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Jan 06

Should the government focus on ensuring businesses pay their ‘fair share’ of federal taxes?

I have seen a lot of discussion on personal income tax and raising (or lowering) it for the highest personal income levels. Wouldn’t it be more cost effective (generate more income versus the amount of work) to first ensure large companies who make large profits are paying their fair share of federal taxes?

Reading this article is what prompted this question. In particular this quote, “This comes amid disclosures of low tax payments by some of the nation’s biggest companies, including General Electric Co., which made $14.2 billion in worldwide profits last year, but paid no U.S. corporate taxes in 2010.”

1 comment

  1. bigtomesz

    I agree with you about having companies pay their fair share, but wouldn’t that make them more likely to outsource? We already have many companies doing that, and I think that that would just make it worse. The American public (I’m guessing you are in the US) doesn’t like being inconvenienced much, and big corporations know that. We always take the easy way out, and we’ll buy anything that makes our lives easier, often at the expense of our country! ;0(

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