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Politico: Mitt Romney Doubling Down in Miami Today (9/21/2011), “I told them (Iowans), corporations are people"

Mitt Romney is doubling down on his “corporations are people” line.

Speaking to a town hall-style gathering at a Miami airport hotel, the former Massachusetts governor repeated the line he first said last month at the Iowa State Fair.

“I’ll communicate to the private sector, by the way, that we like you,” Romney said in response to a question about how to encourage banks to lend more money. “We like enterprise. I was in Iowa the other day, and people suggested that we just raise taxes on corporations.”

He went on: “I told them, corporations are people. … Raising taxes on corporations is raising taxes on people.”

More here...

http://www.politico.com/news/stories/0911/64030.html

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Interesting

This is a very interesting discussion, i'd like to hear more about the tax implications and history of this whole corporations = people debate.

If corporations are people then it must be that

people are also corporations.. I should be able to write off food, power, rent, and everything else I need to sustain myself on my taxes.

Which is hence, one of the

Which is hence, one of the reasons that has been said that people don't actually have income. Income was originally a commercial term. People have wages.

ie from web:
Wages are the property an individual receives in exchange for the products of labor, (net) income is profit or gain. Fundamentally, wages are merely conversion of an asset, there can be no gain. In 1913 when wealthier individuals began paying the income tax, the intent was to tax the individual’s net income — net profit and gains from businesses, proprietorships, and investments. By this time readers should realize that if income is synonymous with profits and gain, then with respect to taxation the term net income is redundant.

And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

would be

EPIC if true

Romney once again oversimplifies......

and misses the issue altogether.

it's easy for him to over simplify--

he was raised in an ivory tower, and he's never been out of it--

"Mitt to earth; Mitt to earth; can you hear me up here?"--

*rolling my eyes*

it's hard to be awake; it's easier to dream--