Corporations Are People Too…

…At least that’s what the Supreme Court says (see Citizens United decision).  Then, if that’s the case, why don’t they do what everyone else has to do:  pay their flippin’ taxes.

April 15th came and went.  Tax time!  We didn’t have a government shut-down but, even if we did, congress would have managed to get paid…it would be nice if those mofos actually did something constructive to warrant those paychecks and lifetime benefits.  Just sayin’.

Wesley Snipes was sent to jail for not paying his taxes; dude ‘forgot’ he needed to file(?) for several years and the government decided he was a big enough fish to catch and be made an example of.   He was wrong and he’s paying for it — both literally and figuratively.  Countless others have been audited and fined for taxes owed — and the audits have been increasing for several years as better technology facilitates the process of looking for discrepancies.  Maybe, if Wesley had declared himself a corporation, he could have avoided this mess; GE is worth about one-fifth of the nation’s gross domestic product and they not only don’t pay taxes, they get a rather sizable refund.  British Petroleum just landed $10 billion by writing off the costs of the Gulf Coast clean up.  *Rolling eyes* Nice.  For them.  This is the problem with trickle-down economics — those at the top drink from the spring of wealth and tax loopholes while those at the bottom simply get pissed and TRICKled on.

The not-so-grand ol’ party would have us think that paying taxes is practically unpatriotic — that is, if they are the ones paying.     *cough…cough…bleedin’ wankers…cough*   Let me be clear: I pay taxes and a helluva lot of them.  Actually, I pay more than many of the nation’s largest corporations combined — and I’m not outsourcing anything but my frustration.  I’d like to declare my pets and imaginary cousin Mookie as dependents but I’m sure I’d be busted in a heartbeat.  Snarky dames can be tossed in jail…but non-paying corporations?  Clearly not.

I don’t like paying taxes but it’s my duty — especially since I like to know I have paved roads, snow removal and sanitation services to keep the city relatively free from the filth and resulting diseases, and teachers — even though I don’t have kids — who work double duty to both instruct and rein in some of these crazy-arse unruly kids (teachers in NYC should get a base salary plus combat pay and a complimentary mixed can of whoop-arse and mace in my opinion).  Cops (even though I’m scared of anyone holding a gun) and firemen come in handy too.  But that’s just my opinion.

I’m certainly not the only person who thinks that we’re reverting back to a nation run by overlords:

http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105?currentPage=all

And this:

http://act.colorofchange.org/sign/taxes?referring_akid=1955.726385.zVymXI&source=facebook

How can this situation turn around?  To whom can our gripes be directed?  Is it possible to ever get a fair tax code?


Comments

  1. It is not as simple as having corporations pay more taxes. The fact that many corporations outsource their profits to lower taxing nations is indicative that a point has been passed on the Laffer curve where it is no longer profitable for corporations to wholly retain taxable profits in the US. As a consequence, rather than reverting to a tax rate where maximization returns may be achieved (lower rates) and keep profits in the US, the curve moves in the direction of (higher tax rates) towards an eventual 0% return.

    Collecting taxes from persons and corporations alike are much like are like any sound agreement, where both parties walk away feeling they got something from the deal.

  2. The Brooklyn Dame says

    I don't think I suggested that anything about this entire issue is simple — and I don't think that all of our problems will be solved simply by having corporations pay more (or, in many cases, ANY taxes). What I did point out that it's unfair that individuals are required to pay taxes for the services we all use (or want to know are there when we need them) but corporations, that want the same rights as individuals, have somehow through our tax laws and loopholes, become exempt from paying taxes on U.S. soil.

    Whether they are based here or have operations here, using US services and space means, in my opinion, that they should be paying taxes to the U.S. I am really not interested in the technicalities of it (i.e., Laffer curves) per se, I'm interested solely in the fact that they are bilking this country out of billions (is British Petroleum and General Electric listening?!?).

  3. Anonymous says

    Not defending Corporations but they pay taxes of some sort may not be enough and "in the fact that they are bilking this country out of billions." The fact remains the tax laws remain a problem as long as their a loop holes exist. Of course, on this earth nothing is going to be perfectly sealed off unless their exist a capitalistic society. You could raise the taxes and lose business or lower taxes and risk development, again no solution will be good or adequate solution. I say lets find a balance solution, it may tip towards the corporations one day and towards the people another–And no BP and GE are not listening. I have issues with this solution.The Supreme Court just settled. Solutions I say, lets look for solutions.

  4. Anonymous says

    Strange, because as a tax-payer, I don't feel so great about the deal made. 60 minutes did a piece on how companies shift their profits overseas: http://www.cbsnews.com/video/watch/?id=7360934n

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