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>You have to tax the income at the source, at the point of sale. It’s why most of the EU shifted to VAT’s decades ago. The USA already has sales tax at the sta
by weberer 3y ago
>You have to tax the income at the source, at the point of sale. It’s why most of the EU shifted to VAT’s decades ago.
The USA already has sales tax at the state and local level. Corporate tax is a separate tax on profits.
- ukd1 3y agoIt's generally a lot less than VAT equivalents though.
- caminante 3y agoCan you help the grandparent and link some analysis? I'm not finding anything to support this claim. VAT absolutely performs worse in many environments [0]. [0] https://en.m.wikipedia.org/wiki/Value-added_tax#VAT-free_countries_and_territories https://en.m.wikipedia.org/wiki/Value-added_tax#VAT-free_cou...
- hellojesus 3y agoIt's all double taxed though,and so it is terrible. Not only does the Corp have to pay on profits, but any way in which those profits are distributed are then once again taxed. It is a fool's system. Corrupt to the core by gov welfare queens.