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It's so frustrating to see this come up again and again and see people refuse to acknowledge the reality of this. Corporations, separate taxable entities, can b
by jasonkolb 14y ago
It's so frustrating to see this come up again and again and see people refuse to acknowledge the reality of this. Corporations, separate taxable entities, can be created on demand, and profit and loss distributed at will across them. Given that, there's very little chance that a large company that knows what it's doing will ever pay any significant taxes.
Argue about loopholes or Republicats all you want, this is fundamentally built into our system and there is NO ONE who wants to take on changing it. I guarantee you Romney and Obama BOTH know how this works and yet they play dumb in tax debates for hours, and no one calls them out on it.
I think getting rid of the corporate tax makes sense because it would at least level the playing field for smaller companies, but pretending that it makes a difference for larger companies just demonstrates how uninformed the electorate is.