by ET » Mon Feb 22, 2010 1:38 pm
They really should rename "corporate taxes" to "hidden taxes paid by the consumer". Corporations don't pay taxes. Consumers do. Like any other expense, be it a computer or a paper clip, the cost of doing business is passed on to the consumer in the price of the products or passed on in reduced pay/bonuses to the employees or returns to the shareholder.
Good look with that, Oklahoma. Sounds like a good way to "ship jobs over state lines". There will be plenty of states waiting to offer tax breaks for those corporations to relocate.
I'm Ed Thompson, and I approve this message.