Delete comment from: Captain Capitalism
Heh.
Corporations do not pay any tax, either they:
A. Move to another jurisdiction or
B. They pass the tax on to their clients. That is, YOU the consumer.
IF B, they can get wiped out by A.
I'd be willing to set corporate income tax to ZERO ( hence no deductions, corporate welfare, etc... either) simply the economic saving of wiping out all the tax lawyers and tax accountants ( nevermind all the time wasted by normal accountants and finance people on studying different scenarios and alll the tax machinations ) and all the very nighly renumerated people who basically do NOTHING productive but game the system would be worth something.
That's my clincher for a flat % tax on consumption. It's inescapcable , it's intrisically fair, and it doesn't penalize investing, and if you are concerned about low income people you can send them a "sorry we screwed you" checque for Christmas/or every month.
AND you save all the FARGING paper work and tax dodges and government intrusive BS that distorts the economy.
Oct 26, 2008, 9:34:00 PM
Posted to Dumbass Liberals