4 ms·

The only reason we have a "corporate tax" is because it sounds nice to voters who have no clue what's actually going on. And the average journalist is just as c

The only reason we have a "corporate tax" is because it sounds nice to voters who have no clue what's actually going on. And the average journalist is just as clueless but easily twice as malicious. If you "cut taxes on corporations" you are a bad guy. If you raise them, you are Robin Hood, taking from the rich and giving to the poor. This is literally the level of analysis that democracies operate at. Meanwhile, tax attorneys are getting rich off of helping megacorps evade taxes that the average business has to pay. For the benefit of other readers: the corporate tax is pointless because in the long run, all corporate profits go to capital gains. So you can just raise the capital gains tax and get rid of the corporate tax. This is why the personal income tax is higher than the capital gains tax, because corporate profit has already been taxed while corporate expenses have not. Just equalize the capital gains tax and income tax and get rid of the corporate tax and you basically have the same revenue and way less bullshit.

Supermancho 6y ago
> the corporate tax is pointless because in the long run, all corporate profits go to capital gains. No, they do not. Rather than belabor the point, which you repeat over and over, just do a little more cursory research. https://www.accounting-degree.org/accounting-tricks/ https://www.accounting-degree.org/accounting-tricks/ https://www.brookings.edu/blog/up-front/2017/11/30/the-next-tax-shelter-for-wealthy-americans-c-corporations/ https://www.brookings.edu/blog/up-front/2017/11/30/the-next-... https://www.cbpp.org/research/federal-tax/substantial-income-of-wealthy-households-escapes-annual-taxation-or-enjoys https://www.cbpp.org/research/federal-tax/substantial-income... If you have the assets, you can do it too. Trump takes advantage of it, for all the good it does him.
- throwaway8581 6y ago
  Individual tax evasion exists either way. Repeat over and over?
  - Supermancho 5y ago
    Enough individuals set the trend. The trend is not for a corporation to pay all the taxes it can.

Supermancho 6y ago

> the corporate tax is pointless because in the long run, all corporate profits go to capital gains. No, they do not. Rather than belabor the point, which you repeat over and over, just do a little more cursory research. https://www.accounting-degree.org/accounting-tricks/ https://www.accounting-degree.org/accounting-tricks/ https://www.brookings.edu/blog/up-front/2017/11/30/the-next-tax-shelter-for-wealthy-americans-c-corporations/ https://www.brookings.edu/blog/up-front/2017/11/30/the-next-... https://www.cbpp.org/research/federal-tax/substantial-income-of-wealthy-households-escapes-annual-taxation-or-enjoys https://www.cbpp.org/research/federal-tax/substantial-income... If you have the assets, you can do it too. Trump takes advantage of it, for all the good it does him.

throwaway8581 6y ago
Individual tax evasion exists either way. Repeat over and over?
- Supermancho 5y ago
  Enough individuals set the trend. The trend is not for a corporation to pay all the taxes it can.