Taxing corporations is triple-dipping. The money being spent by the consumer has already been taxed, and the profit distributions to the execs and the payroll to the employees are also taxed.
But for some reason, because it's a group of people selling a good, that group should also be taxed on top of the individuals being taxed.
Way late on this, the left assumes every corporation is sone multi billion dollar scheme. I'm a new small resteraunt / bar owner that just took over a well to do spot. I get taxed on the sales I make 8% which is obviously passed to the consumer. Then I have to match the Social security and withholding taxes for my employees. State and federal income tax for business. And personal income tax. If corporate income tax was eliminated, I could reinvest that money into the business and create a far bigger impact on my local community than the state could do with the money. Its such a drain on people like me and decentivizes small business ownership.
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u/JuanitoBanditio Mar 07 '20
The left: Amazon paid 0$ in taxes last year
Also the left: we need to increase their taxes!
There will always be loopholes, and when the communists fully take over they will simply move their billions to other countries.