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Just watch, the next step is to apply this concept to US Sates. Require a minimum 5% state income tax and if less, have the IRS take the difference.
by paul_f 5y ago
Just watch, the next step is to apply this concept to US Sates. Require a minimum 5% state income tax and if less, have the IRS take the difference.
- thegreatpeter 5y agoThat escalated quickly.
- jimbob45 5y agoThe problem already exists in states though. There is a disproportionate number of companies headquartered in Delaware[0]. That's not really fair when most of the actual business is done in other states but Delaware is currently leading the tax rate race to the bottom within the US 50 states. [0]https://www.mentalfloss.com/article/76951/why-are-so-many-us-companies-incorporated-delaware https://www.mentalfloss.com/article/76951/why-are-so-many-us...
- permo-w 5y agoI love the "have the IRS take the difference", as if the IRS is some corporation that's just gonna stick it in their bank account or pay it to their shareholders