I just thought of an answer to people who say that lowering income tax produces [View All]

[Maraya1969]

more jobs because the wealthy have the money to pay more people.

First off most of the people getting the tax breaks are not in the position to hire people. They are executives at large corporations or stock brokers or people who are just rich, (because I can't thing of anymore job examples) that are not in a position to hire people.

Secondly and I think this is the most important part is most businesses are owned by corporations, not be individuals. Do the CEO's of Starbucks or the local pizza joint down the road pay their employees with their own money? NO. Even if they are not incorporated the salaries come from the business profits not the CEO's or owner's pockets! So this "tax breaks help the economy because they allow rich people to hire more employees" is bullshit.

Of course if business is good the owners of the corporation are going to pay themselves and their employees more but that is about the state of our economy not how much income tax the corporations pay their owners or employees. The salary that they pay themselves is what an income tax increase or decrease affects, not the corporation profits.

When people complain about income tax remember incomes are what people earn. Profits are what companies earn.