"A CNN article reports that many corporations don’t pay income taxes, and many more don’t pay the 35 percent corporate tax rate. The average tax is around 18 percent. You and I should be thankful that some corporations don’t pay any taxes and be upset that the average tax rate is 18 percent.
When a corporation pays taxes, it counts those taxes as an expense. All business expenses are passed on to consumers. That means that they are passed on to you and me. When Congress calls for more taxes on Big Oil, they are actually calling for a tax on us. This is in addition to the taxes we already pay to the state where we buy the gas and the federal government."
[Godfather Politics]
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