You are correct! I am curious, Bob, how did you figure this out? It is the big secret we are not supposed to know.
I figured it out back in the sixties when I did something unthinkable. I found out as best I could what the taxes were in this country; federal, state, and local (I am sure I missed some as that information is not in any one place where it is easy to find). I compared those figures to the gross national product for the year. That came out to 72%. That is of every dollar spent in the US in 1966, 72 cents was taxes. How could that be? I thought about it for awhile and finally realized that we had to be paying taxes no one told us about. Some further thought told me that the final consumer of any product pays every cent of tax collected on that product. For instance; when you buy a loaf of bread you pay the seed sale's peoples tax on it, you pay the farmer's tax on it, you pay the flour mill's tax on it, you pay the baker's tax on it, you pay the store's tax on it. Yes they give the money to the government, but then they add it to the price of the goods; so it is passed on down to the guy who eats the bread. All those business are tax collectors not tax payers. Let me repeat that for those who didn't understand. CORPORATIONS ARE NOT TAX PAYERS, THEY ARE TAX COLLECTORS, . --graywolf ------------------------------------------------- The optimist's cup is half full, The pessimist's is half empty, The wise man enjoys his drink. ----- Original Message ----- From: Bob Blakely <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Sunday, November 25, 2001 11:58 AM Subject: Re: Depreciation of assets > Ignorance concerning taxes is appalling. Harboring the idea that > corporations actually pay any taxes levied upon them shows lack of critical > thinking about the subject. All corporations require net net profit (profit > after taxes on net profit) in order to survive, design and build new > products, modernize facilities, replace capital equipment (the costs of > which are never fully covered by depreciation), pay for cost of money, pay > rising costs associated with labor, etc. Taxes are an expense, like all > other expenses of business, that _must_ be passed on to customers through > higher prices. Unlike the US income tax, this passed on tax is not > progressive. The poor pay the same corporate tax (in dollars) on a can of > beans that the rich do. When you buy a product, any product, (can of beans?) > you may think that the only tax you pay is the sales tax. Wrong! You pay a > portion of the corporate taxes of the company that produced it; the company > that advertised it, the various companies that supplied the materials that > produced it, the company that shipped it to the store where you bought it, > the company that produced the gasoline that you used driving to the store. > All wealth comes from production. Who does the producing? You do. The > workers in the company do. Taxes are an exaction from the production of > individuals. The government has simply instituted a way of exacting taxes > from you, from your production, without your daily conscious awareness of > it. > > Corporations raise capital to build and expand business by selling stock. > This stock is bought and sold based on investors expectations on the ability > of the company to grow. This growth provides the primary source of funds for > various forms or retirement for individuals, whether through individual > accounts or through corporate pensions or through savings. > > No, I'm not a rich man or corporate executive. I'm just a common working man > like many of you. I'm just aware of who really pays what and who really is > hurt by what taxes. > > Regards, > Bob... > -------------------- > "Let us contemplate our forefathers, and posterity, > and resolve to maintain the rights bequeathed to us > from the former, for the sake of the latter. > The necessity of the times, more than ever, calls > for our utmost circumspection, deliberation, fortitude, > and perseverance. Let us remember that 'if we > suffer tamely a lawless attack upon our liberty, > we encourage it, and involve others in our doom.' > It is a very serious consideration that millions yet > unborn may be the miserable sharers of the event." > - Samuel Adams, 1771 > > > Frantisek Vlcek wrote: > > > > > Awful! Look at a better model: in Vietnam, AFAIK, taxes are not > > > extracted from individuals but from corporations. To NOT tax > > > corporations is just awful. The simple most externality producing > > > entity, a big corporation, doesn't pay for the externalities it > > > produces. That's immoral. > - > This message is from the Pentax-Discuss Mail List. To unsubscribe, > go to http://www.pdml.net and follow the directions. Don't forget to > visit the Pentax Users' Gallery at http://pug.komkon.org . - This message is from the Pentax-Discuss Mail List. To unsubscribe, go to http://www.pdml.net and follow the directions. Don't forget to visit the Pentax Users' Gallery at http://pug.komkon.org .
