Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Pikamax
The ONLY way to stop businesses from leaving is to stop PENALIZING them for making money. Reduce the corporate tax rate to 0%. Let people pay taxes on their income...Don't punish the corporation (shareholders, and workers, and CONSUMERS) through this ridiculous tax. Drop tax rates for business and individuals...Increase the incentive to make money in America, and you will more than make up for lost revenue by having MORE TAXPAYERS.
7 posted on 01/09/2004 6:13:06 AM PST by Capitalism2003 (Got principles? http://www.LP.org)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Capitalism2003
Reduce the corporate tax rate to 0%.

It's a fairly simple matter for a person (particularly a self employed person or any person conducting anything other than straight wage earning) to incorporate. There are a number of disadvantages to this now if you earn less than about double the average wage. This should remove all of the disadvantages for most people and allow them to reduce their effective tax rate to only a few percent at most (Arianna Huffington style). It should also provide a tremendous boost for accountants, lawyers, etc. to handle the details. Laywers in particular, I think, as they would be setting up the corporations and giving advice on how to make best legal use of them. Accountants would also get a big boost although many people would probably elect to do their own accounting via computer accounting programs.

12 posted on 01/09/2004 6:27:10 AM PST by templar
[ Post Reply | Private Reply | To 7 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson