4 ms·
Tax reform proposal: the limited liability shield is incredibly inexpensive, bordering on free ($600/yr here in MA). On the other hand, it’s insanely valuable.
by poslathian 8y ago
Tax reform proposal: the limited liability shield is incredibly inexpensive, bordering on free ($600/yr here in MA). On the other hand, it’s insanely valuable. Let’s generate tax revenue by charging fairly for this incredible gift to business operators. In lieu of system wide income taxes, we can charge a percentage of revenue in return for limited liability protection. Don’t like the tax? Chance it, and shareholders can take legal responsibility for the actions of their organizations.
- Traster 8y agoWell let's call it what it is. You want a revenue tax on corporations. The obvious point is: high turnover businesses that make profits through volume would pay a disproportionate tax - a tax which ostensibly is to do with liability insurance, but doesn't correlate with the things that are likely to incur liability.