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0%, with raises to capital gains to offset the tax revenue, would be better, but I can understand it's politically infeasible (because people are ignorant). Be
by bpodgursky 10y ago
0%, with raises to capital gains to offset the tax revenue, would be better, but I can understand it's politically infeasible (because people are ignorant). Better than nothing.
- harryh 10y agoAbsolutely correct. For others here is a nice essay on why this is a good idea: https://www.theatlantic.com/business/archive/2010/10/why-we-should-eliminate-the-corporate-income-tax/65351/ https://www.theatlantic.com/business/archive/2010/10/why-we-...
- hn_throwaway_99 10y agoYeah, to me it seemed to make much more sense to get rid of corporate taxes entirely, and then just tax all dividends and capital gains at income tax rates. Is there an economic (as opposed to political) reason this is a bad idea?
- cheald 10y agoMight raise too little revenue. But in general, if you want to tax capital, you should tax capital, rather than taxing companies (which do a pretty good job of offloading tax incidence onto labor.)
- ed_balls 10y ago0.5% of revenue. I bet corporation spent more on accounting.