HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
"If there weren't, every individual who could would corporatise themselves for tax minimization purposes."
But also - a lot of investments are made by tax emept entities, like pension funds or university/religious endowments. Why should they increase their wealth tax-free while my income from investment is taxed? Taxing at the corporation level means that some of those gains are taxed for everyone, rather than having all the burden fall on invidual investor/tax-payers.
And corporations depend on public goods just as much as people do. An educated workforce. Public ifnrastructure that is used to deliver goods and services. A legal system that enforces contract and property rights, including things like copyright and other forms of intellectual property. Limited liability for shareholders, which allows them to pass on liabilty when things go wrong. None of these things happen organically, and companies rely on them and benefit from them, so therefore they should pay for them.
Without corporate taxation, foreign companies would be able to sell their products/servcies to domestic consumers and then transfer that income back to their own country and their shareholders. Same for foreign investors in domestic companies - they'd pay taxes on their dividend income in their own country, and no taxes here. That's not the way to grow an economy or fund the things that government provides. If foreigners want to benefit from investing here and doing business here, they should help fund the things that make it possible. The easiest way to do that is by taxing at the corporate level.
There are four big reasons. You can find more by researching.
just finished taxes. total owed between fed and state: $586 OUCH {nm} Apr 15, 07:01
between that and the miniscule extra i got weekly, it was a wash {nm} Apr 15, 07:02
Had to pay for the first time in many many years ($3000)...ouch {nm} Apr 15, 09:01
what's the expression?...moving furniture around? {nm} Apr 15, 09:56
"Rearranging the deck chairs on the Titanic." {nm} Apr 15, 12:58
that sweet $1.50 a week Apr 15, 13:45
I paid less but I had to go to an accountant to figure out where to deduct my work expenses and I moved to a state Apr 15, 13:54
Sounds like Texas, Florida, or Nevada. {nm} Apr 15, 20:02
stars at night... {nm} Apr 15, 20:25
So you were in the 29% break even and not in the majority. Sucks to be you. {nm} Apr 15, 20:01
on average, Jamie Dimon and I are saving a couple billion a year between the two of us. score! {nm} Apr 15, 22:41
44% pay no federal income taxes at all {nm} Apr 16, 07:36
Because they don't earn enough money. Apr 16, 11:03
I get it, I wasn't making any point about "mooching", just that if you don't pay any taxes, you can't get a lower Apr 16, 14:02
How do you feel about the largest corporations in the USA not paying any tax at all? Zip. Zero. Zilch. {nm} Apr 16, 17:17
Wages are based on supply and demand. If there is a line of people that can and want to do what you do, wages Apr 17, 12:09
"only 32% of Americans are saving for retirement in a 401(k)" (and that includes miniscule amounts too) Apr 17, 13:24
Only 21% have no retirement savings. Your sources must be the propaganda rags. Apr 17, 20:39
Not on CEO salaries. corporate taxes are yet another scam to convince people someone else is paying. {nm} Apr 17, 12:10
Nah, there are a bunch of good reasons for corporate taxes, you're just choosing to ignore them. {nm} Apr 17, 17:07
Examples? {nm} Apr 18, 07:02
"If there weren't, every individual who could would corporatise themselves for tax minimization purposes." Apr 18, 09:35
