4 ms·

Also, if companies have rights like people do, then they and their shareholders should be taxed like people are.

• icedchai 10mo ago
  You want to tax people twice? Corporations pay taxes on profit. Shareholders pay taxes on dividends and capital gains.
  • malfist 10mo ago
    Sure. Why not? We already get taxed multiple ways. I pay income tax and sales tax
    • icedchai 10mo ago
      Do I get a refund the next year when the stock drops due to an executive scandal?
      • malfist 10mo ago
        No but you can use the loss to offset other gains. Just like you do today. There's nothing new there. Google tax loss harvesting
    • AnthonyMouse 10mo ago
      > We already get taxed multiple ways. I pay income tax and sales tax Shouldn't we also not do that? Suppose you pay a 25% income tax and then a 10% sales tax. You're paying the same amount, almost a third of your income, as you would with a 47% sales tax. Which to begin with misleads people into thinking their rate is lower than it is, and on top of that incurs the significant overhead of needing two independent collection infrastructures. Why isn't it better to just pick one?
      • vel0city 10mo ago
        > Suppose you pay a 25% income tax and then a 10% sales tax. You're paying the same amount, almost a third of your income, as you would with a 47% sales tax. No, I don't, because I don't spend 100% of my income every year on income-tax applicable goods. A good chunk of my income, even that which is taxed with income tax, goes to other things (like my mortgage, other investments, groceries, savings accounts, charitable donations, etc.) that either defer paying sales taxes or have no sales tax applied. Meanwhile other purchases have extra sales taxes applied such a liquor or hospitality taxes.
        • AnthonyMouse 10mo ago
          Obviously the hypothetical is assuming a uniform 10% sales tax, but what's your point? If you had a 20% sales tax on accommodations then incorporating a 25% income tax into it would make it a 60% sales tax. If you wanted to continue omitting the existing sales tax contribution to groceries but apply the income tax portion you could use 33% instead of 47% and so on.
          • vel0city 10mo ago
            My point is some people spend all their money on sales tax applicable things while others don't spend all their income. So those who don't spend all their money get to avoid those taxes on some percentage of their invome, potentially indefinitely. Think for a second. What kind of household spends every penny they make? Which one maybe manages to toss some money into savings every month? Which one doesn't even come close to spending their income? Which household here pays the highest effective tax rate?
            • AnthonyMouse 10mo ago
              Which still doesn't have anything to do with whether it's income or sales tax. If someone has some money they're not intending to spend anytime soon then they put it into a 401k to defer the taxes, or any of a dozen other things that have a similar result.
• jimbokun 10mo ago
  It's unfortunate, but corporations moving to nations with lower corporate rates could reduce overall revenue if the domestic rates are too aggressive. In many ways it's easier to corporations to change nations than citizens.
  • bluecheese452 10mo ago
    Ban corporations that do this from selling in your domestic market.