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A 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 ne
by nradov 8mo ago
A 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 8mo agoSavvy executives can also keep their income near 0 by borrowing against their stock holdings.
- nradov 8mo 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.