Thursday, October 28, 2004

Position - Corporate Taxes

I just read a piece in Fortune about corporate taxes and frankly, it made me boil.

Berkshire Hathaway, Warren Buffett's financial tool paid $3.3 billion in taxes last year and it constituted almost 3% of the total corporate income tax paid. 61% of corporations paid NO taxes.

This is not reasonable. I understand accounting and investments, but if a corporation is paying less taxes than it's employees, you have to change something.

I am open to suggestions, but corporations must begin paying income taxes.


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