big government that is the enemy. It is Big Business, Big Corporations and Big Banks that are bleeding the American taxpayer dry and destroying the middle class.
Barbara Wirkus, Kenilworth
RE: Tax Rates Don't Matter
"It is not big government that is the enemy. It is Big Business, Big Corporations and Big Banks that are bleeding the American taxpayer dry and destroying the middle class."
Barbara, how is it that companies legally keeping more of the money they earn by providing goods, services, and jobs is "bleeding the American taxpayer dry and destroying the middle class?" The money the government doesn't tax doesn't come out of other taxpayers pockets, and the middle class wouldn't exist if not for those goods, services, and jobs.
Your conclusion is morally inverted. It is those who want "Big Government" to seize more of these company's earnings who are looking to do the bleeding and destroying.
At the root of this letter is Wirkus's evasion of the difference between government and private entities; of force vs. non-force. She not only equivocates between the two; she inverts them. This is akin to pinning the badge of morality to the armed robber, and tagging his victim as the bad guy.
Patriotism and the Welfare State
Obama, "the Lord's Work," and the Real Goliath
The Dollar and the Gun by Harry Binswanger