The vice president is rolling out her first revenue-raising policy proposal as the Democratic presidential nominee, and drawing a contrast with GOP opponent Donald Trump.
Another thing that raising the corporate tax rate does is make it more profitable to re-invest your income into the company. Since they’re only taxed on profits they’ll pay zero taxes if they make zero profit. How do you do that? Expanding your business, spending money on R&D, and paying your employees more.
Edit: Haha, just kidding, they’ll blow it on stock buybacks.
Ideally, yes - but until share buybacks are outlawed - companies will just ‘reinvest’ by buying up shares (increasing their price, and thereby existing shareholder wealth), and issuing them as bonuses to their C-suite in lieu of payment… by-and-large avoiding a lot of the income tax that they would otherwise be due to be paid.
Our current late-stage capitalist corporate system is built upon layers and layers of tax-avoidance and self-enrichment at the cost of society as a whole.
Then put them all in the prisons and enslave them, as is legally allowed per the Constitution. They’ll work with sufficient coercion. Have the CIA seize their overseas assets and repatriate it all, or if it’s in a hostile country, have the CIA exfiltrate or destroy as necessary. Humans will work when enough physical and psychological pain is applied to coerce them. That, too, is human nature. If they attempt to flee, have the CIA find them, put them in unmarked vehicles, and extradite them back to US soil to be put back to work.
I thought I had a problem with taking a point or two and stretching them across a handful of paragraphs. I no longer think I have a problem and indeed have learned a few things to limber up and aim for greater mental gymnastic heights.
You’re not just a fly in history’s wall, to hear you retell it, you can read hearts and minds better’n than most deities too. A graph tells a shaky story but your certainty of the intent of every actor involved is inviolate?
Please don’t write back at me, for the first time in my life, I comprehend the fear of my acquaintanceships and the long rambling.
Republicans love to harken back to “the golden age” of america. Ever wonder what paid for it? A big portion was … corporate tax!
https://taxfoundation.org/data/all/federal/historical-corporate-tax-rates-brackets/
Corporate tax is currently at the lowest point since 1940
https://tradingeconomics.com/united-states/corporate-tax-rate
See this big drop in corporate tax? You thank ol’ trumpy for that
Along with personal income tax - Note this is the top bracket of tax
https://fred.stlouisfed.org/series/IITTRHB
Want your golden age back? Tax these fucking billionaire grifters.
Another thing that raising the corporate tax rate does is make it more profitable to re-invest your income into the company. Since they’re only taxed on profits they’ll pay zero taxes if they make zero profit. How do you do that? Expanding your business, spending money on R&D, and paying your employees more.
Edit: Haha, just kidding, they’ll blow it on stock buybacks.
Ideally, yes - but until share buybacks are outlawed - companies will just ‘reinvest’ by buying up shares (increasing their price, and thereby existing shareholder wealth), and issuing them as bonuses to their C-suite in lieu of payment… by-and-large avoiding a lot of the income tax that they would otherwise be due to be paid.
Our current late-stage capitalist corporate system is built upon layers and layers of tax-avoidance and self-enrichment at the cost of society as a whole.
deleted by creator
this isn’t science, it is story telling
Then put them all in the prisons and enslave them, as is legally allowed per the Constitution. They’ll work with sufficient coercion. Have the CIA seize their overseas assets and repatriate it all, or if it’s in a hostile country, have the CIA exfiltrate or destroy as necessary. Humans will work when enough physical and psychological pain is applied to coerce them. That, too, is human nature. If they attempt to flee, have the CIA find them, put them in unmarked vehicles, and extradite them back to US soil to be put back to work.
Reminded of wtfhappenedin1971.com
The numbers, what do they mean?
deleted by creator
I stated both. I listed both corporate and personal tax. What are you referring to?
edit - do you mean the personal bracket?
deleted by creator
I thought I had a problem with taking a point or two and stretching them across a handful of paragraphs. I no longer think I have a problem and indeed have learned a few things to limber up and aim for greater mental gymnastic heights.
You’re not just a fly in history’s wall, to hear you retell it, you can read hearts and minds better’n than most deities too. A graph tells a shaky story but your certainty of the intent of every actor involved is inviolate?
Please don’t write back at me, for the first time in my life, I comprehend the fear of my acquaintanceships and the long rambling.