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Doin
Lv 4
Doin asked in Politics & GovernmentPolitics · 9 years ago

Why is it wrong for the government to spend what it spends?

But not for businesses/corporations to not pay taxes? Can a republican explain that to me, as most republicans are for big businesses. In my opinion, if corporations paid what they owed, government wouldnt be in debt as they are. And yet, you ***** at what the government spends and support those who steal off of the government.

http://truth-out.org/news/item/8432-twenty-six-maj...

Update:

'It wouldn't matter. The government would just spend that extra money, too.'

Of course it does, its one thing to spend what you have, but not so much what you dont? Isnt that what republican logic is?

Update 2:

yas those who dont pay taxes, including those corporations, are no different then those who are on welfare. Those who dont pay taxes, still contribute to your defict and increase on taxation.

4 Answers

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  • Anonymous
    9 years ago

    Because many believe that the government is spending too much money at the wrong places. For example, in the unemployment programs. It is true that it is a very nice program to have to help those in need, but it is also very real the fact that many lazy, opportunist individuals (and I personally know a lot of these people) are taking advantage of the program to live off the government without lifting a finger, without working. I as a tax payer, do not want to provide for those who do not want to work.

    So there is an answer. It is not bad to accuse the government of spending too much, it is OK to accuse it because in fact it IS spending too much as in the example I gave you. It is also not bad to accuse corporations that do not pay taxes. So in conclusion, there are two things that need to be done: rearrange the priorities of the government to spend the money and push those irresponsible companies to pay their taxes on time.

    Source(s): self experience
  • kpk02
    Lv 6
    9 years ago

    Corporations create something and contribute to the economy (if they didn't, they wouldn't be collecting anything to be taxed). Government doesn't contribute anything because it doesn't create anything. All government can do is take money out of the economy in order to use it for whatever purposes they decide to use it for (after a sizable portion of the money is wasted in government overhead, of course). And if they don't have the money, they print it thereby effectively reducing every citizen's income through artificially created inflation.

    Corporation income doesn't account for as much money as you think it does.. at least not the huge corporations and those most often accused of avoiding taxes. In the US, 9% of tax revenue comes from corporate income tax. So even if you raise corporate taxes by 400%, it would still only (in and ideal situation) increase overall tax revenue by about what.. maybe 30% or so? That isn't even going to dent our deficit/debt problems in the US.

    Secondly, corporations never pay taxes.. and I'm not referring to the 0% income tax loopholes. I mean because of the intent of a corporation, any and all taxation on a corporation will always be pushed down in the form of: lower pay, job cuts, reduced expansion, store closures, product/service price increases, product/service quality cuts, etc... whatever it takes to maintain the profit margins that the investors expect the corporation to achieve. The quickest way to kill an economy is to increase taxes on corporations. Conversely, the best way to boost an economy is to lower/eliminate corporate taxes. Why? Because the bulk of tax revenue comes from personal income taxes and payroll taxes. That means the more people working, the more collected in taxes from both them directly and from all of the local businesses that see increased sales to meet the needs of the additional employees shopping in the area.

    Lastly, most corporations get out of taxes by one or more of:

    - they overpaid in a previous year and chose to carry that over into the next year instead of receiving a refund. That makes the followup year look like they paid no taxes.

    - They reinvest capital which is one of the tax exemptions in order to encourage reinvestment instead of piling up profits.

    - They lose money or assets therefore reducing their tax liability.

    - They pay the taxes in other countries. In which case the first thing to look at is how to make it more attractive for businesses to operating within the country rather than shifting assets to other countries. We're in an international market today.

  • 9 years ago

    I have an idea: instead of crying for 'fairness" by raising one group's taxes, why don't these liberals equally LOWER the other groups to achieve the same 'moral' results? Because they believe that money not paid to GOVERNMENT is really THEIRS to begin with the same that apparently owing taxes since 2002 is not making Buffet 'equally' guilty!

  • 9 years ago

    It wouldn't matter. The government would just spend that extra money, too.

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