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Removing the corporate income tax implies changing the capital gains exemptions as corporations would no longer be double taxed. Once double taxation is elimin
by smileysteve 8y ago
Removing the corporate income tax implies changing the capital gains exemptions as corporations would no longer be double taxed.
Once double taxation is eliminated, capital gains can approach the full progressive rate as they will still be incentivized without the earned income payroll taxes.
- Sohcahtoa82 8y agoWhat double-taxation are you referring to here?
- onlyrealcuzzo 8y agoCorporate tax + capital gains tax.
- Sohcahtoa82 8y agoStill not sure what you're referring to. Are you talking about companies investing into other companies, then when they sell those investments, are they paying a capital gains AND corporate tax on the profits?