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>[...] Why not subsidize workers’ wages instead? Sounds like a great idea! Companies get to save money and the tax payer effectively pays the companies profit.
by thesimon 10y ago
>[...] Why not subsidize workers’ wages instead?
Sounds like a great idea! Companies get to save money and the tax payer effectively pays the companies profit.
- bpodgursky 10y agoWell, corporate income tax is higher that individual income tax for the vast majority of people... so it probably would mean more tax revenue overalll. And no, income earned in the US cannot be kept offshore, so yes, taxes will actually be paid on it either when "earned" by the company or distributed (buybacks, etc).