We should raise taxes for corporations and their partnerships based on the scale of operations and revenue. Let's tax companies like people.
The smaller the company, the lesser the tax. The larger the company, the higher the tax.
I have previously supported raising taxes on the top 1% and large corporations and giving the working class and small businesses relief from the exorbitant tax rates they are forced to pay. I find SALT overly complicated with insufficient positive results returning for it to be warranted.
I think that we simply need to adjust tax rates accordingly by lowering taxes for the working class and raising them for the top 1% which allows for huge paid-for tax cuts to be introduced to the working class.
Taxes are collected for a reason, and it's time that we actually provide direct results to the working class and no longer cater to corporate executives.
@FoxJay9mos9MO
The corporate tax rate is a joke to me. Corporations always find ways around it. Cutting the corporate tax rate is even encouraged by influential authors on the left.
https://slate.com/business/2012/02/why-not-just-ditch-the-corporate-income-tax.html
"After I wrote about the corporate income tax, readers of various political persuasions wrote in to ask why I don’t think we should just get rid of the thing altogether. The answer is pretty simple—it raises around two percent of GDP! It’s the same as the reason why we don’t just get rid of all kinds of taxes that are… Read more
@TonyForCA 9mos9MO
I would establish a task force to put an end to state tax evasion by both corporations and individuals.
@CleverThrusheIndependent9mos9MO
would u change how s corps write off taxes?
@TonyForCA 9mos9MO
I would make it so that all corporate entities have to pay some form of state income tax on an annual basis alongside citizens.
In my ideal corporation taxation system, the corporations would be taxed an amount that is dependent on three factors: revenue, size, and corporation level (LLC, S Corp, etc.)
This corporate tax system would use those factors to determine which taxation bracket the corporation best fits into.
Basically, the larger the corporation, the more they pay in taxes. I would be doing the same with the top 1% who make outlandish amounts of money every single year.
@DolphinWillowIndependent9mos9MO
What would you cap the corpse tax rate at for the largest corporations?
