Should we make the corporate tax rate 0%?

[RandomVariable]

I'm fine with that. Off course corporations would have to demonstrate that they receive no benefits from the country they operate in; police, fire, 'freedom isn't free', etc, etc. Does that mean the corporations pay for their employee's kid's school? Pay for employee's use of the highway to and from work. wait... Maybe corporations not paying taxes is just a stupid idea. I have a better idea. Since corporations are people why don't we tax them at 35% like most of the rest of us.

first the things you listed are paid with state and local taxes, not federal

second, the "corporations are people" bullshit just proves your ignorance. Corporations are declared legal "persons" in order to protect employees and shareholders from personal liability for the acts of the corporation.

Ignorance abounds in the liberal mind.

Three similar responses in the same number of minutes. I am disappointed. I was expecting more. Since Redfish actually made two points I will reply to his.

First of all I did indeed realize that what I listed were state funded services. I admit I was too lazy to find federal specific services. The principle still applies. Corporations also pay state taxes. The suggestion is that corporations do not pay any state taxes either I presume. The comment from one of the other replies that other taxes should pick up all the costs for services that corporations also use is exactly the kind of thinking corporations believe and get passed into the tax code. Also as jasonnfree added oversees military support is a federal service. There are relatively few instance of "national interests" that do not refer to a corporate security service. I am also assuming that some certain industry will be picking up the entire bill for the Iraq invasion. The claim that corporations should not pay taxes is absurd. And the argument about product price is bogus. Businesses will sell as much as they can for as high a price as they can no matter what the other factors are. That what profit margin is all about. That corporations are capitalist is corporate propaganda.

That brings me to your second point, how businesses are "persons" for a reason. BS. Businesses are "persons" solely so they can get out of as much responsibility as conceivably possible. There could have been a specific set of parameters for a business to work within but somehow, hhmmm, they got "persons" status. Sometime about a Supreme Court ruling. As I said in another post the Congressional Democrats are the only chance this country has.

 

[Mac1958]

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A 0% corporate tax rate would unleash a flood of foreign and repatriated capital, the likes of which we've never seen.

We don't want that, though, because it would be good for American business, and American business is evil 'n greedy 'n stuff.

.

 

[RandomVariable]

Don't forget the taxpayer provided military that ensures american corporations can operate in areas of the world that would be otherwise unsafe for them such as the middle east. Pure corporate socialism. Start billing corporations per hour for military services.

Asshole businesses are already making John Q public pay there expenses and now you want them to pay more...This is the reason no one who has not had a business should be allowed to hold public office----Zero understanding of how business works, Christ.

I have zero understanding of what you're talking about.

That makes two of us. You got blasted harder than I did.

 

[racewright]

Don't forget the taxpayer provided military that ensures american corporations can operate in areas of the world that would be otherwise unsafe for them such as the middle east. Pure corporate socialism. Start billing corporations per hour for military services.

Asshole businesses are already making John Q public pay there expenses and now you want them to pay more...This is the reason no one who has not had a business should be allowed to hold public office----Zero understanding of how business works, Christ.

I have zero understanding of what you're talking about.

Come on as I said if you do not understand this you should not vote.

Simply put
1.a business decides it wants to make and sell widgets.
2 it must find out what materials it needs
3. it then figures what fixed overhead is (Rent,Lights,Phones,loans ETC.)
4 employee expenses--Wages, social security matching, unemployment insurance, state tax, federal tax, workers compensation insurance, liability insurance, rental insurance ,auto insurance. Osha expense, regulation expenses, fines.

You see everything that a business has to spend to get its product to John Q Public is an expense. And taxes are a business expense understand this yet.

 

[HelenaHandbag]

I'm fine with that. Off course corporations would have to demonstrate that they receive no benefits from the country they operate in; police, fire, 'freedom isn't free', etc, etc. Does that mean the corporations pay for their employee's kid's school? Pay for employee's use of the highway to and from work. wait... Maybe corporations not paying taxes is just a stupid idea. I have a better idea. Since corporations are people why don't we tax them at 35% like most of the rest of us.

first the things you listed are paid with state and local taxes, not federal

second, the "corporations are people" bullshit just proves your ignorance. Corporations are declared legal "persons" in order to protect employees and shareholders from personal liability for the acts of the corporation.

