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"The difficulty with taxation is not calculating tax rates, that's simple, the difficulty is determining what is taxable income/profit." Exactly! Flat tax is j
by maxxxxx 8y ago
"The difficulty with taxation is not calculating tax rates, that's simple, the difficulty is determining what is taxable income/profit."
Exactly! Flat tax is just another trick to reduce top tax rates while not solving any problems.
- mamon 8y agoThen do not tax income, tax revenue. If company makes, say $10B in the US in sales, they should be required to pay at least 1% of that, i.e $100M in taxes. And before anyone starts complaining that some companies have very thin profit margins: if your profit margin is close to or less than 1% then your business model is unsustainable in the long run anyway.