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Tag: income tax

The truth about who pays taxes: Everyone and No One Simultaneously

Conservatives often challenge the logic and rationale behind taxing corporations because the tax is essentially a ‘pass through’ item;  the tax is paid by the consumer, in the form of higher prices for the product or service.  On this view, then, a tax on a corporation is actually a tax on the end user.  And this view is essentially correct.  It cannot be disputed at its core, because it is exactly the way the real world works- and will always work.

However, you can nibble around the edges, and since people will want to sock it to ‘big business’ they … continue reading...

Detroit Income Tax even for NonResidents?

Last night I learned that Detroit has put together an ‘income tax’ much like the Federal and State income tax.  In other words, it isn’t property tax.  (I heard it described as a ‘slum tax’).  We wonder why Michigan has been in recession for so long… well, one doesn’t have to look too hard.   The last thing that Detroit needs is another reason for people to flee- and I assure you, and I doubt you need to be convinced- a person who pays this income tax will receive absolutely nothing for its dollar.

The real insult to injury, the real … continue reading...