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Why zero corporate tax is an outlandish idea? Why not tax only individuals? 1) Corporate tax is only about 10% of total budget revenues. 2) Zero corporate tax
by mike_esspe 13y ago
Why zero corporate tax is an outlandish idea? Why not tax only individuals?
1) Corporate tax is only about 10% of total budget revenues.
2) Zero corporate tax promotes business growth.
3) Corporate taxes are ultimately paid by individuals.
- lostlogin 13y agoSteve Jobs had a salary of $1 didn't he? Taxing him on that wouldn't pay for for much.
- mike_esspe 13y agoHe was taxed, when he was selling his stocks.
- lostlogin 13y agoThat's not the same as being taxed on the dollars you get each week though. With Job' scenario, what portion of his wealth hasn't been taxed yet? Sure it will get hit at some point but that's not the point. Most people get taxed every time they get paid. I'm not saying his situation was/is wrong, or that he has done something immoral. I'm just saying it's very different.
- plugger 13y agoWhy is having no tax for individuals outlandish? Why not tax only corporations?
- pyre 13y agoWell, corporations use resources that cannot be pinned to a single individual. The example that comes to mind would be putting out trash for the city to collect[1]. [1] I realize that companies pay separately, or use private collection in many cases. It's just an example of a company using a resource that can be (and in some cases is) paid for by taxes.
- mike_esspe 13y agoProbably there should be a resource tax, not profit tax?
- lostlogin 13y agoHow would this work? 20% every time you buy or something? Or targeted on things that are scarce or a limited (eg higher tax on oil than lettuce)? It seems to me that targeted taxes end up encouraging elaborate workarounds - this is a problem.
- noblethrasher 13y agoYes, and the utility companies are extremely efficient collectors of that kind of tax.
- nknighthb 13y agoHow do you efficiently administer a road tax[1]? How do you measure a company's use of the military defense of a nation? The police protection that makes their locality safe for business in the first place? What about the nearby public park that attracts families who frequently go to a nearby ice cream shop? What about the fact that the local bar attracts people who get into fights on the sidewalk? [1]Gas taxes are obviously not the answer.
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- come2gether 13y agoits interesting that during the senate hearing, one senator asked this exact question to the panel members who were experts in tax law. there reply was that some shareholders are foreigners. so therefore they wouldnt be taxed in the US at all on the earnings from corp