Ignorance abounds in the liberal mind.

Three similar responses in the same number of minutes. I am disappointed. I was expecting more. Since Redfish actually made two points I will reply to his.

First of all I did indeed realize that what I listed were state funded services. I admit I was too lazy to find federal specific services. The principle still applies.

Your laziness is nobody's problem but your own. Condescending comments about how disappointed in others you are because of your laziness don't help your case.

Corporations also pay state taxes. The suggestion is that corporations do not pay any state taxes either I presume. The comment from one of the other replies that other taxes should pick up all the costs for services that corporations also use is exactly the kind of thinking corporations believe and get passed into the tax code.

And the people who work within those corporations pay the state income and local property taxes, along with the numerous other taxes/fees that support the state and local services. So, your point isn't as valid as you had thought.

Also as jasonnfree added oversees military support is a federal service. There are relatively few instance of "national interests" that do not refer to a corporate security service.

Yet he failed to cite a single company that benefits from said military support and how.

Care to take a crack at it?

The claim that corporations should not pay taxes is absurd. And the argument about product price is bogus. Businesses will sell as much as they can for as high a price as they can no matter what the other factors are. That what profit margin is all about.

That's as economically ignorant as can be.

If nobody paid a tax, then all it would take is a few businesses to offer a more competitive pricing of their products to create an overall downward pressure on prices.

That corporations are capitalist is corporate propaganda.

Astonishing that it took until your final sentence to say something that was an actual fact.

 

[jasonnfree]

Asshole businesses are already making John Q public pay there expenses and now you want them to pay more...This is the reason no one who has not had a business should be allowed to hold public office----Zero understanding of how business works, Christ.

I have zero understanding of what you're talking about.

Come on as I said if you do not understand this you should not vote.

Simply put
1.a business decides it wants to make and sell widgets.
2 it must find out what materials it needs
3. it then figures what fixed overhead is (Rent,Lights,Phones,loans ETC.)
4 employee expenses--Wages, social security matching, unemployment insurance, state tax, federal tax, workers compensation insurance, liability insurance, rental insurance ,auto insurance. Osha expense, regulation expenses, fines.

You see everything that a business has to spend to get its product to John Q Public is an expense. And taxes are a business expense understand this yet.

You wrote "asshole businesses are already making john q public......??????Are the businesses the assholes or am I? It's too confusing reading a post where the poster can't punctuate or otherwise write legibly. My post was about corporations operating internationally which you are incapable of responding to it seems. Like Barbara Bush told Al Franken once...."I'm through with you"

 

[jasonnfree]

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A 0% corporate tax rate would unleash a flood of foreign and repatriated capital, the likes of which we've never seen.

We don't want that, though, because it would be good for American business, and American business is evil 'n greedy 'n stuff.

.

Why can't they unleash the capital now?

 

[Mac1958]

.

A 0% corporate tax rate would unleash a flood of foreign and repatriated capital, the likes of which we've never seen.

We don't want that, though, because it would be good for American business, and American business is evil 'n greedy 'n stuff.

.

Why can't they unleash the capital now?

Because America's corporate tax rate is not competitive with that of other countries. There is no financial motivation to deploy capital here in a globally competitive economic environment.

One problem that would remain, however, is the current administration's attitude toward corporations.

.

 

[kiwiman127]

Should we make the corporate tax rate 0%?
Corporations are "people" per the Supreme Court and they make money. "People" who earn money in the US pay taxes, why should they be exempt? They already have many, many more tax loopholes than the people they employ, why give them a complete free pass? Crips, many pay almost zero in taxes anyway.
I can't believe people who cried and moaned about the 47% would increase that number.

 

[TakeAStepBack]

Since it is theft, all taxation shoul dbe reduced to zero. if the government wants revenue, it should ask for donations, or stop trying to "accomplish" its goals and leave it to the market to handle. There is no service provided by government that couldn't be provided in a competitive environment.

