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My feeling is that corporations shouldn't have a disincentive to make money. Rather all ways of extracting money from corporations should be taxed at a high in
by redwood 13y ago
My feeling is that corporations shouldn't have a disincentive to make money.
Rather all ways of extracting money from corporations should be taxed at a high income tax level (rather than the low dividend and capital gains levels).
- big_lou 13y agoSo corporations should have literally zero disincentive to make money? Is that what you intend to argue? Because that seems to imply that corporations should be completely unfettered in every conceivable way, be it legal, economic, ethical, or otherwise. Am I missing something there?
- InclinedPlane 13y agoYou're erecting a straw-man, stop it.
- dllthomas 13y ago"Disincentive" is not the same thing as "impediment." This isn't to say I necessarily agree with the parent comment, but you seem to be responding to an overly strident reading of something that wasn't quite said.
- mrgoldenbrown 13y agoYes, you are missing that the idea is to tax the money when individuals get it out of the corporation for private use. Right now capital gains and dividends taxes are relatively low.
- dragonwriter 13y ago> My feeling is that corporations shouldn't have a disincentive to make money. Corporate taxes are not a disincentive to make money. They are (since the structure of deductions applying to them makes them a tax on retained profits more than income) a disincentive to retaining profits within the corporation to avoid the taxation the stockholders would pay were the profits distributed (or earned by a business subject to personal rather than corporate taxes in the first place.)