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Reply #13: corporations don't pay sales tax on things they buy for resale [View All]

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1932 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-28-07 09:07 AM
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13. corporations don't pay sales tax on things they buy for resale
which is most of what they buy.

also, 50% of Americans spend more than they make so any sales tax increase would only send them further into debt and pad the profits of all their lenders (their mortgage companies, credit card issuers, studen loan lenders, etc.) who make money off interest and, therefore, make more money if you're in more debt.

Do you think 50% of corporations are spending more than they make? Probably not. And, in fact, the bigger the gap between what a corporation OR individual makes and what they spend, then the smaller the tax burden is of a flat sales tax.

A flat sales (or income) tax is a huge gift to the wealthier you are. And a flat sales tax is even a bigger gift to people as the gap between what they make and spend increases.
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