 

[boilermaker55]

Mitt Romney says ‘corporations are people’ at Iowa State Fair

 

[g5000]

This shall be paid for eliminating useless leftist government programs.

The good things from this?

Many MANY Jobs will be created in America, since companies will return to their homeland.

A good topic, but please define "useless leftist government programs".

 

[Delta4Embassy]

This shall be paid for eliminating useless leftist government programs.

The good things from this?

Many MANY Jobs will be created in America, since companies will return to their homeland.

Corporations already run everything including the government. You want them to become more powerful?

 

[g5000]

We should push thru the Fair Tax Act. If we were to fund the federal gov't strictly by a consumption tax, our economy would recover and bloom into the most robust in the world.

I have become more and more in favor of the Fair Tax over time.

My chief concern regarding the Fair Tax is that it will be corrupted exactly the way our income tax code has been corrupted with $1.2 trillion of annual tax expenditures.

If a Congressman can put a tax exemption/carve-out/boondoggle into the Fair Tax code, then the Fair Tax will be as doomed as the current tax scheme.

 

[emilynghiem]

This shall be paid for eliminating useless leftist government programs.

The good things from this?

Many MANY Jobs will be created in America, since companies will return to their homeland.

I'd be in favor of that. But I'd also want to see some fundamental changes made to corporate law - particularly in the area of 'limited liability'.

When entities apply to operate under each state, either as a business, nonprofit, religious organization or even political group, that's where I would require these entities to be under the same checks and balances that protects due process of individuals from collective govt infringement or abuses. The issue is "collective" authority influence and resources.

Because the govt has more power than any individual, that is also what makes any collective group prone to abuses. So the same checks and balances should be followed for ANY collective organization, starting at the point of registering under the state to operate.

If all citizens and corporations must respect equal protections of security and due process for others, we could agree what the rules are and how to redress grievances, instead of falling victim to bullying and then playing political or legal games to get away with abuses.

This is another way to stop the abuse of corporate personhood to violate rights and due process of individuals because they are private and can bypass restriction on government.

They could still be protected without leaving loopholes where this protection is abused to avoid responsibility for wrongdoing where the victims, society or taxpayers never get paid back for damages done by collective entities they can't hold accountable or which disband and leave them to settle with creditors. If people deliberately abuse corporate structures to commit crimes or corruption, they should still be held responsible for paying back any debts or damages.

I've seen too many people abuse this, even nonprofits, where the people who did the wrongs get away with it, and there is no way to correct or collect on it because they declare the organization bankrupt or disbanded. But the people who ran off with the money spent it and should be held liable for fraud individually for the amount they stole and spent.

 

[TakeAStepBack]

We should push thru the Fair Tax Act. If we were to fund the federal gov't strictly by a consumption tax, our economy would recover and bloom into the most robust in the world.

I have become more and more in favor of the Fair Tax over time.

My chief concern regarding the Fair Tax is that it will be corrupted exactly the way our income tax code has been corrupted with $1.2 trillion of annual tax expenditures.

If a Congressman can put a tax exemption/carve-out/boondoggle into the Fair Tax code, then the Fair Tax will be as doomed as the current tax scheme.

A fair Tax Act. Why not just call it "fair theft".

Any taxing system will be corrupted no matter what. You can not take an act like theft and make it anything else.

 

[william the wie]

Y'all are forgetting how idiotically socialist most of the rest of the world is. Being blamed for popping the EU and BRICS bubbles is really bad foreign policy. Yeah those idiots put themselves in a no exit situation but the US blowback from them blowing up their own economies is the right time to slash corporate income tax as a "stimulus" package. So, I disagree strongly on the timing of this measure.

 

[racewright]

i have zero understanding of what you're talking about.

come on as i said if you do not understand this you should not vote.

Simply put
1.a business decides it wants to make and sell widgets.
2 it must find out what materials it needs
3. It then figures what fixed overhead is (rent,lights,phones,loans etc.)
4 employee expenses--wages, social security matching, unemployment insurance, state tax, federal tax, workers compensation insurance, liability insurance, rental insurance ,auto insurance. Osha expense, regulation expenses, fines.

