LTCArmyRet
VIP Member
- Jul 15, 2013
- 700
- 67
- 80
corporate tax rates are higher in the U.S., it's the loop hole deductions that cause the effective tax rate to be lower. We need to simplify our tax codes.We have lower than average effective corporate tax ratesso here is a follow up, if the corporation is taxed on it's "earnings", which are passed in part to stock holders, who then are taxed on their capital gains, how is that legal? it is expressly forbidden in the constitution!
How is that any different from worker who's taxed on his earnings , and then taxes again when he buys things , owns a home , owns a car, buys gas, pays tolls, goes out to dinner .....
The difference is that both the corporate tax and the tax on dividends (capital gains) is an income tax at the federal level. If you live in a state that has sales taxes, or property taxes, that's legal as it is a different level of government. We have the highest corporate tax rates in the world, if it's the best solution, why is the rest of the world doing it?
What they end up paying
Do we? Show me the chart that shows "effective corporate tax rates" in the rest of the countries of the world. I've never seen one. Also, the so-called "effective corporate tax" rate is an invention of leftwingers. No one knows how it's calculated. Does it include all the S corporations where all the income is passed on down to the owner so it "effectively" pays no taxes?
![]()