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Just a naive reply, but seeing you are taxed on profits, wouldn't a way to be taxed less be to pay your employees more, invest more in R&D, pay off debt or just
by ratsforhorses 6y ago
Just a naive reply, but seeing you are taxed on profits, wouldn't a way to be taxed less be to pay your employees more, invest more in R&D, pay off debt or just plain accrue assets such as real estate or even other businesses for future growth or do these somehow not count? I mean ultimately you are growing the value of the business which should show up in the share price, and you could cash out when the Republicans return to power and deflate the tax rate "again"
On an added note, in these times of looming climate crisis, a carbon tax or something associated with companies using/polluting "free" resources (air/water/petroleum products) seems like a good idea
- jokethrowaway 6y agoAmazon did that for quite some time
- ksec 6y agoYes, except certain group still advocating they should pay their tax. Unless they want to change the tax code to tax revenue, none of it make sense.
- psds2 6y agoBut paying off debt doesn't reduce your taxable income and why would the government care if you avoid a corporate taxes by giving money to an individual who pays 32% tax on it.