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View Diary: Corporations get billions from cities and states but they often don't keep their end of the bargain (135 comments)

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  •  Sorry, bad idea. (0+ / 0-)

    Sales taxes are regressive to the max.
    Why punish the consumers while giving the corporations tax breaks? That's exactly backwards.

    If I ran this circus, things would be DIFFERENT!

    by CwV on Mon Dec 03, 2012 at 07:07:44 AM PST

    [ Parent ]

    •  Because it ensures that a Wal Mart store (0+ / 0-)

      that sells to a multi-city area pays taxes to all of them.

      Economics is a social *science*. Can we base future economic decisions on math?

      by blue aardvark on Mon Dec 03, 2012 at 07:17:47 AM PST

      [ Parent ]

      •  No, it ensures that Wal-Mart's customers (1+ / 0-)
        Recommended by:
        CwV

        are effectively double-billed for this sort of "corporate incentive" welfare/fraud: on the leading edge by sacrifice of tax revenues or other fees and the trailing by having to make up the difference.

        Neither Wal-Mart nor any other corporation pays the sales taxes that accrue from the result of their sales. The purchaser pays it, and the corporation is merely an Agent of the State to collect them.

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