Against Corporate Income Taxes

If you're gonna tax, tax THIS, not THIS.

There have been some commenters repeating unsourced anubis2814 disinfo. So here are the corporate tax rates in the US:

Federal Corporate Income Tax Rates:
http://www.irs.gov/pub/irs-pdf/i1120.pdf
http://www.taxfoundation.org/taxdata/show/230.html

Wikipedia on Corporate tax in the United States:
http://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States

Category:

Nonprofits & Activism

Tags:

• Corporations
• income
• personal
• taxes
• verizon
• union
• CWA
• jobs
• creation
• economy

[angrywhenroused]

If corporations were self sufficiant, they pay for all the roads to and from their plant, they pay for their own police force, education of people etc. In other words in the future then corporations run countries overtly instead of covertly like they do now they can do what they want. Until then they are just cogs in wheel and can pay their fucking taxes.

[fringeelements]

Well:

1. That sounds like a great idea. I think everything should be done by non-state entities - be they companies, church organizations, non-profits. I have a video on how roads can easily be done without a state.

2. Corporations only earn about 5% profit, the rest goes to paying people for work and capital, and those people pay income taxes. The profit, being reinvested, would create more lines of production, more people paying income taxes.

[AtheistRightWing]

This is not entirelly accurate. If you don't tax profits but tax income severely (or spending via sales taxes) you will have C.E.O.-s working in golden offices, having ten personal assistants, holding their meetings in bahamas, etc. You want to have lower taxes. Period. It really doesn't matter how they are distributed.

[fringeelements]

@AtheistRightWing I'm surprised it took so long for someone to actually make this argument.

Yes, feather-bedding has to be monitored and avoided, and you get into judgement calls as to what constitutes a business expense.

[LibertyDownUnder]

So short, simple and true, yet so far beyond the grasp of most recent university grduates.

Nicely done.

[fringeelements]

State intervention, enforcement, taxation, cash payouts to people, spending on military, schools, roads, et cetera. These are all particular things and you have to deal in the particulars. Close loopholes - so you want to simplify the tax code, and simplifying the tax code = "socialism"? I don't know if that's what you meant, or if you even know what you mean. "Socialism" is a very nebulous concept and when most people say it it's usually inappropriate.

[hein345]

@AtheistRightWing If it is a company with public shares, I do not think most shareholders would be happy with CEOs spending the bulk of THEIR money on luxuries for their employees..

[DystopianUtopia]

@waterhead001

15%

[AtheistRightWing]

@fringeelements which is blatantly inefficient, expensive, and unconstitutional. Also, it's even worse with non-profit companies. seen that southpark crack baby association episode? I just think we could make a better case for liberty just to advocate lower taxes altogether, and a transfer from taxes to user fees. Btw, just discovered your channel, congratulations for the good work you do.

[CMO999]

@imatruthaddict What about the black market for drugs? In some places, it is controlled by gangs and such, but in for example Western Canada the marijuana trade is totally free for all. Anyone can operate independently and produce and sell marijuana. I am not trying to make any particular point other than that you can find examples of lassiez-faire industry embedded within the economy.

[imatruthaddict]

Great explanation...short, easy to understand and to the point!