May 7, 2021

May 7, 2021

Your Source for Free Speech,
Talk Radio, Podcasts, and News.

Uncle Joe Didn’t Tax Corporations; He Just Taxed You!

by | Apr 13, 2021 |

Print Friendly, PDF & Email

Another Zombie Progressive Policy that won’t die: increased business taxes. Emperor Palpatine, excuse me, Emperor Joe now proposes higher business taxes. According to Marketwatch, his Imperial Bidenship proposes increasing corporate taxes up to 28%. (Trump and a Republican Congress had reduced them from 35% to 21%.)

Watch Us “Tax Businesses” While We Actually Tax You

In this cultural climate of crying “misinformation,” I will kick it up a notch. I cry, canard! The notion of “business taxes” is a canard and a lie. It is the old con-man / magician’s trick of misdirection. “Watch the colorful silk kerchief. I wave around with my right hand while I pick your pocket with my left hand.” “Watch us tax businesses while we actually tax you.” We have swallowed the lie of a “business tax” ever since 1909, when the 16th Amendment to the Constitution was ratified (BIG mistake).

A Business Tax = A Tax on You and Me

Why do I say business taxes are a lie? Because in the business accounting world, taxes are a cost of doing business. All costs of doing business are built into the price of the product or service sold. Wages, cost of raw materials, cost of heating the factory, cost of electricity for the office, etc., etc. are all added up and divided by the number of products produced for sale. Add a percentage of the profit margin, and you get the price of the product or service that you and I pay.

So, what happens when corporate taxes rise by 7%? That $2 loaf of bread becomes $2.14. That $2.70 gallon of gas becomes $2.88. That $1.50 pair of socks becomes $1.60. The corporation isn’t paying. You and I are paying. 

All while claiming, “We didn’t raise your taxes; we raised taxes on those greedy businessmen!” It is a trick. A lie. A way of camouflaging and hiding the fact that Congress has just raised YOUR taxes. The tax is hidden in the price of the product.

Remember the Boston Tea Party?

Why hide the tax on you? Because when you can see a direct link between a higher price and the higher tax, you will be angry. Remember the Boston Tea Party? Why were the colonists upset? Because taxing the tea meant the colonists paid more for their cup of tea. The British Parliament attempted to hide the tax by taxing the tea producers, who passed it on to consumers. Our ancestors were smart enough to realize that this was a tax on them, tea consumers, not the tea producer businesses. 

Here’s How the Trick Works

When you buy $100 in products and look at your sales receipt and see the tax you pay goes from $7 (state sales tax) to $14 (state + federal tax), you might write your congressman. You might even decide to back another candidate at the next election. BUT, when you buy products now priced at $107, you don’t see a separate tax line item on the sales receipt. You think, “Oh well, inflation.” That’s how the trick works. You don’t realize the increased price is actually an increased tax. 

TANSTAAFL

The libertarian science fiction author Robert Heinlein popularized the acronym TANSTAAFL. There ain’t no such thing as a free lunch. Big city bars in the 1930s offered “free lunches” in order to entice customers in to buy beer and other drinks. Guess what? The price of the lunch was embedded in the price of the beer. You paid for the lunch. The practice continues today in Las Vegas, where casinos offer cheap meals to entice you into gambling, where you usually lose more money than the meal would have cost.

Likewise, the corporate tax is touted as “a tax you don’t have to pay.” And Generous Joe might give you a freebie: an Obamaphone, cancel your student loan debt, and fund the bankrupt pension plans of California and New York State Government employees. Freebies! Paid for by those evil big corporations. (Not!)

“There’s a sucker born every minute,” circus showman P.T. Barnum allegedly said. Don’t be a sucker. Don’t believe the politician’s shell games, canards, and lies. Think for yourself. You worked hard for your money. You may not be able to prevent the politicians from taking your money from you, but you don’t have to believe their lies. Tell the truth: Uncle Joe didn’t tax corporations; he just taxed you!

Michael McCarthy

Michael McCarthy is a life-long student of liberty, limited government, and free-market economics. As a young man, he taught and crewed at the Flint School aboard the 156’ two-masted schooner Te Vega sailing in Europe. Atlas Shrugged was required reading.

In 2010 he saw the acceleration of big government control in politics, business, and culture. Hoping to reach the next generation through fiction entertainment, he wrote the prophetic novel The Noah Option. Powerful politicians target brilliant black scientist Dr. Grace Washington. Her story continues in the sequel, The Rainbow Option, when powerful elites unleash a deadly virus on unsuspecting Americans, and Grace must develop a cure. In The Timshel Option, ISIS invades and creates The New England Caliphate, making women second-class citizens. One teenage girl fights back.

"The things I predicted in my novels came true in the nightly news. Our country is in trouble. Like Abraham Lincoln, I hope for a new birth of freedom,” says McCarthy.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Use the code ‘OUTLOUD’ and receive your 20% discount on your first order.

