End corporate income taxes
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So why isn’t this done?
Because it’s against the interests of the Political Class.
Think about the typical political demagogue. Early in his speech, he promises to end “tax breaks” to corporations. Then, later in the speech, without any sense of irony, he says there should be “tax incentives” to encourage companies to do certain things.
Of course, the tax incentives he says he wants to create are exactly the same as the kind of tax breaks he says he wants to end, but the demagogue doesn’t want you to connect the dots.
So what he’s really saying is that he wants to end tax breaks to some corporations he doesn’t like (probably the ones that have received bad press) while extending tax breaks to other corporations who will do what he wants.
Politicians couldn’t care less how much revenue the corporate income tax generates. The revenue isn’t the point. The point is the complicated laws, breaks, and loopholes that the politicians can manipulate to enhance their own power and importance.
Your interest lies in the opposite direction. You should fight to ABOLISH THE CORPORATE INCOME TAX, FOR YOUR OWN BENEFIT. The side benefit is that you’ll make the Political Class weaker!
Doing this will also reduce corporate influence in Congress, by removing a major incentive for lobbying. Tell Congress that you want corporate taxes abolished completely!
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Corporations don’t “pay” taxes; only real people do.
Corporations are a legal fiction that is the logical summation of the Owners, the Employees, the Customers, and Suppliers.
Note that the Owners, may in fact be other corporations like Pension Funds which guard the hopes and dreams of Pensioners.
So, when you tax “corporations”, you really are taxing all these people.
And, you are distorting the free market. Making some choices more expensive than they have to be.
Let’s make the corporate tax rate ZERO.