Forum Overview :: Balance of Power
 
Who the hell starts a small business as a C-Corporation these days? by Mischief Maker 09/24/2017, 6:22am PDT
"Corporate taxes" refers to C-Corporations. The vast majority of small businesses, including my own, are LLCs. LLCs are taxed as part of the owner's personal income tax, so a corporate tax cut would not benefit me in the slightest.

Most large C-Corporations pay next to nothing in actual taxes. Some of that is loopholes and some of that is encouraging better practices. Wanna encourage research and development? Raise corporate taxes!

Why? Because R&D is tax-deductible. Basics here for a moment, money held by a C-Corporation is not actually in the owner's pocket yet, it needs to go through corporate taxation along the way. If corporate taxes are high, and you could do $100,000 worth of R&D that may not pay back returns for 5-10 years, it's in your interest to do the R&D because otherwise the money savings would just get gobbled up by Uncle Sam anyway. But if corporate taxes are zero, and you give the owner a choice between doing $100,000 worth of R&D for non-guaranteed delayed profit, or just pocketing it right now, they're fucking gonna pocket it right now. Especially with the golden parachute musical chairs culture in the executive class these days.

And some of these things are actual loopholes that need to be ended, like a company deducting the cost of outsourcing their facilities to another country. Now if you want to see what the whole Obamacare-repeal circus would look like in reverse, look at all the attempts by Democrats during the Obama years to pass bills to end that loophole only to be filibustered by Republicans again and again.
PREVIOUS NEXT REPLY QUOTE
 
Anyone here believe a corp. tax cut will give "American workers [a] pay raise"? NT by C++ Guevara 08/30/2017, 1:23pm PDT NEW
    Top down interest makes that very difficult by Mysterio, "Devil's Advocate?" 08/30/2017, 2:23pm PDT NEW
        Re: Top down interest makes that very difficult by C++ Guevara 09/01/2017, 1:58pm PDT NEW
    Paul Rand, Reagan's ghost, Trump by idiots, basically 08/30/2017, 2:36pm PDT NEW
    Every business owner would just see it as what they rightfully deserved. by Mysterio 09/01/2017, 3:44pm PDT NEW
        Too high compared to who? NT by Greece? Somalia? 09/23/2017, 11:50pm PDT NEW
            Comparison by Greece? Somalia? 09/23/2017, 11:55pm PDT NEW
                (LOL @ Regan's final year and "fuck you" to this country's long term viability) by Greece? Somalia? 09/24/2017, 12:02am PDT NEW
    The US should cut its corporate tax rate. by blackwater 09/24/2017, 4:18am PDT NEW
        Who the hell starts a small business as a C-Corporation these days? by Mischief Maker 09/24/2017, 6:22am PDT NEW
            Basics! by John M.F. Keynes 09/24/2017, 10:06am PDT NEW
                Re: Basics! by C++ Guevara 09/25/2017, 10:53am PDT NEW
            What is considered R&D for tax purposes has little relation to reality by blackwater 09/25/2017, 2:33pm PDT NEW
                Sorry, meant to write NIH. by blackwater 09/25/2017, 2:35pm PDT NEW
        I'm okay with corporate taxes going down as long as mine go down too. by Judge Barry 09/24/2017, 10:38am PDT NEW
            This is a terrible economic policy based on nothing NT by indistinguishable from TDarcos 09/24/2017, 5:55pm PDT NEW
                "Only corporate taxes should go down" great work dummy by Judge Barry 09/24/2017, 8:00pm PDT NEW
                    Sorry I fucked up the exaggeration by indistinguishable from TDarcos 10/19/2017, 6:54am PDT NEW
        Double taxation by C++ Guevara 09/25/2017, 10:47am PDT NEW
            Re: Double taxation by blackwater 09/25/2017, 2:27pm PDT NEW
                Re: Double taxation by C++ Guevara 09/26/2017, 10:49am PDT NEW
                    Re: Double taxation by blackwater 10/15/2017, 11:00pm PDT NEW
                        That guy destroyed you. Why go back for more? NT by this is what libertarians actuallyb 10/19/2017, 7:02am PDT NEW
                        Re: Double taxation by C++ Guevara 10/24/2017, 10:56pm PDT NEW
                            Re: Double taxation by blackwater 10/25/2017, 6:20pm PDT NEW
                                One point of clarification and I will shut up. by Ice Cream Jonsey 10/25/2017, 8:07pm PDT NEW
                                Re: Double taxation by C++ Guevara 10/26/2017, 12:29am PDT NEW
                                    Hahaha, good one! You're killing him, C++!!! by this is what libertarians actuallyb 10/26/2017, 9:55am PDT NEW
                                        This wasn't me. by this is what libertarians actuallyb 10/26/2017, 10:25pm PDT NEW
                                            I was on your side until you thought I was so stupid you had to point this out. by John M.F. Keynes 10/26/2017, 11:31pm PDT NEW
                                            Are you sure it wasn't you? by It sure sounded like you 10/27/2017, 7:07am PDT NEW
                                    Re: Double taxation by blackwater 10/26/2017, 4:02pm PDT NEW
                                C++ is wrecking you here. Take a time out. by this is what libertarians actuallyb 10/26/2017, 4:14am PDT NEW
 
powered by pointy