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How would corporations get taxed if you eliminated corporate taxes? You wouldn't want corporations to get taxed on their income/revenue/profits?
by MuffinFlavored 7y ago
How would corporations get taxed if you eliminated corporate taxes? You wouldn't want corporations to get taxed on their income/revenue/profits?
- jwally 7y agoInstead of taxing the income twice at lower rates with loopholes (corporate tax rate => capital gains rate) it would only get taxed once, but at a higher rate (marginal tax rate) with relatively fewer shenanigans.
- Youden 7y agoI'm not the OP but it's fairly simple: corporations wouldn't get taxed. Instead, shareholders would be taxed, as they're the ones who own the company and ultimately profit from the company's activities. You could do this by increasing the tax rate on capital gains (dividends are already income if I remember US taxes right).