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Profit can be gamed and there are all sorts of little write-offs here, exceptions there, and loopholes besides. What we need is a lower rate against more recei
by cestith 7y ago
Profit can be gamed and there are all sorts of little write-offs here, exceptions there, and loopholes besides.
What we need is a lower rate against more receipts, and incentives only on things actually likely to spur growth. Imagine if every publicly traded company paid %2 on revenue minus payroll, employee training and healthcare, and maybe depreciation. The only way to pay less tax is to pay your workers and vendors more, but you don't need to shift things to this expense or that expense to dodge a profit tax.