Evil corporations, blah blah blah. Is that all we hear in today's world of class warfare?
Corporations are owned by average people and do two major things with profits. They reinvest it (which will spur job growth) or they give it to owners in the form of dividends. Most owners are average citizens through their 401Ks and mutual fund investments.
Higher taxes will result in less investment, or less dividends. Many senior citizens rely on corporate dividends for income.
Dividends are taxed twice. First the corporation is taxed. Then granny is taxed on the dividend. So if the company makes $100, the government takes $39 in taxes, and gives $61 to granny. The government now takes another $17.
In total, out of $100 that the corporation makes, Granny gets $44 while Obama gets $56.
Who is being unfair? How much would be fair for Obama?
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