Quote:
Originally posted by ThunderBalls
You really need to go to school and learn what a corporation is. It is a LEGAL ENTITY, which means it has its own rights and liabilities seperate from its owners. In legal terms it is its own person, so of course a corp should be taxed.
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really asshat? when a corporation breaks the law, who goes to jail?
No one said it wasn't a legal entity. You really need to go back to school and lear reading comprehension.
Quote:
Originally posted by ThunderBalls
From an economic standpoint having a corporate tax encourages businesses to put profits back into the system, whether it be hiring more people, purchasing/leasing equipment, investing, etc. Which in turn creates economic growth.
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No it doesn't, it encourages short sited economic spending. A corp. sitting on a pile of savings can weather many more downturns than a company who spends it every year so it doesn't lose whatever the % of the year is.
Why would a corp. save 1mil a year when say 40% of it is lost at the end of the year to taxes?
That 40% stifles growth. period.
but hey, it makes the rabble feel good about taking money from those evil corporations.
