Corporate Tax, Small Business, Etc.

[joecoolfreak]

How is it a meaningless determination. The whole point of this is to show by putting any more taxes on corporations is going to hurt the little guy more than it is going to hurt the big corporations that 1% of all businesses operating inside of the U.S. And to show why hell even I if I could would simply roll it all into personal tax because no mater which way you slice it is . The problem here is that most people simply go oh companies are making too much money when they don't realize that small business owners make up almost all of the corporate world in the country.

Because taxes are determined by receipts. As I showed before, even though small businesses make up 99% of businesses, they should only be taxed for 45% of the business being done in the US. The physical amount of each business being taxed is so spread out that it's relatively small amounts. Small business owners make up the vast majority of physical businesses, yet make up less than a majority of the money being taken in.

Again, this is why I find your point of view so puzzling. You are so inclined to give large earners(wealthy individuals) less taxes. (They already make up the bulk of the tax revenue, but then on the opposite side, you want to give small businesses a break even though the large businesses are the ones that should be receiving tax breaks and you should be taxing small businesses more by the same logic.

My whole point is not only should all individuals and corporations be paying more taxes, but it only makes sense from a financial perspective to raise the taxes on the ones that you will receive the most amount of money from. This is for two reasons, one because they are the only ones with money to spare and the smaller entities on both sides of the equation just can't afford to pay more, and two, because they are the ones that will provide the most amount of income to the tax base which is what we so desperately need.

Is it fair to tax the rich or large more than the small or poor? NO, but it's the only way things will work out in the long run. If we were to follow your same logic that we should be primarily capitalistic and fair, then we should tax small businesses less than large ones because they aren't as successful and being successful by your logic means that you should not be "punished" for that.

Do you see the connection between these two concepts(personal and corporate taxing)?


[quote=RedGT} :facepalm: That is precisely what I meant. Stupid typo on my part. My math only varied 1% from yours so we are still in agreement but I still contend that even though they make up just under half any change they make will have a profound effect on small business before it really begins to hurt any of the big players like Wal-Mart, Microsoft,etc.[/quote]

This is the exact reason why I support lowering taxes for the lower income individuals and raising them for the upper 1%. I really don't see how you can't apply the same logic that you are here for corporate taxes and you do for the concepts I lay out in my personal tax thread.

I wasn't intending to invalidate your point simply show why. Yea it's scary but to be honest I don't blame them. The corporate tax rate in this country is outrageous and I'm simply not surprised that most business simply do everything under the personal tax income.

We are starting to see eye to eye now. I do understand why they do it, but that doesn't make it right. I don't have a problem with the highest corporate tax rate as it goes to pay the country with the highest infrastructure costs. Such is the price to pay to be successful in America.

See but I don't think so. Think about it.If he has figured out how to pocket more money by going thorugh personal income tax instead of corporate that means he's got more money to spend, more money to invest, more money to expand the business. So what does that mean? It means basically more jobs. Although unemployment is low by historical standards people are up in arms at 6% and like you contended what do you think people will do when they hear unemployment hits 7 or 8% because of raising taxes? They will be livid. Something else to think about. As much as people would like to say "Oh well you know they are only doing it to pay less in taxes" and just leave the thought at that it's incomplete. If most small businesses were to pay the actual corporate tax rate they would not be able to keep as many people employed as they would otherwise need.

I'll get to the rest later.

I think this concept is just plain optomistic and utopian. It would be great if we gave businesses less tax burden and they therefore invested more and hired more, but that just isn't the reality. If we give this guy more money, and don't force him to pay more taxes on that profit, he is just going to pocket more of the money. Don't forget the the more he spends, the more sales tax and other things are going to get him, so it just doesn't work out in reality.