Even LUC says WTF!

I had no intention of posting today. I didn't wake up cranky. Didn't have the itch to rant. Then I read an article that said Most companies don't pay income taxes. Those damn corporations and their shady ways. Screwing the little guy once again. Bastards!

Go ahead. Read it. I'll wait here.

Now that you're back did you notice some important things? Let's start with who requested the report. That would be two Democrat Senators looking to rally the wretched poor against the evil empires.

"It's shameful that so many corporations make big profits and pay nothing to support our country," said Sen. Byron Dorgan, D-N.D.

Shameful I say. Just friggin shameful. Of course, no where in that report did it say that those companies actually made big profits. (Where is my "Jump to Conclusions Mat"?)

With the attention span most Americans have these days they'll probably stop there and sharpen their chad punchers so they can go vote for the Goliath killers. What they'll have missed is important.

The next two paragraphs tell the story though. The guy from the CATO Institute explains that Limited Liability Corps and "S" Corps pay taxes through the individual owners personal income taxes....and then he says fully half of todays corporations fall into these categories.

Are you ready for some math....I hope so.

If 2/3s of corporations didn't pay income taxes - yet half of all corporations fall into the LLC/S Corp realm, what does that leave us? ok - for the public school educated - 2/3 = 66% so 66% - 50% would leave us with 16% of companies in the US that didnt' pay income taxes.

So 16% of businesses didn't pay taxes. Why could that be? I dunno - if a business has a loss for the year, they have no tax obligation. If a business gets tax credits that are large enough to offset their tax burden - no tax obligation. If a business re-invests in itself for growth - that could reduce or eliminate a tax obligation.

So who doesn't believe that 16% of businesses in any given year would have a loss and therefore no tax burden?

This is just another case of Democrats trying to instigate further class-warfare in our society. I've said it before - here it is again - Karl Marx would be proud. The funny thing is, for every rediculously paid CEO there are thousands and thousands of small businesses that aren't necessarily making their owners rich. They are giving people jobs. Paying taxes. Paying taxes for the people that they gave jobs to. Building the economy one small sale at a time.

Something else these Democrat class warfare proponents won't tell you - for every employee that a company pays, they also pay a percentage above and beyond the salary. For many this is another 20% tithe to uncle sam for basically doing squat.

Don't let em rip our society apart with this foolishness. America is about being the land of opportunity and not the land of guaranteed results. If you want to succeed it should be on your own merits and not because the government pulled someone down to meet you halfway (which is never halfway).

End the class warfare.