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The top companies (and the wealthiest for that matter) already pay the majority in taxes. This doesn't include the jobs created to support everything (and the t

by jazz9k 8mo ago

The top companies (and the wealthiest for that matter) already pay the majority in taxes. This doesn't include the jobs created to support everything (and the taxes paid from these jobs). We should be allowing businesses to write off research and development. This promotes forward-thinking and almost always adds new jobs during the investment phase and after. More tax money just gets wasted at the top. California is a good example of this. They pay more in taxes than any other state and have almost nothing to show for it but a failing education system, crumbling infrastructure, and high crime. The main issue is that those companies should be require to hire US citizens and not outsourcing, for these jobs. The tariffs Trump had in place were a good start.

hollerith 8mo ago
>We should be allowing businesses to write off research and development. The US tax code does allow business to write off R & D.
- saulpw 8mo ago
  Not anymore for software.
  - hollerith 8mo ago
    That is not accurate: software dev expenses can still be "written off": the write-off just must be spread over a number of years.
epistasis 8mo ago
That's incorrect information, roughly half of US tax revenue is from income taxes, roughly a third is payroll taxes (not sure whether to attribute that to employees or corporations paying), and then corporate taxes and excise taxes are only about a tenth of US tax.
- cyanydeez 8mo ago
  Payroll is mostly the employees money gping to social programs.
  - tonyedgecombe 8mo ago
    I didn’t think payroll taxes were hypothecated in the US?
    - legitronics 8mo ago
      In general, no they aren’t. But there is the social security tax, which is individually tracked and collectively allocated for that office. And the Medicare tax which goes off directly to that program. These two constitute a major component of money going into the system.
    - nickff 8mo ago
      There was a time when that was the intent, but it doesn’t really matter anymore, as there are not enough payroll taxes to cover the programs anymore.
SilverElfin 8mo ago
> The top companies (and the wealthiest for that matter) already pay the majority in taxes. When you hoard far more than just a slim majority, paying a majority isn’t unexpected and it can still be unfair. But I think you are talking about federal personal income tax not corporate tax. > We should be allowing businesses to write off research and development. They already do in various ways. > More tax money just gets wasted at the top. California is a good example of this. I agree California is wasteful. But we can tax and just give the money directly to people. > The main issue is that those companies should be require to hire US citizens and not outsourcing, for these jobs. Not even close to the main issue. Why not just redistribute the gains instead of playing games with these other schemes?
- moomoo11 8mo ago
  Do you live in California? I mean sure it might be wasteful (name one entity private or public that doesn’t suffer from assholes and corruption), but the quality of life here is far better than in Texas or any other state. We have labor rights, environmental protection, hell even the ethical farming practices like how eggs are produced. Life here is objectively better for the people. It’s obviously more expensive. There’s demand for people to live here. Even if some people leave more want to move here or wish they could. Shitting on California is 90% of the time some form of cope for many people. They know they could never make it here so the best they can do is complain about it from whatever **hole they’re in.
  - SilverElfin 8mo ago
    I don’t disagree with what you are saying. But the rise in spending per capita, even if you adjust for inflation or population growth or other factors, doesn’t make sense. I agree the demand drives up certain costs like housing. But those are in the private markets. But I don’t understand is what the state government and local governments are spending all of the money on. And there are certainly some prominent wasteful programs such as the high-speed rail project or various programs for homelessness. I expect there’s more of those kinds of waste. In the end, I think simply giving people money is an effective way to make society better. I’m not against the taxation as much as the low return for the additional spending that has happened in the last few decades.
croes 8mo ago
> The top companies (and the wealthiest for that matter) already pay the majority in taxes. First, not true. Second, even if true it wouldn’t be surprising, if you have most of the wealth you pay most of the tax money. It’s surprising that that’s not even the case. Third, it explains California. Of course the state with the highest GDP has also the highest tax income
- mulmen 8mo ago
  We don’t tax wealth though so wouldn’t we expect the highest income to pay the most tax?

by jazz9k 8mo ago

hollerith 8mo ago

>We should be allowing businesses to write off research and development. The US tax code does allow business to write off R & D.

saulpw 8mo ago
Not anymore for software.
- hollerith 8mo ago
  That is not accurate: software dev expenses can still be "written off": the write-off just must be spread over a number of years.

epistasis 8mo ago

That's incorrect information, roughly half of US tax revenue is from income taxes, roughly a third is payroll taxes (not sure whether to attribute that to employees or corporations paying), and then corporate taxes and excise taxes are only about a tenth of US tax.

cyanydeez 8mo ago
Payroll is mostly the employees money gping to social programs.
- tonyedgecombe 8mo ago
  I didn’t think payroll taxes were hypothecated in the US?
  - legitronics 8mo ago
    In general, no they aren’t. But there is the social security tax, which is individually tracked and collectively allocated for that office. And the Medicare tax which goes off directly to that program. These two constitute a major component of money going into the system.
  - nickff 8mo ago
    There was a time when that was the intent, but it doesn’t really matter anymore, as there are not enough payroll taxes to cover the programs anymore.

SilverElfin 8mo ago

> The top companies (and the wealthiest for that matter) already pay the majority in taxes. When you hoard far more than just a slim majority, paying a majority isn’t unexpected and it can still be unfair. But I think you are talking about federal personal income tax not corporate tax. > We should be allowing businesses to write off research and development. They already do in various ways. > More tax money just gets wasted at the top. California is a good example of this. I agree California is wasteful. But we can tax and just give the money directly to people. > The main issue is that those companies should be require to hire US citizens and not outsourcing, for these jobs. Not even close to the main issue. Why not just redistribute the gains instead of playing games with these other schemes?

moomoo11 8mo ago
Do you live in California? I mean sure it might be wasteful (name one entity private or public that doesn’t suffer from assholes and corruption), but the quality of life here is far better than in Texas or any other state. We have labor rights, environmental protection, hell even the ethical farming practices like how eggs are produced. Life here is objectively better for the people. It’s obviously more expensive. There’s demand for people to live here. Even if some people leave more want to move here or wish they could. Shitting on California is 90% of the time some form of cope for many people. They know they could never make it here so the best they can do is complain about it from whatever **hole they’re in.
- SilverElfin 8mo ago
  I don’t disagree with what you are saying. But the rise in spending per capita, even if you adjust for inflation or population growth or other factors, doesn’t make sense. I agree the demand drives up certain costs like housing. But those are in the private markets. But I don’t understand is what the state government and local governments are spending all of the money on. And there are certainly some prominent wasteful programs such as the high-speed rail project or various programs for homelessness. I expect there’s more of those kinds of waste. In the end, I think simply giving people money is an effective way to make society better. I’m not against the taxation as much as the low return for the additional spending that has happened in the last few decades.

croes 8mo ago

> The top companies (and the wealthiest for that matter) already pay the majority in taxes. First, not true. Second, even if true it wouldn’t be surprising, if you have most of the wealth you pay most of the tax money. It’s surprising that that’s not even the case. Third, it explains California. Of course the state with the highest GDP has also the highest tax income

mulmen 8mo ago
We don’t tax wealth though so wouldn’t we expect the highest income to pay the most tax?