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The tax code could have been rewritten last year to eliminate the corporate income tax, but require full income taxes on capital gains (potentially with some di
by smileysteve 8y ago
The tax code could have been rewritten last year to eliminate the corporate income tax, but require full income taxes on capital gains (potentially with some discounts or taxes on long term / short term)
Corporate taxes + lower capital gains taxes are double taxation on the same earnings; but also serve to very much politically obfuscate who pays the taxes, consumers, businesses, or the profiteers - which, while fungible - could drastically simplify the tax code.