Quote:
Originally posted by baddog
primarily because of corporations that pay less taxes via deductions and loopholes than they would pay if there was a flat 10% tax.
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the idea that a corporation should pay taxes at all is what keeps the economy from REALLY expanding.
politicians come to the stupid and say"those bad corporations need to be taxed"
a corporation is a vehicle for doing business, not a person lining their pockets.
When a person profits from a corporation, there is a tax event. A corporation bringing in money is just an action of business, not a profit event. its not profit until a person puts it in their pocket. The government already taxes that but because of a stupid electorate, we tax money brought into the corp wether its profit or not.
that's wrong and it stifles the economy.