I challenge my opponent, whomever that may be, to argue the following resolution........ 1. The US should lower the corporate tax 5%. 2. The US should install a corporate windfall tax. 3. For every 5% of corporate growth, the US federal government will levy 1% in taxes. 4. For every 5% in corporate growth loss, a 1% rate will be deducted from the companies corporate levy. 5. Rates will hit a ceiling at 50%. 6. Rates will hit a floor at 25%. Key definitions ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Definition of 'Corporate Tax' A levy placed on the profit of a firm, with different rates used for different levels of profits. Corporate taxes are taxes against profits earned by businesses during a given taxable period; they are generally applied to companies' operating earnings, after expenses such as COGS, SG&A and depreciation have been deducted from revenues. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Definition of 'Windfall Tax' A tax levied by governments against certain industries when economic conditions allow those industries to experience above-average profits. Windfall taxes are primarily levied on the companies in the targeted industry that have benefited the most from the economic windfall, most often commodity-based businesses. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Definition of 'Levy' The legal seizure of property to satisfy a debt. In the U.S., the Internal Revenue Service (IRS) has the authority to levy an individual's property, such as a car, boat, house or property belonging to the individual that is held by someone else, including wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, commissions or the cash loan value of a life insurance policy. A levy differs from a lien because a levy takes the property to satisfy the tax debt, whereas a lien is a claim used as security for the tax debt. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- *Definitions provided by investopedia* I will review people who are willing to take me up on this. The debate will be divided into three rounds. The moderator will announce each persons turn, and any post beofre the announcent will be omitted. I will explain more to people after positions are filled. Sign ups are below..... Pro [1] Csareo Con [1] Judges (You are expected to write a three paragraph explanation of your vote) [1] [2] [3] [4] Moderator {Your job is to omit people not participating, announcing each sides turn, and keeping the debate structured) [1]
