Woz on taxes: It’s really not fair that businesses are not treated the same as people

“The co-founder of Apple has said big corporations should be treated the same as individuals for tax purposes,” BBC News reports. “Steve Wozniak was speaking in Londonderry [UK] at a business conference.”

Woz said:

People are not taxed on profit, they are taxed on income, corporations should be taxed the same as people in my mind, that is how it should be, that would make things fair and right. That means corporations pay taxes on all of their revenues or people only pay it on a tiny amount called profit and until we rectify that the whole problem is just with us forever.

That is why the rich get richer and the poor get poorer and I am always for the individual being much more important than their training, same reason I created the Apple computer at the start, it was to empower the little guy.

Why do businessmen get to write off lunches and cars? If normal people did they would have more savings. That is really not fair, that businesses are not treated the same as people. A person would say, ‘my life is my business and I have to pay for my home, pay for my clothes, my food and what is left over if I make a little money some year and put it in savings, that is my profit’, but people are not taxed on profit, they are taxed on income. – Apple co-founder Steve Wozniak, May 30, 2013

Full article here.

62 Comments

  1. There is that mid 1800s Supreme Court ruling that granted corporations the same rights as individuals. In light of that that the tax policies towards them should be similar. The deal is a corporation never goes to jail.

    Now that said let me beat a few commentators here to the punch.
    Who could have guessed that the Woz is a radical Marxist Communist? He should turn into FOXNews and Rush Limbaugh and learn the truth that he is been brainwashed by the Libs !!!

    1. though the corporation is acts as a body of employees,
      the directions are handed by the CEO – as a whole it is regarded as an individual…

      the deal should be – the captain goes down with the ship
      in other words, those CEOs should be responsible for the course of the company while in power and hence sent to jail – Conrad Black did.

  2. If I had to pay taxes on my revenue, I’d just quit being in business altogether. It’s hard enough to make a buck as it is. The only thing that should be taxed is the difference between what I paid to make the widget and what I sold it for.

    For example, there are times when I’ve lost money on projects. Maybe it was a bad bid, whatever. But if it cost me $10,000 to make the product and, as it turns out, I could only collect $10,050 of revenue and then you’re going to turn around and tax the revenue without regard to the profit margin I would probably lose money. Stupid.

    In addition, as a business owner I already have to match all of my employees’ social security and medicare taxes — so believe me I pay a heck of a lot in taxes all year long before I even get around to income taxes.

    Wozn’t a good idea 🙂

    1. Tax the income. Then tax the employees’, board members’, and shareholders’ income. Then tax the shipping costs. Then tax the fuel. Then tax the sale. Then tax the electricity. Then add FCC taxes and other taxes on the Internet services. The truth is, as has been said before, corporations pay zero, Zero, ZERO taxes. ALL income to corporations ultimately comes from the consumer, so you don’t just pay the sales tax, but every other tax that any business has paid gets rolled into the sales price. So, keep on clamoring for corporations to pay more taxes, at you own expense.

  3. Woz: We The People no longer have any lobbying ability seeing as the people we ‘elect’ have been bought off by our Corporate Oligarchy even before we vote for them. That’s how government now works. So much for ‘democracy’.

    1. Democracy: A government of the masses.

      Authority derived through mass meeting or any other form of “direct” expression.

      Results in mobocracy.

      Attitude toward property is communistic — negating property rights.

      Attitude toward law is that the will of the majority shall regulate, whether it be based upon deliberation or governed by passion, prejudice, and impulse, without restraint or regard to consequences.

      Results in demagogism, license, agitation, discontent, anarchy.

      Based on the definition, a Democracy doesn’t sound all that inviting either. That’s probably why the founders created the United States as a constitutional Republic.

      1. Actually, the US is a constitutional republic because the founders realized that it had too vast of a nation with too diverse a populace (with radically different languages, level of education, and wealth) to practically implement direct democracy. However, some societies DO practice direct democracy — the New England town hall meeting or the cooperative being just two examples. Both are highly effective when everyone takes his civic responsibility and his education seriously. Problem is, the USA has become fat and lazy, so instead of evolving the republic with an antiquated election system into something much closer to actual democracy — popular IRV voting, for example — the voters have allowed the richest special interests to buy the government right out from under their noses. And who might the richest special interests be? Corporations, of course. The tax burden should be shifted AWAY from small businesses and entrepreneurs, and much more heavily on the corporate entities that have gerrymandered tax code and laws to suit their greedy little desires … while you and I pick up the tab.

    1. The Republicans have been in power as often as the Democrats. So while I think I have a valid reason for thinking that only profits and dividends should be taxed, I think it’s a bit of stretch to suggest that our system began in 2008. In fact, it’s an outright revision of American history that’s getting very old.

  4. Woz would have a point if it weren’t for the fact that corporate taxes are a myth. When corporations pay taxes those dollars come out of employee pay and shareholder dividends (which of course are taxed again). Corporate taxes only hide the true tax bill each and every one of us has to pay.

  5. Businesses create jobs, jobs create income, income creates the largest revenue stream for the government… Tax companies out of business and lose everything – they move to foreign countries exempt from US tax laws. Sorry, Woz is an ever increasing idiot who should think about things before opening his mouth. We are in a global economy, if you can’t compete fairly, you’re done and out. The US government has been pushing US companies and jobs away for a long time now.

    1. Two more points… People are taxed on NET INCOME, not income, those can be a huge difference.

      Furthermore, if pressed hard enough, Apple or any other company could just simply uproot and move to another country… Then what happens? The US economy falls on its face… There is an important and real reason for tax breaks. If you want to be a douche about it… EVERYONE stands the chance of losing out.

      Too many people lose sight of that fact. NO COMPANY is stuck in the US or anywhere else for that matter. As soon as they lose an advantage, they can go somewhere else to make up for it.

      You can argue until you’re blue in face, but that’s a fact and one worth considering.

      1. Interesting, then, that most of the corporations on this planet have set up headquarters in the USA. Practically all corporations have offices in the most expensive cities around the world. If they were so worried about saving money, why waste it on overpriced office space? Do you really think that Apple’s new $5 billion + oversized Aerobie office is going to make it a more productive organization? IF Apple really wanted to improve its business, it would take a page from slimy Microsoft: instead of building edifices to aggrandize corporate greed, take the $5 billion and donate it to schools. Give every kid who graduates high school with honors but can’t afford a computer for college a free MacBook Air. Take the tax writeoff and stop whining about the fact that the nation that supports your existence has costs to pay too.

  6. I am going to disagree. Only equity holders should be taxed. In my opinion corporations should never be treated as people. People should be treated as people.

  7. Corporations DO NOT PAY TAXES! The people who purchase their products do. If you increase the tax rate on corporations, they will simply increase the cost of the goods and services they produce to cover the increase.

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