How to Increase Corporate Tax Revenue? (user search)
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  How to Increase Corporate Tax Revenue? (search mode)
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Author Topic: How to Increase Corporate Tax Revenue?  (Read 5311 times)
AggregateDemand
Jr. Member
***
Posts: 1,873
United States


« on: March 31, 2015, 10:27:27 AM »

So that we can cut taxes for the little folk?

My semi-ignorant thought of how it is accomplished
Is it:
Unapologetic closing of loopholes
Penalize outsourcing by raising their rates above the already raised rate from closed holes (also creates jobs)
Require corporations with majority profits here to have HQ here

Is that it?

Corporate taxation is paid by the little people. Studies have been conducted since the 50s about who bears the brunt of corporate taxation. The prevailing theory, at the moment, is that employees lack the leverage to pass the tax burden to other parties.
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AggregateDemand
Jr. Member
***
Posts: 1,873
United States


« Reply #1 on: April 03, 2015, 10:16:30 AM »

Corporate taxes should be cut to nil. After all, a corporation is merely a bundle of contracts. Taxes are ultimately borne by the shareholder and consumer. The tax system should reflect that.

I doubt 0% tax rates will ever pass, but at least make dividends tax deductible.
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AggregateDemand
Jr. Member
***
Posts: 1,873
United States


« Reply #2 on: April 04, 2015, 12:17:54 PM »

I would be totally OK with abolishing the corporate tax, in exchange for creating a universal income tax (on the basis of labor and capital income taken together) with highly progressive rates.

The rate you're talking about makes all the difference. Few would disagree with progressive effective rates, but if you want progressive statutory rates, you don't need to reform taxation. Just impose inequitable vindictive taxes against people you don't like. Easier to pass. No false pretense of reform.
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