Do you support Common Core national standards?
I'm not too big on the topic of SALT, but from what I have read, I think we can do much better than…
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 sitting on state, federal, or municipal tax codes. Now a different question is whether I think an ideal tax code would feature a corporate income tax. The answer is almost certainly “no” (although you could imagine a situation where people get so clever at tax avoidance that you need to institute one) but that’s a different question. The difficulty with any major change to the tax code is that you’d have to build a consensus around some alternative strategy."
@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?
@TonyForCA 9mos9MO
The maximum corporate tax rate would fit within the profit bracket of $1.5M+ and would be around 15%, with small businesses making a small amount would be taxed a maximum of 4-5%
Let's say a company earns a total of $53k in a year, it would be paying only around 4 or 5% in tax.
If a company is earning millions yearly, it would be taxed around 15%.
Also, if a company is confirmed to be abusing workers, neglecting workplace safety, discriminating in the hiring process, or doing anything unsafe, there will be "fees" associated with acts of unsafe & unfair workplaces. The fee amount would be dependent on how many times the activity is confirmed to have taken place.
