Fair Share Tax

First, what is meant by Fair Share? We hear it bandied about all the time, mostly by politicians, and it usually refers to taxing the wealthy corporations - the ones with those huge profits - so that they will pay their fair share. But think for a moment. Do corporations really just absorb that tax and let us off the hook? Of course not! This is a politcian's trick. Economics 101 teaches us that companies can't bear taxes, only people can. The companies, in effect, collect taxes for the government by passing that tax on to all of us - customers, employees and stockholders. The costs of our goods and services and the prices we pay for those goods and services just go up. See what we mean?

© Mark Poprocki - Fotolia.com

If you can understand this simple argument then pat yourself on the back. You are one step closer to getting out of the Booboisie!