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We should all be taxed like corporations - netting up income and expenses etc.
by blitzar 4y ago
We should all be taxed like corporations - netting up income and expenses etc.
- mantas 4y agoTaxes is an expense that covers services provided by the government.
- blitzar 4y agoAre you suggesting that corporations don't pay tax, that governments don't provide services to corporations or something else?
- mantas 4y ago1) corporations consist of people who use services provided by government 2) on top of taxes paid by people who are part of a corporation, corporations pay a lot of other taxes. E.g. taxes on commercial vehicles, commercial real estate and lots of other special taxes depending on jurisdiction.
- rationalist 4y agoMay I suggest a science-fiction novel, The Unincorporated Man?
- blitzar 4y agoI might just give it a go, been struggling for interesting reading material.
- qwytw 4y agoSo disincentive saving to a ridiculous degree? If you managed to spend every single cent you earned you'd pay no taxes. Save or invest anything for the future pay a 80% tax on it (you have to compensate all the lost revenue somehow...). It does sound like a great way to increase consumption and short term GDP growth... Different people have different consumption patterns. Corporations are incentivized to maximize profit (shareholders want a return), individuals are not...
- catlifeonmars 4y agoIn this hypothetical scenario, the enforcement of saving could be offloaded to the government. I mean, people are already particularly bad at it.
- qwytw 4y ago> I mean, people are already particularly bad at it. Some people are. I don't think that applies to the majority of people who can afford to save though. > the enforcement of saving could be offloaded to the government Yes, let's also abolish private property. That sure worked out great...
- blitzar 4y ago401ks / pensions / other government approved savings schemes all over the world already exist - they are normally income or tax deferred. Generally they work well, especially relative to people's normal savings efforts.