You see everything that a business has to spend to get its product to john q public is an expense. And taxes are a business expense understand this yet.

you wrote "asshole businesses are already making john q public......??????are the businesses the assholes or am i? It's too confusing reading a post where the poster can't punctuate or otherwise write legibly. My post was about corporations operating internationally which you are incapable of responding to it seems. Like barbara bush told al franken once...."i'm through with you"

you

 

[RandomVariable]

first the things you listed are paid with state and local taxes, not federal

second, the "corporations are people" bullshit just proves your ignorance. Corporations are declared legal "persons" in order to protect employees and shareholders from personal liability for the acts of the corporation.

Ignorance abounds in the liberal mind.

Three similar responses in the same number of minutes. I am disappointed. I was expecting more. Since Redfish actually made two points I will reply to his.

First of all I did indeed realize that what I listed were state funded services. I admit I was too lazy to find federal specific services. The principle still applies.

Your laziness is nobody's problem but your own. Condescending comments about how disappointed in others you are because of your laziness don't help your case.


And the people who work within those corporations pay the state income and local property taxes, along with the numerous other taxes/fees that support the state and local services. So, your point isn't as valid as you had thought.


Yet he failed to cite a single company that benefits from said military support and how.

Care to take a crack at it?

The claim that corporations should not pay taxes is absurd. And the argument about product price is bogus. Businesses will sell as much as they can for as high a price as they can no matter what the other factors are. That what profit margin is all about.

That's as economically ignorant as can be.

If nobody paid a tax, then all it would take is a few businesses to offer a more competitive pricing of their products to create an overall downward pressure on prices.

That corporations are capitalist is corporate propaganda.

Astonishing that it took until your final sentence to say something that was an actual fact.

I was going to just going to let this one pass but the fourth part of your reply warrants the effort. As you say, my laziness in nobody's problem but my own, which is not exactly true. And while I am expending all this effort I might as well address all your points. First one is done well enough for me. For your second point I will present this one little item for you to ponder and get back to me when you figure it out. Why do corporations sometimes pay their executives mileage? On the third point I see you managed to drop off my little comment about Iraq.

Now to your forth point. I have to make a couple assumptions here. You said, "If nobody paid a tax,..." I am making the assumption that you mean no corporations pay any tax. If you taking TakeAStepBack's position then we have a whole other discussion here. I am also assuming that we are not rewriting major sections of the tax code or changing significant federal expenditures. If so then that again is a whole different conversation. If one eliminates the revenue from corporate tax it has to be made up somewhere. Unless you have some magi formula one way or another some of that burden is going to fall upon middle-income individuals. Now you suggest that the corporation can lower the price on its product. I suggest that a corporation will sell as many items as it can for the maximum price it can. Let's say that the product is a new car and the consumer is the middle-income individual. Then having moved the tax burden onto the middle-income individual the price will indeed have to come down. The amount of discretionary income the middle-income individual has will probably go down so that less cars will be sold overall. So now we have our new equilibrium. The corporation is selling less cars for less money. Little Timmy is out in the street looking to sell some crack because his mother's car broke down while trying to find work because her unemployment insurance benefits ran out since she was laid off and there are no jobs because the auto factory can't sell any cars and Timmy needs the money to pay for the surgery after the heart attack and the ACA was repelled by a Congressman worth $27 million. On your final point I have no idea why you are agreeing with me. It could only mean you misunderstood what I said.

While we are discussing all this corporation stuff I would like to explain something about business entities. A business is not necessarily a corporation, it might be an LLC., a partnership, or a sole proprietorship. Corporations can also have a C or S designation. (That is not correctly phrased I am sure.) Corporations can also be public or private. Not quite the pure capitalist market now is it?

 

[RandomVariable]

Since it is theft, all taxation shoul dbe reduced to zero. if the government wants revenue, it should ask for donations, or stop trying to "accomplish" its goals and leave it to the market to handle. There is no service provided by government that couldn't be provided in a competitive environment.

Legal system?