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If it's more fair to tax profits than revenues, we should be advocating for individuals to be treated in the more fair way, rather than advocating for corporati
by imgabe 5y ago
If it's more fair to tax profits than revenues, we should be advocating for individuals to be treated in the more fair way, rather than advocating for corporations to be treated in the less fair way, don't you think?
Besides, corporations generally have outside sources of funding other than income, while people generally don't. Thus corporations can run at a deficit, sometimes for a long time, while they figure out how to turn a profit. Do you think there's really a societal benefit to drive new businesses into bankruptcy before they get their footing by taxing them while they're losing money?
- anomaly_ 5y agoIndividuals are broadly taxed like companies in most western countries, it just turns out that most individuals don't actually incur many expenses in producing their income.
- deleted 5y ago[deleted]
- mrgordon 5y agoThe vast majority of W-2 workers can't deduct unreimbursed employee expenses. So it’s not even that they don’t incur them, but rather that “employees” aren’t eligible
- 0goel0 5y ago> Besides, corporations generally have outside sources of funding other than income, while people generally don't What do you think credit cards and mortgages are?
- imgabe 5y agoCompletely different from a VC firm giving you $100 million in exchange for some equity with the understanding that they just might lose it all and get nothing back. What do you think a tax deduction for mortgage interest is, if not a way to avoid taxing individuals on part of their revenue?