tag:blogger.com,1999:blog-1497678546248195850.post2051681371878713949..comments2023-08-15T07:15:18.480-07:00Comments on Two Guys Making That Money: The Corporate Tax - The Most Regressive Tax in AmericaUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1497678546248195850.post-79090028299537868762009-12-04T17:20:01.023-08:002009-12-04T17:20:01.023-08:00Corporate tax rates are one thing... the number of...Corporate tax rates are one thing... the number of corporations that actually pay these rates is another. Also, if corporate entities use civil infrastructure like courts, roadways, police, etc. then why should they not pay taxes. In a zero sum game (or close to it) if corporate taxes go down then all non-corporate taxes go up. Anyone want to raise the capital gains rate to 60% ? and you can't tax the bottom 75% of the population more... they're tapped out.<br />- anonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1497678546248195850.post-89435226326502603002008-08-14T09:43:00.000-07:002008-08-14T09:43:00.000-07:00Corporate tax exists for the same reason that inco...Corporate tax exists for the same reason that income tax exists - because it is a practical point at which the government can get the revenue (compared, e.g., to capital gains tax, which relies on SHs to report annually and is hard to police). It is hardly the MOST regressive tax in America though.<BR/><BR/>I would be find w/ eliminating corporate tax if we could find a way to properly implement a wealth tax. My past suggestion has been a yearly withholding of all shares held, but haven't thought out the logistics. <BR/><BR/>Also, the LLC structure gets rid of corporate tax (it is a pass through structure) and most newly formed corporations are LLCs. From what I understand, the only reason that many corporations haven't converted to LLC is b/c the process is too costly. This obviously puts older companies at a disadvantage compared to newly formed LLCs.Kadyhttps://www.blogger.com/profile/15499798447518286266noreply@blogger.comtag:blogger.com,1999:blog-1497678546248195850.post-57038372506759077952008-02-10T21:12:00.000-08:002008-02-10T21:12:00.000-08:00One reason many small business avoid growing too l...One reason many small business avoid growing too large is because of the tremendous cost of doing so when they cease to be considered an S Corporation for tax purposes. Imagine how much more this country could achieve if we took out such dissincentives and instead encourage people and businesses to do better for themselves.Roberthttps://www.blogger.com/profile/04826309601023733396noreply@blogger.comtag:blogger.com,1999:blog-1497678546248195850.post-53792806811974022602008-02-10T20:59:00.000-08:002008-02-10T20:59:00.000-08:00You make a good point, Rob. Corporations aren't j...You make a good point, Rob. Corporations aren't just big companies. They're groups of people doing jobs and creating more jobs for more people. Most corporations started as a small business that grew. Any small business owner should decide that corporate taxes are bad too because it puts a cap on how much their businesses can grow without having to pay taxes twice.le35https://www.blogger.com/profile/03897932629532339487noreply@blogger.com