danielpalos
Diamond Member
- Banned
- #741
What is the ratio of employees to corporations on average?Higher paid labor can still generate more tax revenue due to the law of large numbers.
Gibberish.
law of large numbers. n. The rule or theorem that a large number of items chosen at random from a population will, on the average, have the characteristics of the population.
How much income tax revenue is generated by corporations versus labor?
What is the ratio of employees to corporations on average?
Irrelevant.
How much income tax revenue is generated by corporations versus labor?
What is the tax rate on corporate income versus the tax rate on minimum wage workers?
You missed the point of the previous quote.
The corporate income tax is the third-largest source of federal revenue, although substantially smaller than the individual income tax and payroll taxes.
Individual income tax is the largest source of federal revenue. Corporate tax comes in Third. And, the relevant point is that corporate income tax is not tied to expensing labor costs. Some corporations pay no income tax due to factors other than labor costs.
Thus, higher paid labor generates more in Tax Revenue and creates more in demand.