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If companies paid tax on revenue the US budget would be perfectly fine.
by mrweasel 1y ago
If companies paid tax on revenue the US budget would be perfectly fine.
- rbultje 1y agoLarge companies always find a way to not pay taxes. It's the little guys that end up paying (a lot!) more, to the extend that it cripples and kills them. But transformative innovation happens with the little guys. As a result, this tax change cements monopolies for megacorps. They will be fine and still pay nothing.
- datavirtue 1y agoThe little guy always pays all taxes. Corporate tax is just a way to palatably shift tax burden to the low and middle classes and away from the owner class. It is pure double speak.
- jazzypants 1y agoThen, why do rich people lobby so hard against any attempt to raise their taxes? This is reductive and frankly stupid.
- cyberax 1y agoYeah. Let's bankrupt grocery stores that operate with margins measured in single percents. If that.
- nayuki 1y agoIf companies paid tax on revenue, then there would be a tremendous incentive toward https://en.wikipedia.org/wiki/Vertical_integration https://en.wikipedia.org/wiki/Vertical_integration , because you wouldn't be allowed to deduct the expenses paid to your suppliers.