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Ya, I don't know exactly what to think of corporate tax per say. On one hand it seems like taxing the machine that makes you the pie, which sounds counterproduc
by didibus 6y ago
Ya, I don't know exactly what to think of corporate tax per say. On one hand it seems like taxing the machine that makes you the pie, which sounds counterproductive to making the biggest pie possible. But if you look in the details it could be a way to avoid tax evasion, easier to audit corporations then individuals, and it also somehow gets less pushback when it is increased if there's need for a bigger budget. Increasing the income tax people will see the effect directly on their wallet, but increasing the corporate tax passes through more undercover.
- anm89 6y agoMy personal take is that in our globalized world, the governments are in competition to some degree for corporate tax dollars and that pushes corporate tax rates down, but they are all independently doing that with the goal of maximizing their own income. I can respect anyone on any side of the aisle as long as they admit its a complicated problem. But I will hold that if the US went too high with its number, at some point it would have really negative effects for the country. I don't claim to know what that number is and I assume it is to some degree relative to the rates that other countries have and to some degree relative to whether companies are netting profits or not.