Democrat Free Lunch Tab Charged to You and Your Children

Democrat Free Lunch Tab Charged to You and Your Children

Do not forget that those corporate taxes get passed back to most Americans who don’t come close to making yearly $400,000 bonanzas. It also whacks huge numbers of investors, including 53% of American households — 100 million of them — that have lifetime savings held in individual 401(k) and IRA accounts … along with prices we all pay for their services and products we depend upon…

The Hidden Side of Medical Cancel Culture

The Hidden Side of Medical Cancel Culture

Let’s be clear; you aren’t wearing a mask for your health; you are wearing it because you’ve been duped by the medical cancel culture. The same goes for the social distancing and the radical “vaccine” experimentation. The truth is, we have a ways to go before we will be able to tally the full carnage from Coronamania. If we don’t start opening our eyes and ears to…

Florida Governor’s Pen Is Mightier Than The Sword

Florida Governor’s Pen Is Mightier Than The Sword

Florida will fine any business or school $5,000 each time it requires a “VACCINE PASSPORT” or proof of COVID 19 vaccination. DeSantis states, “I was proud to sign landmark legislation to protect individual liberties. SB 2006 Bans Vaccine Passports; Prohibits Indefinite Lockdowns; Ends Local Restrictions on Small Businesses; and Bolsters Emergency Preparedness for Future Health Emergencies.”

Soros in Myanmar, and Soros in Maricopa – Same Game

Soros in Myanmar, and Soros in Maricopa – Same Game

More and more evidence is being uncovered almost daily, revealing the nefarious forces who are actively involved in trying to “fundamentally transform” this country. One of the driving forces is the George Soros organization, which has been hard at work trying to change the face of America not just in national elections, but also at the grassroots level…

The Two Minute Hate is Now 24/7

The Two Minute Hate is Now 24/7

In George Orwell’s prophetic dystopian novel 1984, all citizens of the tyrannical country of Oceania must participate in a daily public ritual called the Two Minute Hate. What we are now seeing and hearing from the Leftist Marxist Democratic Socialists is a new version of the Two Minute Hate. “Get in their face!” screams Maxine Waters. “Confront them in restaurants!” …

Joe Biden is Unfit to be Commander-in-Chief

Joe Biden is Unfit to be Commander-in-Chief

While Biden is contemplating his navel for more twisted ‘inspirations,’ and while the Democrats and leftists are undergoing an unrelenting process of intellectual masturbation, China, Russia, North Korea, Ayatollahs, and Fundamentalist Muslims, are sharpening their knives to slice bits from America’s allies to start with, and slaughter the USA later…

Conservative Leadership, Where is it?

Conservative Leadership, Where is it?

There is a double standard of justice under which Republican politicians, except those who served under Trump and newbies who refuse to play the game, feel the warming embrace of security from prosecution so long as things remain the same. One must wonder why Hillary Clinton isn’t in the dock yet. Her crimes, and Obama’s, and now, even John Kerry’s, are simply ignored by the DoJ, the FBI, and the media…

What Kind of HATE Lets Fellow Americans Go Hungry?

What Kind of HATE Lets Fellow Americans Go Hungry?

Conservatives are usually too busy working, being productive, and moving forward in life to bother with such negative stuff. Leftists, on the other hand, many unemployed and living on the taxpayer’s dole, have the time and an agenda that includes demolishing their “enemies.” It’s their way of taking from the “haves” and giving to the “have-nots.” Saul Alinsky, the father of…

How Capitalism Dies

How Capitalism Dies

Will our economy be able to grow enough to make all of this spending affordable, or are we going to change the basic framework of our economy such that we go into a death spiral? Joe Biden and Kamala Harris promise to build a nation of ‘equity.’ In other words, goodbye capitalism, and hello the government being the provider of all things. If so, our economy will go into its death throes, and though like the Titanic…

The Woke Revolution Is Driving America Towards Communism

The Woke Revolution Is Driving America Towards Communism

Socialists tell us that they will feed, clothe and shelter us with access to free medical care as long as we keep them in power. But this is really a form of slavery, dependent on coercion and the suppression of human freedom. Socialism ties people to the government, just as medieval landlords tied their serfs to the land. The framers of our constitution knew that the system they established could only survive if it were fought for.

Your Source for Free Speech, Talk Radio, Podcasts, and News

 

Here we take on the challenges of our generation so that we can preserve future generations.

LISTEN on the iHeart Radio Network

iHeartRadio

Get the Free APP to listen to great talk radio and podcast:

Free APP

Subscribe and Listen on Your Favorite APP

Apple Podcasts
Google Podcasts
Spotify
Pandora
Tunein
iHeart
Stitcher

If you love to listen, you'll love America Out Loud Podcasts!

Our Columnists and Show Hosts

Apple Podcasts
Share via
Copy link
Powered by Social Snap