CORPORATIONS TAXES, CONFUSION AND REAL INFORMATION!

CORPORATIONS TAXES, CONFUSION AND REAL INFORMATION!

(Laura Tyson/Forbes.com/Frazer Chronicle)

In the aftermath of Mother's Day, I thought it might be interesting to write about a subject that should be "near and dear to our hearts," the corporate tax structure. That's right, the one subject that economists, professors, federal law-makers and lawyers have so much fun with. The one subject that everybody says is by far the most complicated issue on the planet.

How can someone as uneducated, not an economist.....and to boot, have very little money even have an opinion about an issue that is so completely convoluted, well let me tell you, "I kept it simple." That's right, when these M.I.T. graduates, when these Harvard lawyers were setting the ground rules for the issue and when corporate lobbyists were pushing the hell out of the question of taxes on Capitol Hill, little ole me simply kept it simple.

Here's how it works.....call it a guide to complete understanding, I guess I could be called something like the "Zen Master" of finance, or the "Grand Pooba" of tax law. First and foremost you have to come to grips with the truth about corporate America, corporate region, or corporate world. Every corporation, no matter the size, no matter the product.....the end result is always the same, cash.

Cash has been the bottom line for corporation since the idea's inception, corporations have always been a stealthy operation, hiding money, spreading involvement and deflecting blame. It, corporations, have never been about making more jobs, or re-investing in the business. "If I can make a dollar off somebody else’s labor and sweat, I'm damn well going to maintain the operation as is.....unless I can squeeze another nickel or two out of that worker without spending any money.

Corporations have been, and always will be in the game of business for them.....that's right, "the game." I worked for this family one time, they had a bunch of rental apartments and whenever the father and son talked about expansion, they both got glassy eyed expressions, talked about government subsidies, and how they could circumvent regulations and do things "on the cheap."

Nowhere in their conversation was there any talk about paying for the added work that staff would need to carry out, only about how much money these two jokers were going to make. I knew at that moment that there were two kinds of people, workers and bosses. Those people that were willing to ground up whoever and whatever was necessary to achieve a financial goal, and the rest of us. Needless to say, "It was an epiphany," and fodder to a cynic like me.

How it works.....how the corporate tax rates work is really simple, corporations, "which are people," the government says so, so it's gotta be true, has created for them, loop-holes, write-offs, off shore accounts and overseas offices to avoid taxes. It's perfect, they have their cake and eat it too, "whatever that means," I guess there cake is tax money they don't have to pay, and then they get to keep that money.....as well.

To put the question of tax payments in the proper prospective for people like us, let's say that I make $50,000 a year and my tax rate is 20%, I would pay $10,000 in income tax, which would leave me $40,000 to live on.

Now if old Mr. Got Rocks makes $1,000,000, and he pays 40%, "twice my rate," he still takes home $600,000 to live on, I wonder which life style is better, mine or his?

This question of taxation is not, I repeat.....NOT complicated, it's simple dollars and cents, the guy that makes a million "space bucks" needs to pay more, has a responsibility to pay more.....for the good of the country.

That's where Democrats and Republicans always part ways, whenever the question of what business is responsible for.....first and foremost.....always for themselves and their cursed bottom line. A simple solution.....move off shore, establish a corporate office overseas, bank your money in foreign accounts, "Stay the hell out of the United States." We don't want you, we don't need you, and you sure as hell can't sell your products here.

We are a strong people; we have the resources to get knocked down and get back up and reinvent ourselves. We always have, people always have.....throughout the world, it's time we remembered that fact, and really who's in charge. We can do anything when we set our minds to it.