President Barack Obama and the liberal news media have been complaining that corporations have assets abroad and don’t pay enough taxes. Unlike government, corporations have to show a profit or people won’t buy their stock. Because of a higher cost of production in this country, corporations buy companies overseas and operate them. By using local labor, they are able to sell these goods in those countries. Corporate taxes in this country are 35 percent, among the highest in the world. The stockholder pays taxes on dividends, therefore paying double taxes. Compare this with the 40 percent of the people in this country who pay no taxes, but have the same rights as people who are double-taxed to support them. I have never talked to anyone, Democrat or Republican, who thinks the government spends taxpayer dollars wisely. According to the Congressional Budget Office, the federal government spent $260 billion in 2012, and no one knows where, how, when or on what. Under these circumstances, anyone who wants to give more money to the government is a fool. The government should be run like a business, not a charity.
David J. Silva, Los Banos