After reading the articles above about debt and its effect on the American and World economies and considering how the EPA regulating CO2 will increase the fees and taxes on almost all industries and good, I am including a short educational piece that I wrote back in April:

Corporations pay NO taxes! Wow, that strikes you kind of like I had said “man bites dog”. Politicians love to tell you how they are going to tax big corporations and very few people seem to care, because after all corporations don’t vote! However, every voter should have the hair on the back of their neck stand up when you hear this kind of talk from our representatives and here’s why. Corporations pay no taxes, no matter what anyone tells you. Instead you pay all of their taxes for them, meaning that any taxes or fees that are levied on a corporation are always passed on to either you the consumer or you the employee. When a corporation has to pay taxes, the market causes them to have to do one or more of several things. They must decrease money spent on R&D, decrease money spent on wages, decrease dividends pass on to shareholders, or increase their prices on goods. They cannot just take the cost of the increased taxes out of their profit because that will place them at a competitive disadvantage in the long run. If you think about this carefully, the end result of every one of those options is that individual people end up with less money. All of this really means that people pay their taxes, not the corporation! Think about it this way, corporations are not at the bottom of the tax food chain, you are. So any policy that hurts a company or costs them money will result in a lower standard of living for individuals. Remember this anytime you hear politicians talking about taxes or fees on any kind of company!