As Obama said in an interview some months back, it's not so much about income for the gov't as it is about fairness. I don't agree with that point of view, but a lot of folks on his side of the aisle do, apparently. (AND, it plays well to the uneducated masses
)
If it were about "Fairness" then there should be one flat tax. No deductions. no exemptions.
then EVERYONE pays their fair share.
Sluggish,
I dissaggree that corporations do not pay taxes.
What you say holds true for large corporations. Because they can pass it on along to the consumer.
Small and moderate sized corporations such as independent tradesmen cant always do that.
They have to respond by either doing business illegally (Cash, illegal workforce) Or cut jobs.
They cant always pass it on. Because even if they do operate legally. They cant compete with those that do not without taking the hit themselves.
Obamas plan will increase Corperate taxes on businesses making over $250K
$250K is NOT alot of money even for a small corporation
A company with a 6-10 man crew making $10 an hour would have to make at least that much just to stay afloat by the time all is said and done and all expenses are taken into account.