Admiral Adama said:
The Supreme Court ruled that for the purpose of campaign contributions corporations are 'people' have the right to free speech. If corporations get free speech, because they are people then they can ****ing pay taxes like people too. This country doesn't get to talk out of both sides of its mouth where corporations can both pay to pedal influence in Congress and then say that they aren't really people when it comes time to fund infrastructure they use.
Either way, it's a technocratic problem. OK so corporations are not people. Fine, set the corporate tax rate to zero and tax dividends to shareholders as ordinary income. Net positive benefit to the treasury. Or they are people OK fine, MegaCorp gets to pay the same tax rate as the local florist.
You act like Corporations don't pay taxes at all. That's simply untrue.
Do Mega corporations manipulate the tax code? Absolutely.
A large number of corps do pay taxes, and when you increase corporate taxes, companies start to move to different parts of the world, the biggest difference between the 70s and now
The answer is simplifying the tax code, the root of the problem, so it gets harder for large corps to buy off politicians.
I like the idea of reducing taxes on Corporations and separately treating all income as ordinary income.
And a flat tax. for the same reason.
Simplifying the tax code makes it harder to cheat and manipulate
Earn more, pay more. Don't distinguish between capital gains, dividends and income.