Opinion of the idea of a progressive corporate tax?

[GregTheGreat657]

By this, I mean that small businesses pay less in taxes than big businesses

[TheReckoning]

Obvious freedom idea is obvious.

[RINO Tom]

How progressive?  What is the cutoff for “small business”?  You know there are tiny entities that are corporations, right?

Given the OP’s previous “populist” opinions, I’ll assume whatever he’d support would be absolutely unproductive for the economy and therefore hurt more people than it’d help.

[GregTheGreat657]

How progressive?  What is the cutoff for “small business”?  You know there are tiny entities that are corporations, right?

Given the OP’s previous “populist” opinions, I’ll assume whatever he’d support would be absolutely unproductive for the economy and therefore hurt more people than it’d help.

Businesses with 100 or fewer employees: 10%
Businesses with over 100 employees: 30%

[OSR stands with Israel]

How progressive?  What is the cutoff for “small business”?  You know there are tiny entities that are corporations, right?

Given the OP’s previous “populist” opinions, I’ll assume whatever he’d support would be absolutely unproductive for the economy and therefore hurt more people than it’d help.

Businesses with 100 or fewer employees: 10%
Businesses with over 100 employees: 30%

Wait you would have a number of employees decide what the rate should be rather than Taxable Income if you created a progressive tax structure for corporations . I’m sorry but that doesn’t really make much sense at all .

[CEO Mindset]

no. taxing income or consumption in any form instead of economic rents is evil, end of discussion.

[AGA]

No, that could encourage the break up of companies when it doesn't make economic sense.

[Geoffrey Howe]

How progressive?  What is the cutoff for “small business”?  You know there are tiny entities that are corporations, right?

Given the OP’s previous “populist” opinions, I’ll assume whatever he’d support would be absolutely unproductive for the economy and therefore hurt more people than it’d help.

Businesses with 100 or fewer employees: 10%
Businesses with over 100 employees: 30%

No possible disincentive to employ more...

[President Johnson]

Not a bad idea in theory and I'd be open to having smaller businesses lower tax rates than larger corporations. At least in theory again. However, putting that into pratice is a much different and more difficult question. Especially where you "cut the line". A certain number of employees? Revenue? Overall value? If smaller firms pay a lower tax rates then larger ones will use all kinds of tricks to fall into a lower tax bracket. Especially those that just barely fall into a higher bracket. In the end, I believe this would only cause a bureaucratic mess and bind tons of ressources in companies and tax authorities with little to no positive effects.

Much more important is to close tax loopholes and make sure multinational corporations pay their fair share in taxes in countries they do business in.

[Santander]

If anything, corporate taxes should be regressive, like all taxes.

[Antonio the Sixth]

Unusual take for a leftist, but the corporate tax is unnecessary and inefficient. Just have a highly progressive income tax that counts capital gains as income.

[parochial boy]

Unusual take for a leftist, but the corporate tax is unnecessary and inefficient. Just have a highly progressive income tax that counts capital gains as income.

I've seen that take quite a bit -  but corporate profits *theoretically* serve to inflate share price and therefore capital wealth; and, capital gains are only taxed when they are realised; and wealth inequalities are both worse (and always have been) than income inequalities - and actively decrease consumption - and second hand financial asset inflation discourages new investment. In that respect I think it is important to tax wealth before it is realised and corporate taxation is a route to that.

(yes that's a lot of ands)

Also, corporations are entities independent of their owners - and as long as they don't disburse all of their income in dividends (already taxed at a lower rate to reflect coporation tax in most jurisdictions) as soon as it is earned, I think it is fair to treat them as such as far as tax is concerned.

[Antonio the Sixth]

Unusual take for a leftist, but the corporate tax is unnecessary and inefficient. Just have a highly progressive income tax that counts capital gains as income.

I've seen that take quite a bit -  but corporate profits *theoretically* serve to inflate share price and therefore capital wealth; and, capital gains are only taxed when they are realised; and wealth inequalities are both worse (and always have been) than income inequalities - and actively decrease consumption - and second hand financial asset inflation discourages new investment. In that respect I think it is important to tax wealth before it is realised and corporate taxation is a route to that.

(yes that's a lot of ands)

Also, corporations are entities independent of their owners - and as long as they don't disburse all of their income in dividends (already taxed at a lower rate to reflect coporation tax in most jurisdictions) as soon as it is earned, I think it is fair to treat them as such as far as tax is concerned.

That's fair, and I should have mentioned that I'm also in support of a tax on excess wealth of course. That said, I still think that taxes should be levied on individuals rather than corporations. I don't think there really is a need to tax corporate profits that aren't disbursed as dividends and don't contribute to inflating the wealth of the super-rich. What that means in practice is that those profits get reinvested (which isn't really even "surplus value" as such - even employee-owned corporations will set aside some of their earnings for investment) which ultimately means they will go into 3 things: providing value for consumers, increasing wages, and of course increasing future gains for shareholders (which will be taxed as capital gains). So in the end, I do think that the combination of an income and wealth tax take care of everything.