Home | Back to full article

It would appear that some legislators have NOT figured out that it is impossible to tax a corporation.  All taxes are a cost of doing business and are passed along to the final consumer (that is you and me).  If those taxes become too burdensome, then the product(s) of that corporation become too expensive and a competitor from another State or Country will soon put them out of business.

In Summary:  You can not tax a business, the most you can do is tax them out of business.

Tax the executives of a company too much and they will find a place to reside where they can handle the tax load.

The tax regulations are so complicated that NONE of the executives do their own taxes, but hire tax specialists to figure out what the tax regulations require.

Due to the current tax climate in the US many of the top executives are moving out of the country.

The State of Colorado saw that amongst other corporations, the freight company PIE was a “ripe tax plum” and they were going to “pick” it.
The officers of the company warned Colorado that they could not stay competitive in the freight handling business if that tax burden was placed on them.  But the Colorado legislature was just drooling thinking about all the money they could extract from corporations such as PIE, so they passed the tax bill.  It seems that they thought PIE was a captive corporation, but they forgot that PIE was a company on wheels.  The very next day PIE moved “lock, stock and barrel” to Wyoming and PIE sold off its corporate headquarters in Colorado.

France is now going to “balance it’s budget” by taxing the rich.  Those executives are moving out of France in droves and they are fleeing to Belgium and England.  Unfortunately those executives will be no longer creating jobs or paying taxes in France, so the French consumers will bear the increased burden.

With the current tax climate and the fear of being taxed and regulated out of business in the US many corporations are now operating in foreign countries and with what they are “seeing on the horizon” even more corporations are now looking for “friendlier” territory,  and plants are being consolidated and closed.

Auditors have confirmed that the new “free” health care system has 18 hidden taxes in it and depending on how the the new health care systems department executives interpret their privileges and obligations there may be as many as 26 taxes added to the cost of health care, but the 18 are confirmed to be in that bill.  Who will pay those taxes?  The patients. 

Under that bill corporations are required to provide “acceptable” “free” health care plans and due to the ambiguous wording of the “free” health care bill, they can not figure out what their obligations will be.  Of course there is no such thing as “free” and the employees will, in reality, pay those additional taxes and their job may just “disappear”.

Due to the over 100,000 new regulations which cost industry 80 Billion dollars to administer last year, many company owners are now considering just going out of business and retiring to some other country. “Get out while the getting is good”.

The “free” ride is on a crash course towards reality and the “free” ride is going to disintegrate when it crashes into reality.

A retired Engineer, former editor of the Conservative political newspaper, the “Minnesota Eagle”, John Brogger is a former farmer, active in politics, a Constitutionalist and dedicated Christian.

Items of notes and interest from the web.