High taxes provide nothing more than incentive for business to bribe.....er lobby congress with massive amounts of money.
Eliminate the corporate taxes and roll back regulation and business will have little reason to buy congressmen.
>>> Eliminate the corporate taxes and roll back regulation and business will have little reason to buy congressmen.>>>
Which really speaks to what I’ve always said about MCCain’s idiotic CFR bill: the only way to keep money out of politics is to keep politics (government) out of money. In other words, shrink government size, scope and reach and this problem will go away - which is what you said in other words.
now, back to our regularly scheduled thread....
Exactly. The same holds true of individuals in control of their income, either as captains of industry or investors. They lobby and foster shelters and loopholes as a means of self defense against the plunderers. It wouldn’t be worth their while to try to game the tax code if the rate was only 10%, but at 35+% it becomes very much worthwhile.
Considering 10% is all the tax rate we’d need on individuals even if corporate income taxes were eliminated, it is kind of pathetic that we put up with the climate of corruption this tax code engenders.