Excellent point, D. I thought the same thing, myself. At the very minimum, we know that those companies getting tax breaks for sending jobs overseas should NOT be getting those breaks, and places like Exxon Mobil didn't pay at all.
I'm absolutely for the closure of corporate loopholes, and the eradication of certain forms of tax breaks, when those tax breaks are not actually bringing the intended results.
But I've never felt that demonizing "corporations" for simply being corporations, or doing what the law, in fact allows them, is a particularly productive stance.
A tremendous number of small businesses are incorporated (or are some other form of business organization), but there are those who would tar and feather all such organizations.
But then I get crazy listening to people demonize TIF financing who don't actually understand at all how it actually works.
And I looked it up. Corporations that will owe taxes estimate their tax burden and file quarterly returns. Hence, not a surprise that some would be entitled to refunds.
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But I've never felt that demonizing "corporations" for simply being corporations, or doing what the law, in fact allows them, is a particularly productive stance.
A tremendous number of small businesses are incorporated (or are some other form of business organization), but there are those who would tar and feather all such organizations.
But then I get crazy listening to people demonize TIF financing who don't actually understand at all how it actually works.
D.
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D.