Saturday, April 29, 2006

The Truth--As Usual, in the Penultimate Graph

From a lawyer-pundit at PowerLine:

By the way, corporations already pay income taxes of around 35%, in addition to all of the property taxes, sales taxes, etc., that they also pay, and when they pay dividends to their shareholders, more taxes are collected. I can still recall my tax professor saying, when I was in law school, that there is no intellectually respectable argument for the existence of the corporate income tax, other than the fact that it provides employment for legions of accountants and lawyers. And endless opportunities, I would add, for mindless demagoguery by Democrats.

Our man Folkbum (not being personally acquainted with private enterprise) still thinks that corporate income taxes are actually paid by "corporations," which proves that an IQ above 115 does not necessarily mean that one has understanding...

But don't expect it to change. Bring up "Fair Tax" in the presence of a CPA and watch the knowing Chesire Cat grin appear. For them, it's the inverse of "I'm personally opposed, but..."; in fact, the CPA's and tax lawyers know without question or doubt, that there will NEVER be a comprehensive tax reform in the USA, unless preceded by an armed revolt.

No comments: