Good for thee; but not me
More credibility problems at the New York Times. Seems the theory of anti-corporate tax avoidance is much more palatable than is its practice. About the paper’s uninspired explanation that the business side of the New York Times is separate from the editorial side, Captain Ed Says:
Doesn’t Pinch Sulzberger and his family own a controlling interest, and doesn’t Sulzberger direct the editorial content of the newspaper as publisher? News organizations claim that unbreachable walls exist between news and editorial departments at papers like the Times, but Sulzberger both owns and publishes the Times, which makes the notion of a wall between editorial and business operations rather suspect.
This is all just more evidence of the left-leaning ideologues at the NY Times and the hypocrisy that goes with the territory. They can’t get their mind around the idea that corporations do not pay taxes. People pay taxes.
The concept is simple, really. If Sulzberger’s profits go down due to higher taxes, does he and his investors settle for lower dividends, or do they raise the price of their products? So, by raising the price of a newspaper, does the New York Times pay the tax, or does the consumer pay the tax? Not only that, but the consumer is usually stuck with an even higher cost as a result of higher “corporate” taxes due to the proportional increase in the amount of state and local sales tax paid on the higher priced product.
