I’m for a flat tax that charges the same rate on income whether it’s earned by labor or by investment. I don’t see why the government should punish or encourage one more than the other. They shouldn’t be in the business of engineering the economy or picking winners and losers.
Some of the loopholes these companies go through to get their operations based offshore look like ridiculous accounting gimmicks. I don’t know what the cause or solution to that is, but it should not be happening. However, I don’t understand why a “company” should be taxed at all. When income goes to an individual, that’s what should be taxed. If a company earns revenue or profits, why should that be taxes before it is paid out to an individual? If that’s what the corporate tax rate is, them it should be abolished.
When it comes down to it, a Free Traitor™ will always choose individual income taxes over tariffs and/or a NRST.
Donald Trump explained that the flat tax doesn’t work.
““I don’t like where everybody’s paying the same. If I make a billion dollars, and somebody else is making a hundred, and he’s paying ten dollars and I’m paying — to me, I don’t know. I like somewhat of a graduation.”