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I don't understand how this would work. You would tax corporations based on actual income? So money-losing businesses would have to pay taxes on their income ev
by cutchin 6y ago
I don't understand how this would work. You would tax corporations based on actual income? So money-losing businesses would have to pay taxes on their income even though they operated at a net loss? And low-volume/high-revenue businesses would pay less in taxes than high-volume/low-revenue would?
- dnautics 6y agoI am agnostic on if it should be based off of income or profit and leave those sorts of details up to congress.
- yonaguska 6y ago> leave those sorts of details up to congress. Yep, let's leave it to the "experts". Policy "details" tend to have drastic unforeseen consequences, and our congress-critters tend to defer responsibility of those details to lobbyists. We the Constituents\People\Voters have a responsibility to do our own thorough research and not allow Congress to figure out the details. Precision matters and details can make all the difference between a good policy and a destructive policy.
- inter_netuser 6y agoHow can one possibly do this? The amount of regulations/laws produced is so enormous, it is impossible to keep up.
- dnautics 5y agoThe good news is that in my plan, you don't have to care. Unless you are the cfo of a company, or an accountant.
- deleted 6y ago[deleted]
- ykevinator3 6y agoOne of the problems is that net loss is fictional. Companies use well meaning tax credits and deductions to offset income. His point is fair but the specifics need a little tweaking.