Let’s expose this myth post haste.  Corporations don’t pay taxes—only people do. Any tax increase imposed on a corporation or business is passed along in one or more of these three ways.  First, the business can raise its prices to cover the tax increase.  Second, it can take a hit to the bottom line (earnings) of the business.  Lastly, and most likely, the tax increase will fall on employment levels.  The company will either cut back on hiring or lay-off employees to protect its earnings and shareholders. In light of this, the Obama’s administration proposal to tax the overseas earnings...

A very important equation in the economic business of life is MONEY=OPPORTUNITY. If you tax away opportunity from those who have made it, do you not also tax it away from those who wish to make it?  You can’t hurt one without hurting the other.  Class warfare does not work!   The parts of our economic system are all connected.  There are no winners with this policy. Be Solvent & Prosperous, Sanford Kahn, Business...

  Hello, With the passage of Obama Care, a Value Added Tax (VAT) is inevitable. The projected cost estimates of the bill are way too low and the embedded tax increases will not raise the revenues needed. A simple and accurate law of economics is the more you subsidize something the more of that you will get. A VAT will hit the economy like a steam locomotive. It will be particularly damaging to the American middle class. These tax increases along with the expiration of Bush’s tax cuts will drive the economy into a second and more serious recession. Be Solvent & Prosperous, Sanford Kahn,...

Hello, In the 1920’s then Secretary of the Treasury Mellon went through an exhaustive study to determine what top incremental income tax rate would maximize income to government yet, also, provide meaningful incentives for individuals to take business risks.  The answer was a top rate of 25%.   This is far lower than the current top rate of 35% and probably going higher due to rapidly rising Federal deficits. Once you raise the top Federal tax rate above 25%, you hit what is called “the law of diminishing returns”.   Raising rates above 25% will produce far less revenue than is expected and...

Hello, The one thing the government should NEVER do is to raise taxes when we are in a recession or just barely crawling out of if.  Unfortunately, this is what our Congress is going to do to promote their political interests. First will come the tax increases associated with Obama’s health care proposal. Next will be the tax increases due to the expiration of Bush’s tax cuts.  They expire at the end of 2010.  The top marginal income tax rates will increase and so will the capital gains tax.  The 900 pound gorilla tax increase will be the taxes (passed on as costs) associated with...