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Money gets taxed multiple times. That's not the point. I earn $50. I pay taxes on it. Then I buy something from you for $30. You pay taxes on that $30. Then you
by pedanticfreak 16y ago
Money gets taxed multiple times. That's not the point. I earn $50. I pay taxes on it. Then I buy something from you for $30. You pay taxes on that $30. Then you buy something for Jim for $10. Jim is taxed on that $10 you paid him. That same $50 got taxed three times in my example and will continue to get taxed until someone stuffs what's left under a mattress.
To your second point: Yes, obviously corporations are owned by people. But nothing forces a corporation to pay a dividend. So if you don't tax the corporation itself, the corporation becomes a tax free investment vehicle. People would just keep everything in a corporation including investments, cash reserves, houses, cars, jets, yachts, etc.
I find Google's behavior to be sociopathic and Enron-like. While it's perfectly "legal" it is socially irresponsible. If Google wants to withhold monies because it thinks corporate expansion is better for society, it should withhold from its charitable contributions rather than its taxes. Otherwise pay your goddamn taxes. I pay mine, I don't want to pay Google's, too.