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Yes, it does mean tax money. Stop corporate welfare and bump the corporate tax rate back to a reasonable value.
by devin 7mo ago
Yes, it does mean tax money. Stop corporate welfare and bump the corporate tax rate back to a reasonable value.
- nradov 7mo agoA better option would be to eliminate corporate income tax entirely, and raise taxes on the highest income employees and investors to make the change revenue neutral. Corporations waste a lot of resources on financial engineering to minimize tax liability, and that's a pure deadweight loss for the economy as a whole.
- Tempest1981 7mo agoSavvy executives can also keep their income near 0 by borrowing against their stock holdings.
- nradov 7mo agoSo what. They pay interest on that loan, and those interest payments eventually flow to the employees and investors of the lender. Who can be taxed.