FAIREST TAX SOLUTION - elimate all income tax, only tax corporations

[grahamhgreen]

This will reduce the burden on tax collection (they will only have to look at a few hundred thousand returns), and on the people.

The right wing has been pushing for years that "you can't tax corporations" because "they pass the burdenn to the consumers", therefore the reverse must be true.

Huckabee is a proponent of the fair tax - it will shift the tax burden to the poor and middle class and ease the tax burden on the ruling elite.

[mslawstudent]

1. I disagree entirely

Taxes on corporations should be low for active investments and working capital. Corporations do alot of good things and do create very good paying jobs. Regulation and control can work.

Most of europe has very low corporate rates for just that reason.

[sendero]

22. I disagree..

... for an entirely different reason.

Since all taxes on corps are passed on to the consumer to the extent possible, this is nothing but a back-door consumption tax.

And a pure consumption tax is regressive.

[grahamhgreen]

24. But this plan would give people more capital to invest.

[grahamhgreen]

26. But what Dem couldn't win with this platform?

[slackmaster]

2. Jeez, are the unintended consequences of such a move that hard to envision?

:eyes:

[KitchenWitch]

3. I do not have an educated opinion on this

Mind if I just hang out and learn?

:popcorn:

Are you saying we should vote for Huckabee?

[wtmusic]

4. If they returned the corporate income tax rate to what it was in the 1970s

it would be a big step (more than double what it is now).

[Cyrano]

5. Your second point is THE point.

If only corporations are taxed, do you really believe they won't pass on those taxes to us, the consumers?

If there's one thing I've absorbed over the years, it's that the world is made up of fuckors and fuckees. And we, the middle class and the poor are the fuckees.

I hate it, but I have no idea how to change it. Even revolutions don't work as the leaders of the revolution become the new fuckors.

[shraby]

6. My question is...don't they already pass all

their tax liabilities on to the consumer in the price they charge for their goods/services?? What would be new?

[Cyrano]

7. Nothing would be new. It would just be the same old crap.

[GOTV]

9. Business don't always pass expense increases to consumers just like they don't pass expense decrease

Business charge what maximizes profit and it's not necessarily their cost times some multiplier.

For example, if you raise their taxes but their product sits on shelves next to competing products from foreign companies who did not have their taxes raised, then raising their prices might mean their profit falls to zero becasue people buy the foreign product.

[Cyrano]

15. I'm not talking about items like Chia Pets. I'm talking about

necessities like food, gas, electricity, water, insurance, etc.

[kestrel91316]

13. Then let those who CONSUME pay the taxes. Those of us who are trying

to leave the uber-consumer culture behind will pay less, and the people who have to buy every goddam new toy that comes along can pay more.

Works for me.......

[Redstone]

20. That works for me, too. Except I'd like to keep an exemption for those items that are

used to make a living...when I buy a color printer for my business, I'm not able to get by with a $99.00 unit; I need a specialized proofer that runs almost three grand because of the nature of my business.

But, as I said, I agree. If I have a good year with my business, and want to go out and buy a car that costs $40K, it SHOULD cost me more, proportionally, in taxes, than a car that costs $18K would.

I'd be happy to have that arrangement.

Redstone

[Ian David]

8. I think we should only tax twenty families for the next 8 years

Let's tax the richest 20 families in America-- the ones who spent millions of dollars lobbying against the Estate Tax-- at 99% for the next 8 years.

Gallo, Walton, etc.

[Redstone]

10. Oh, yeah, sure. Then you'll only have to pay twenty times as much for anything you buy that's

made by a corporation. Which, actually, is just about everything you buy.

Redstone

[SemiCharmedQuark]

11. Wouldn't this just result in a horribly regressive tax?

The tax would be passed on down to consumers as a kind of "sales tax" and sales taxes are horribly regressive

[MiniMe]

27. Yes

It would hurt those who live paycheck to paycheck.

[Nye Bevan]

12. Here's why this cannot work....

In 2006 the individual income tax raised $1044bn, while the corporate tax raised $354bn.

http://www.cbo.gov/ftpdocs/81xx/doc8116/05-18-TaxRevenues.pdf

Given that the maximum corporate rate is currently 35%, in order to replace the individual income tax revenue it would have to increase to approximately 35% * (1044+354)/354 = 138%. And you don't have to be a corporatist to see why this would not work.

[grahamhgreen]

17. Then consumers would have an extra 1 trillion to buy items the corporations are selling!

[dysfunctional press]

14. bermuda and the caymans would LOVE that-

they'd get EVEN MORE corporations to move their world headquarters to a post office box or strip mall there.

[Uncle Joe]

21. I believe that should be made illegal for any corporation

doing business in the U.S.

[dysfunctional press]

25. a lot of things should be made illegal for corporations...

but when both political parties in congress are well stocked with corporatists- that AIN'T gonna happen... :shrug:

[pennylane100]

16. If corporations only paid their fair share,

we would be lucky.

[elizfeelinggreat]

19. amen

That is the discussion our country needs to have. No More Big Business Welfare.

[Esra Star]

18. Philosophically it is more appropriate to extract tax when the

entity is using the product of the society.
Income tax is negative because you are stifling the input to productivity.
My guess is that a flat 10% income tax and a variable VAT (value added tax).
This should mean you can eliminate all other taxes.
That is my two penneth.

[grahamhgreen]

23. To be combined with tarrifs, and taxes on those who make over 1 million/year.