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How do you pay for schools, police, firefighters in your tax-free world?
by turbinerneiter 5y ago
How do you pay for schools, police, firefighters in your tax-free world?
- Trias11 5y agoMake tax rate 5% to keep ALL capital in local economy. And that better than losing 90% of capital away for good. Significantly reduce or offset personal and capital gain taxes for people who are investing into public projects. There are many more better ways that tax abusive policies that never work.
- turbinerneiter 5y agoWhat? Reinvested money already isn't taxed. Companies pay taxes on profits. If they invest more, they reduce their taxable profit and therefore their taxes. Taxes are not deferring investments, investments are the prime way to pay less taxes. The government wants you to reinvest rather than pay taxes. Off-shore tax havens broke that system. These companies have billions of dollars sitting unproductively in the Bahamas because they neither want to invest not pay taxes.