Any rational thoughts about taxes? ......
- Thread starter VIBC
- Start date
In the United States, corporations are taxed on profits, not revenues. And there are reams of exceptions built into the tax code that end up with many corporations, including some of the richest in the world, paying no income tax at all.
Progressive consumption tax. https://www.forbes.com/sites/leonardburman/2012/06/04/a-progressive-consumption-tax/#42dab9fa7c64
A long article, Anna. It will take a while to digest. One immediate thought I have, is that anything that discourages Big Consumption would be a good thing for the planet.
In running my eye down the paragraphs I see another semantic issue to trip over - 'Flat tax' is mentioned but it doesn't seem to mean what I thought it would. I wonder how many different meanings people give it.
Is a progressive consumption tax what you would recommend/prefer, and with no other taxation? What about non-consuming services, or all those 'fees and levies'?
Progressive consumption tax. https://www.forbes.com/sites/leonard.../#42dab9fa7c64
Haha, indigestion triumphs! Sorry but there's too much there that I don't have the patience (or intellect?) to follow. Makes tax theory look even more complex than I already imagined.
It is a complicated question which requires some thought and time. ANything less would just amount to semi coherent rants.
VIBC did ask for rational thoughts, not the deranged ranting of a geriatric lunatic.
https://www.canada.ca/en/revenue-ag...opics/corporations/corporation-tax-rates.html
Cutting services. Do you really need boulevards with flower gardens? How about rainbow crosswalks?
ROFLMFAO. Where do you think corporations are getting the money from to pay taxes? I suppose one could consider it a consumption tax but it really isn't.
Of course you think that, because in your knee-jerk truckling to corporations, you repeat whatever BS lines they feed you, and can't be bothered to think through the implications.
For example, the quoted passage is just a version of the old corporate threat when faced with any possibility of regulation, "We'll pass on those costs to consumers." Yeah, no shit, Sherlock. Corporations pass on all costs to consumers. It's called "pricing."
Should someone who is actually capable of thinking in anything other than pre-loaded sayings care to examine the implications, I'll be happy to lay it out for them. Say, maybe VIBC or Anna Ember.
Meanwhile, y'all have a real nice evening now, hear?
That is way above your ability. I simply pointed out the indisputable fact that corporate taxes are just added to the retail price so the consumer pays the business income tax. Hard for an internet lawyer to understand, I know. Now corporate tax on revenue generated out of the country is a different story.
"Cutting services." is not a sentence. What do you mean by saying it?
Who, me? I don't need any of those things.
What a city needs, builds, maintains is decided by its citizens, via elections, referendums, activism, volunteering, apathy, rebellion etc etc. Individuals can be disappointed in the results but that's how things work.
By the way growing flowers costs little or nothing so why not have gardens? It's probably cheaper than paving.
There's a part of Britain which has no income taxes - Bermuda.
Some countries have no income taxes, too - Monaco, the Bahamas, Andorra. They're all very small countries, though.
By the way, Canada's tax rates are one of the highest in the world, at 38%.
America's is 21% and Britain's 19%.