Trump Is Said to Seek Cutting Corporate Tax Rate to 15 Percent

You seem to imply double taxation
But that seems inaccurate

If you are paid by xyz corp... your income is an expense and not taxed as a corp tax

It seems to me that all taxes seem inappropriate to those who pay the tax
Why should we tax income? Isn't it a good thing for people to work hard and earn as much as they can in return?

Imo a core problem is that different governments wind up competing for employers by lowering tax rates. If we lower our rate to 15%, some other countries will lower their rate to 8%

The thing is, this sort of competition does not stop even at a 0% tax rate
This is illustrated by how cities compete for professional sports teams
They don't just give them lower tax rates... they build them expensive stadiums

Localities try to attract new employers by giving them lots of free stuff... including stuff that costs them money... like roads, fire and police services, etc

Unfortunately this sort of competition happens between cities, counties, states, and now countries.
coporations will become more competitive with zero taxes...or using child labor, ...or unsafe factories... or egregious pollution... or for that matter slave labor

I am not proposing a solution, just pointing out some complexities

 

Commie Donnie is taking the credit for the work accomplished by the Obama Administration.

 

The corporate tax rate should be 0.00%. Corporations don't pay taxes - they only collect them.

 

Actually, as governmental created entities, corporations have a social responsibility to pay for the governmental services that they utilize. In fact, corporations are
not only depended on governmental commons, they are the ones that use them the most.

 

amazon is not a manufactorer. in fact i had an online test for a software dev position, i guess i didnt pass because i have not heard back.

trump is not and has not brought back manufactoring. automation has been replacing people for 40 yrs

 

Ignoring my point entirely. You could set the corporate tax rate at 100% and corporations will still not be the ones paying those taxes.

 

Higher wages don't happen without profits.

 

Can you imagine how much of those tax breaks will be heading to the Cayman Islands?

 

Yes, it is collectivist bullshit, and it's typical of "You didn't build that!" collectivist nitwits to take credit for and demand an unearned portion of other people's success by claiming "the system" enabled you to be successful instead of your own individual creativity, intelligence, hard work, etc.

"The system" - the collective - wouldn't exist if it weren't for the individual. It doesn't subsist on its own, it doesn't determine or enable success and it doesn't reward anyone for anything.

In other words, collectivists have got it ass backwards.

 

These are the words of a plutocratic socialist. And no he/she didn't build it. Next time some plutocratic socialist lies about building it, send them on a one way
flight to Mars with nothing and let's see them BUILD IT. Five seconds later, the liar is dead.

 

Nah, the left wants to take taxes from the people and give them to their special victim groups. The right just wants to lower taxes.

 

So, since the rate being paid, on average by corporations is 17 percent today, this is hardly a big tax break for them. But perhaps the ones that pay zero will finally have to pay taxes? If so, the treasury might actually get more from corporations than they do now.

 

Right now, corporations have loopholes that allow them to either get away from or defer the full 35% tax rate. Trump proposes to remove the loopholes like losses from prior years, tax incentives, depreciation allowances etc. that have the effect of eating up tax revenue to the point where some corporations pay no taxes at all.

 

I for one would love to see the tax system simplified and the rates lowered. We have high nominal rates now, but then there's a lot of deduction chicanery that makes public accountants indespensable to countless businesses and individuals. That's just bad. I think it's an economic drain on the whole.

 

Yeah, stop this collectivist bull ****. Disband this huge collectivist defense dept. today and let the rich hire mercenaries to protect their interests and their cargo ships hauling communist made good back here to sell.

The truth is, and it is the truth, our system is what allows the rich to become rich. It is structured to allow that, and it is collectivism. So, enough of your short sighted, uninformed bull ****.

Right now where I live we have a monopoly and it is like this all across the south. I can get high speed internet service from ONE, count em, ONE provider. I have a dish, but it is illegal to get internet service except from Cableone. SO, they didn't build the internet, but they have a monopoly on it. They use power poles, put up and maintained by our power company, and cable one didn't build this infrastructure!! This is what Obama was talking about(and I hate the guy) but will not be dishonest, lacking integrity, by doing what you did in your post. This **** pisses me off. *******ned liars for partisan reasons. The left does it, the right does it, and it shows the lack of character from both sides.

I owned a small manufacturing company for most of my life. Sure, I got the capital to open this business, but without the banks I would have worked for someone else all of my life. Then I hired great people who did the work for this business with my name on it. They made me my money. So, did I by my lonesome build a successful company? Hell no. I didn't build it, the bank did, my workers did, and the collectivism of financing roads, to get in raw materials and to ship my finished products out, had something to do with the business I did not build by my lonesome. No one ever has. It takes a group effort of many people in a system to do anything. You are not some *******ned island. But it can be your delusion. Free country. Just don't try to push it on me. The nerve of these guys! Well, I guess there are some stupid people who believe what you are selling, which is the sad thing here.

 

You are confused. The right wants to redistribute wealth from middle class and the poor and give it to their special victim group: THE RICH.

 

Yep, like GE as we found out when Obama was president.

I think taxes on corporations, that are located here, and use American workers, should pay zero. Tax the income of their CEOs at a higher rate. If the corporation is located in slave wage areas of the world, tax them, and if they keep income offshore, throw em in prison the way they would do me if I didn't pay taxes. If elites use specially created offshore accounts to hide income, same deal, give em 5 years and big fines.

Why tax business that creates jobs and employs americans? Tax income that citizens earn, whether by work or investment. I would like to see a transactional tax, say less than one percent on all wall street transactions, given the financialization of our economy.

 

Right out of the Democrat Liberal book of propaganda.

 

People build systems that then help people accomplish stuff they couldn't accomplish without the system.

Was that really a difficult concept?

You didn't build the system: it existed before you were born. You benefited from it the day you were born, long before you were able to contribute to it.

Now that you are older and presumably working, you ARE helping to maintain and improve the system with your taxes, votes, etc. You can take credit for that.

But don't pretend you got where you are entirely on your own.

 

Those are the words of an individualist who is calling bullshit on the collectivist clap-trap that you, Barack Obama, Fauxcahontas Warren and other socialists spout in order to take credit for other people's success while overlooking the fact that the taxes derived from what they built pays for everything the government builds.

Like I said, you've got the world ass backwards - you're not fooling anyone but yourself.

 

I want a 'system' too. One I don't have to PAY for.

I built my own business despite the 'system' that seemed the thwart me at every turn and charged me $$$ for the 'privilege' of granting the removal of government roadblocks.

I didn't, I used my own initiative, paid for it with lousy jobs and I had help from my loved ones and friends...The 'system' did all it could to stop me.

 

Replied to my own post....OOPS

 

Ok Mr. Plutocratic Socialist, let's send you to Mars with nothing and see you BUILD IT all by yourself.

 

Government does nothing efficiently. Government has it's role, but it should be very limited. Read my signature.

 

And I want a pet unicorn.

Parts of the system can be inefficient or counterproductive. And like any human system, it can have its biases. But overall, you benefited from the system, starting from the day you were born.

The system educates you, provides a way for you to exchange your labor for goods, protects you and your belongings both physically and legally, provides you with clean air and water, provides infrastructure for the creation and distribution of goods, and on and on and on.