A Novel Idea

Discussion in 'Politics' started by Modbert, Jul 13, 2011.

  1. Modbert
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    Modbert Daydream Believer Supporting Member

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    Here's a novel idea: Lower the corporate tax rate but at the same time limit/lower the amount of exemptions and loopholes available to corporations.

    Otherwise we end up with this:

    From 2004:

    Most US firms paid no income taxes in '90s - The Boston Globe

    And the tune hasn't changed in 2008:

    Study says most corporations pay no U.S. income taxes | Reuters

     
  2. DiamondDave
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    DiamondDave Army Vet

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    You'll get no argument from me if you support lowering the rate, simplifying the system, eliminating loopholes, reducing the size of the IRS as a result, and ensuring equal treatment and not this convoluted mess we have now
     
  3. shintao
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    shintao Take Down ~ Tap Out

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    We are fools to tax corporations at all. It just opens the door to government for them. It is the consumer that pays their tax burden through increased prices on goods & services. It costs us millions (maybe billions) in taxes to investigate, regulate, Administrate, protect, and keep solvent.

    Cut the umbilical cord to corporations and return private enterprise to them.

    The US citizen has a remedy to bad corporate behavior called the justice system. It is foolish to say you are a capitalist and allow government to control business. Simply set them free, and cut your income taxes at the same time.
     
  4. Modbert
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    Modbert Daydream Believer Supporting Member

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    I think there's certainly a lot of improvement that can be made.
     
  5. DiamondDave
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    Yes... tons of improvement by taking away all the 'improvements' the IRS and the bureaucrats have made over the decades
     
  6. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Works for me.

    But how are you going to keep the President from using the veto when so many of his contributors use those exemptions to pay no corporate taxes?
     
  7. uscitizen
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    uscitizen Senior Member

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    Write a novel about it and make lots of money.
    that seems to be the only novel idea politician have had in decades.
     
  8. Modbert
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    Modbert Daydream Believer Supporting Member

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    I would be surprised if it even got out of committee, never mind to the President's desk.
     
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  9. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Finally a sensible post from the left.

    Sigh........

    My work is complete, so I'm going to retire to a 6 pack and some science channel.
     
  10. Baruch Menachem
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    Baruch Menachem '

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    Good plan.

    Lower rates, no stupid payoffs and no stupid uneconomic 'target tax breaks' for good buds of bad guys.
     

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