Reply #9: Bushit. Here are two counterpoints [View All]

They get limited liability from the Federal and state governments. Their shareholders, who usually include top managers, are only liable to debtors to the extent of their equity investment. If Enron goes under its debtors can't take the homes, bank accounts and personal property of the shareholders. I'd be willing to eliminate all corporate taxes if they give their limited liability up. Fat chance.

Business cannot pass through taxes as higher prices because some business will try to take a lower profit margin to get greater market share. If they could pass through tax expenses to consumers, they would never worry about taxes. Yet they piss and moan about taxes all the time and hire an army of lobbyists in DC and every state capitol to avoid or reduce their tax exposure. If they could simply pass taxes on to consumers, why would they do that?