I would like to remove corporate taxation entirely, but offset it (at least partially) by taxing capital gains at the normal income tax rate.
I think we should lower and possibly remove the corporate tax rate. Expenses that companies have to pay is passed down to the consumer.
I think we should lower and possibly remove the corporate tax rate. Expenses that companies have to pay is passed down to the consumer. So removing Corporate tax would help consumers.
while in the meantime spending oodles of money attempting to circumvent sending off a paycheck to the government. money they would otherwise be putting into either price reduction or production.
It doesn't take a genius or some expert to figure out that if companies pass the costs of their labor,raw materials and other costs onto the consumer then taxes would be no different than any other cost those companies pass onto the consumers. It amazes me how a lot of libs in office are college educated but fail to understand this fact when they utter their lets tax the **** out of corporations.
It doesn't take a genius or some expert to figure out that if companies pass the costs of their labor,raw materials and other costs onto the consumer then taxes would be no different than any other cost those companies pass onto the consumers. It amazes me how a lot of libs in office are college educated but fail to understand this fact when they utter their lets tax the **** out of corporations.
What do you think?
This is how our current Corporate Tax Rate of 40% compares to other countries.
......The Most Business Unfriendly Country in the World (D).......
Common sense would say lower the Corporate Tax Rate.......most Democrats on the other hand, say Corporate Tax Rates should be increased.......as raising taxes on Businesses and Evil Rich People is of course the alltime and current universal liberal solution to all ails.
Now the Left will contend that "Corporations dont pay taxes"....."Corporate subsidies"......"Corporate Welfare"......"Corporations need to pay their fair share"......"I believe every word Obama says"...."Shipping Jobs Overseas"......as their justification for raising taxes on corporations.
....and while there are exceptions, GE, and blue moons, if there was more than a shred of truth to the Democrat's portrayal of Corporations in this country........WHY DOES THE MASS EXODUS OF CORPORATIONS W/JOBS continue in this country? Why do so few countries SHIP THEIR JOBS TO THE US?
I say lower the Corporate Tax Rate to 10%, with a 10% flat tax on individuals, and make this country The Most Business and Consumer Friendly Country in the World. Remove the Liberal chains, and begin to welcome Businesses w/Jobs back to this country, and stop chasing MADE IN THE USA businesses out.
The Greatest Country in the World.......Businesses dont leave these shores willingly.......its at the end of a Democrat whip.
.
.
.
.
This strikes me as somewhat naive. Corporations are based around making money, not helping their consumers (although the two are sometimes one in the same).
Other than Kandahar, liberals appear to be staying away from this thread in droves. I wonder why?
I also agree that it should be lowered, but I don't agree that "loopholes" should be closed because many exist as a stop-gap between times when the economy needs stimulating and when it's working as intended. Sometimes, in addition to other scenarios, corporations need to lose a little red ink when they're relied upon to be a structural backbone of domestic economies. Unemployment, subsidies, and outsourcing could all be heavily damaged through universal loophole closing, because many of those loopholes exist to create positive externalities that trickle down.
If this is what it takes for corporations to maximize efficiency, so be it.
What's with the babying of corporations? You realize they have the privilege of doing business in the United States of America. We spend more than anyone else and we don't bat an eye about it. If we want to raise taxes, oh well. If we want to close loopholes so that they have to pay taxes, oh well. They'll deal with it and they'll like it because they still get to do business in the largest consumer market in the world.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?