Taxes and reality

It sounds so logical to hear the average citizen call for increasing corporate taxes to make for a fairer taxation policy. Unfortunately that system does not work as long as the corporations can raise the prices so that you end up paying the increase.

Who do you think paid the taxes levied on phone companies? Who do you think paid the higher prices at the pump on the taxes to the oil companies? Who do you think pays the real estate taxes? The home owner, the co-op buyer and the renter. Whenever a company's real estate taxes go up, the consumer pays. The mortgage companies, the banks, your cable companies all raise their fees, and the list goes on and on.

Trickle down economics work if you're a corporation. Whatever costs are levied on companies at the top, are trickled down to the consumer at the bottom. But increased profits? They usually go to increased CEO salaries, cash reserves or stock buybacks. The cash rarely trickles down.

The fairest way is to close the loopholes on income tax benefits to incentivize companies spreading their wealth around instead of concentrating it at the top and to eliminate special tax benefits for companies who take their money and jobs out of the country,accounts out of the country.

It is obvious the present tax policy only benefits the wealthy. No matter how much they complain about their tax burden, the disparity between rich and poor keeps growing.