Ronald Reagan on Corporations
President of the U.S., 1981-1989; Republican Governor (CA)
"Some say shift the tax burden to business and industry, but business doesn't pay taxes. Oh, don't get the wrong idea. Business is being taxed, so much so that we're being priced out of the world market. But business must pass its costs of operations--and that includes taxes--on to the customer in the price of the product. Only people pay taxes, all the taxes. Government just uses businesses in a kind of sneaky way to help collect the taxes. They're hidden in the price; we aren't aware of how much tax we actually pay."
Reagan was right. If Americans understood just how many hidden government fees and taxes are absorbed into the price of the goods and services they buy, they would be irate.
|Other past presidents on Corporations:||Ronald Reagan on other issues:|
George W. Bush(R,2001-2009)
George Bush Sr.(R,1989-1993)
John F. Kennedy(D,1961-1963)
Past Vice Presidents:
Natural Law Party