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To: templar
>>Reduce the corporate tax rate to 0%.

Right, incoporate, have the company pay most your living expenses...retain all your earnings, invest those retained earnings and the small one-person coporations can become worth millions of dollars in a few years without ever paying a single cent of taxes....somehow that doesn't exactly seem fair to me. Meanwhile, lets screw the income earner to make up for those "lost" taxes...why not make the coroporations pay all the taxes and let the wage earners keep 100%? That way, only corps need to file with the IRS and the other 100Million wage earners don't even need to file each year?



16 posted on 01/09/2004 6:44:04 AM PST by cpst12
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To: cpst12
why not make the coroporations pay all the taxes and let the wage earners keep 100%?

Here's some news:

Corporations do not pay taxes!! Not even today.

They pass the "tax cost" to consumers, or pay their employees less.

A "0%" corporate tax would increase business investment, lower prices, and raise salaries.

The idea of "corporate taxes" is a total fiction.

18 posted on 01/09/2004 6:49:14 AM PST by sinkspur (Adopt a shelter dog or cat! You'll save one life, and maybe two!)
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To: cpst12
......why not make the coroporations pay all the taxes and let the wage earners keep 100%?

Actually, I've been an advocate of NRST for longer than it's been called NRST (since the '70's). I doubt that income tax revisions will ever create a level playing field (or anything close to it) and they end up effectively exporting a lot of our taxes in the form of costs that get passed on in our exported goods prices (which is a major reason we are losing out to the third world in manufacturing. it's a part of the low labor costs overseas that usuallly gets overlooked). NRST wouldn't be perfect, nothing would, but it would be fairer than what we have now and it would help make our industry more competitive in the world makretplace. Administrative overhead (all the bookkeeping, accounting, legal research, etc.) would be reduced to a fraction of what is is now and that could result in both lower prices of our exported goods and better wages for our workers as well as increased profitability of our corporations.

IMO and FWIW

29 posted on 01/09/2004 11:08:21 AM PST by templar
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