Jason's Ultimatum
Member
Gallbaro said:But if you get rid of Corporate Income tax, guess what they have no incentive to "hide" their income, much lesser incentive to shift jobs over seas and a much greater incentive to reinvest in their companies rather then distribute dividends.
Are you really so thick headed.
Aside from that empirical studies have shown a government cannot expect to collect in taxes more than %20 of GDP, and that is already past a point of diminishing returns, as in the additional taxes hurt economic growth.
Corporate continue to rake in record profits, yet worker's wages continue to stagnant, not being able to keep up with inflation.
So yes, obviously, we need more tax cuts for corporations.