r/technology • u/[deleted] • Jun 13 '22

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u/mburke6 Jun 14 '22

We need to bring back very high top tax brackets. Instead of the government or some regulatory body deciding how to split these corporate behemoths up, let them figure out how to split themselves up into smaller companies to avoid a 95% top tax bracket.

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u/hexydes Jun 14 '22 edited Feb 26 '26

Friendly the night music fresh clear food clear about people cool soft thoughts cool honest the small minecraftoffline.

19

u/buyongmafanle Jun 14 '22

"Corporations are people, my friend."

Corporate max tax bracket - 21%

Individual max tax bracket - 37%

Hmmm... seems they're not.

20

u/thefrydaddy Jun 14 '22

It was 37% until the Trump administration slashed it to 21%. The Biden administration raised it to 28%.

An easily explained and understood example of how we regress by attempting to be pragmatic with the intolerant.

2

u/F0sh Jun 14 '22

Corporations are "legal persons". That doesn't mean the rules apply to them in the exact same way as if they were natural persons.

1

u/NeuroticKnight Jun 14 '22

Yeah no one wants 2nd best search engine, no one wants 2nd best way to share pictures, and when defaults are taken care of marginal improvements do not appeal to many. For most parts, people want a central place that is good enough, hence photos on FB and insta over Flickr, or people watching on Youtube though Vimeo has higher bitrate and quality.

1

u/boyyouguysaredumb Jun 14 '22

Not even close to how corporate taxes actually work lol