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Slayder

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  1. Companies in US avoid federal income taxes

    Corporations pay taxes last, unlike the individual that has it deducted from their paycheck before they ever see it. Perhaps, if the govt. lowered taxes on these corporations, they would be more willing to pay taxes. They wouldn't constantly be lobbying congress to write loopholes into the tax code so they wouldn't have to pay. Lowering taxes will increase tax revenue, because it helps new businesses to start up that couldn't afford to pay the higher taxes. And with lower taxes causing increased tax revenue, the federal govt. could actually make a profit and in turn pay down the national debt. Remember, income taxes only go to pay the interest on the national debt. The govt. borrows money from the (Private) Federal Reserve Bank without ever paying back their previous loan.
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