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<blockquote data-quote="59 Dano" data-source="post: 942433" data-attributes="member: 23516"><p>They can do more than raise prices or pay it out of profits. They can also forgo future capital investments, employee benefits, new hires, pay raises, and so forth. It's usually some combination of any of those. The bottom line is that the money comes out of the pockets of individuals. It comes out of the respective pockets of:</p><p></p><p>The customer who had to pay a higher rate</p><p>The guy who owns stock (directly or as part of his 401k/IRA) who receives a lower yield</p><p>The guys who were going to build that new plane</p><p>The employee whose health coverage either went up in price or decreased coverage (or both)</p><p>The guy who would otherwise be hired</p><p>The employee who didn't get as much of a raise or didn't get any raise at all</p><p>The guy who got laid off</p><p></p><p>People who scream about how much (or little, I guess) corporations pay in taxes absolutely ASTOUND me. First off is that they never realize that in the end, it's going to be someone like them who pays whatever stupid increase they wish to see enforced. Then there's the sheer hypocrisy and ignorance of what they're complaining about. A company organizes its activities to reduce its tax liability as much as possible while still remaining in compliance with the tax code. Can you name any people who don't do the same thing? Do you know of anyone who says, "I never take all of the deductions to which I'm entitled"?</p></blockquote><p></p>
[QUOTE="59 Dano, post: 942433, member: 23516"] They can do more than raise prices or pay it out of profits. They can also forgo future capital investments, employee benefits, new hires, pay raises, and so forth. It's usually some combination of any of those. The bottom line is that the money comes out of the pockets of individuals. It comes out of the respective pockets of: The customer who had to pay a higher rate The guy who owns stock (directly or as part of his 401k/IRA) who receives a lower yield The guys who were going to build that new plane The employee whose health coverage either went up in price or decreased coverage (or both) The guy who would otherwise be hired The employee who didn't get as much of a raise or didn't get any raise at all The guy who got laid off People who scream about how much (or little, I guess) corporations pay in taxes absolutely ASTOUND me. First off is that they never realize that in the end, it's going to be someone like them who pays whatever stupid increase they wish to see enforced. Then there's the sheer hypocrisy and ignorance of what they're complaining about. A company organizes its activities to reduce its tax liability as much as possible while still remaining in compliance with the tax code. Can you name any people who don't do the same thing? Do you know of anyone who says, "I never take all of the deductions to which I'm entitled"? [/QUOTE]
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