Quote Originally Posted by nynco View Post
Taxes on business use to make up over 20% of all gov revenue in the 1960s. Today less than 7%. Most large business pay NO taxes. See GE... That leaves the small businessman paying all the taxes that those mega corporations do not any more. End their tax breaks. Then lower the rate on all business. Make it a level playing field.
Businesses do NOT pay taxes. Their customers do, as a pass through expense. If the market will not support higher prices (due to foreign competition), businesses have a few choices: Cut costs (labor is usually the greatest expense, so to reduce costs they either reduce the number of employees, reduce what they pay employees, or move production to areas with more favorable conditions, i.e. overseas), accept a lower profit margin (unlikely, and not fiscally responsible for continued survival in many cases), or change their business model to offer an inferior product for the same cost.