- Banned
- #181
Whey can't we do that? Remove all corporate income taxes and just tax everyone working in that company the normal individual income tax.
That is a wonderful idea he came up with!
Of course what I really said was we would tax the Corporation's profits with a high bracket income tax rate, pre-dividend, since the corporation is claiming to be a separate person, with all the rights thereof.
Any corporation that engaged in the political process would be taxed at this rate, with no corporate loopholes available.
And any corporation that stays out of the political process, will be allowed to retain their current, near non-existent, loophole-filled, corporate tax rate.