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by John M.F. Keynes 09/24/2017, 10:06am PDT |
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Mischief Maker wrote:
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.
Or, what if - and hear me out before you say anything - what if the corporation passes $90,000 worth of savings on to their customers? Then the customers could easily afford to pay $80,000 in personal taxes, of which the government could put $70,000 into a black box. The black box could then award $60,000 in corporate R&D contracts, and presto! We're basically at the same place your Asian-style guided economy would've landed us, only our way has three decisive advantages:
1. It's 100% kosher under the rules of the free market, provided nobody ever looks inside the black box (this is what national secrets are for).
2. At every step along the way, someone gets a little taste. Even you.
3. As long as the black box spends at least a fraction of the $60,000 wisely (ICBMs), we've got nothing to fear from the hyper-efficient $100,000 R&D economies nipping at our heels, each of which has precisely as many ICBMs as the market demands (like, maybe one? They can sit on it and rotate when they see ours coming).
Of course, this entire system hinges more and more every day on our rapidly emerging economic enemies believing we have the chutzpah to push the button for entirely selfish, even sociopathic reasons, so we should probably put it in the hands of our most erratic badguy wrestler. What's Million Dollar Man Ted DiBiase doing these days? Still just coke, or might he consider a bid? |
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Anyone here believe a corp. tax cut will give "American workers [a] pay raise"? NT by C++ Guevara 08/30/2017, 1:23pm PDT 
Top down interest makes that very difficult by Mysterio, "Devil's Advocate?" 08/30/2017, 2:23pm PDT
Re: Top down interest makes that very difficult by C++ Guevara 09/01/2017, 1:58pm PDT
Paul Rand, Reagan's ghost, Trump by idiots, basically 08/30/2017, 2:36pm PDT
Every business owner would just see it as what they rightfully deserved. by Mysterio 09/01/2017, 3:44pm PDT
Too high compared to who? NT by Greece? Somalia? 09/23/2017, 11:50pm PDT
Comparison by Greece? Somalia? 09/23/2017, 11:55pm PDT
(LOL @ Regan's final year and "fuck you" to this country's long term viability) by Greece? Somalia? 09/24/2017, 12:02am PDT
The US should cut its corporate tax rate. by blackwater 09/24/2017, 4:18am PDT
Who the hell starts a small business as a C-Corporation these days? by Mischief Maker 09/24/2017, 6:22am PDT
Basics! by John M.F. Keynes 09/24/2017, 10:06am PDT
Re: Basics! by C++ Guevara 09/25/2017, 10:53am PDT
What is considered R&D for tax purposes has little relation to reality by blackwater 09/25/2017, 2:33pm PDT
Sorry, meant to write NIH. by blackwater 09/25/2017, 2:35pm PDT
I'm okay with corporate taxes going down as long as mine go down too. by Judge Barry 09/24/2017, 10:38am PDT
This is a terrible economic policy based on nothing NT by indistinguishable from TDarcos 09/24/2017, 5:55pm PDT
"Only corporate taxes should go down" great work dummy by Judge Barry 09/24/2017, 8:00pm PDT
Sorry I fucked up the exaggeration by indistinguishable from TDarcos 10/19/2017, 6:54am PDT
Double taxation by C++ Guevara 09/25/2017, 10:47am PDT
Re: Double taxation by blackwater 09/25/2017, 2:27pm PDT
Re: Double taxation by C++ Guevara 09/26/2017, 10:49am PDT
Re: Double taxation by blackwater 10/15/2017, 11:00pm PDT
That guy destroyed you. Why go back for more? NT by this is what libertarians actuallyb 10/19/2017, 7:02am PDT
Re: Double taxation by C++ Guevara 10/24/2017, 10:56pm PDT
Re: Double taxation by blackwater 10/25/2017, 6:20pm PDT
One point of clarification and I will shut up. by Ice Cream Jonsey 10/25/2017, 8:07pm PDT
Re: Double taxation by C++ Guevara 10/26/2017, 12:29am PDT
Hahaha, good one! You're killing him, C++!!! by this is what libertarians actuallyb 10/26/2017, 9:55am PDT
This wasn't me. by this is what libertarians actuallyb 10/26/2017, 10:25pm PDT
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
Are you sure it wasn't you? by It sure sounded like you 10/27/2017, 7:07am PDT
Re: Double taxation by blackwater 10/26/2017, 4:02pm PDT
C++ is wrecking you here. Take a time out. by this is what libertarians actuallyb 10/26/2017, 4:14am PDT
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