Lords of Death Forums Lords of Death Forums LoD General Discussion Get rid of Income Tax? (Fairtax)

Corporation tax does not exist imo.
It either (A) bleeds down to the consumer higher tax is compensated by upping the price of hte product
or (B) the corporation outsources
or (C) the corporation goes bankrupt

I am part of the Film Actors Guild [F.A.G.] heh <img src="/~stretch/ubbthreads/images/graemlins/smile.gif" alt="" />
lol
loved the movie!
oops 3 post rule....

We have one of the best regulated most efficient and fair economies in the world. Combining that with the fact that we consume more than 40% of the worlds resources makes this the most attractive market in the damn world. We sure as hell should charge corporations taxes to participate in this market place.
Corporate taxes are not only fair, but necessary to keep our markets strong. I truly don't understand why you would say corporate taxes don't exist. They do exist, should exist, and should be collected, not forgiven.
Giving a corporation a free lunch by not collecting their taxes, but going after some poor slob who lives in a trailer park is morally bankrupt.

You think we are the most successful economical world powers because of our tax system or by taxing corporations?
Thats more of incentive to outsource.
We agree to disagree. <img src="/~stretch/ubbthreads/images/graemlins/smile.gif" alt="" />

Just get everyone to do that, and you might have a semi-democracy. But Americans are ignorant and too lazy to vote on all the issues. And alot of the time the vote is lose lose. Like the last presidential election, which was a choice between two equally mainstream-disconnected elitists.

Let me try again.
I am saying that because we have such an attractive economy we have the right to charge taxes to corporations who want to participate in it.
Running an efficient economic system is not free. You need a strong legal system, empowered regulatory bodies, strong central bank, good transportation system, etc....
We as a country use our tax dollars to fund this infrastructure. Corporations benefit from all of this infrastructure because it provides them with a safe and efficient marketplace in which to run their business. Since they get to enjoy the benefits they should pay a price of entry and pay to keep the system alive.
Who should have higher corporate taxes. USA or Botswana? USA because people want to do business here.
Or if you want to think more locally.
Can New York City charge higher corporate taxes than Fargo N. Dakota? Of Course, as long as companies are belive that they receive a benefit greater than their tax burden for locating the business there.
It is simple free market theory,.

Lets break this down....
Key words, who "want" to participate. We have an attractive economy because Americans work their asses off.
A flat tax system is merely changing hands, not eliminating. Otherwise (D) All the above

Corporation tax is nonexistant, its another word for consumer tax. We pay their taxes. Corporation tax is either compesated by a higher product price, the jobs are outsourced or the company roughs it and chances bankruptcy.

People want to do business with the USA because of higher corporate tax? Explain please...
Take China for example, do people want to do business with them because of their tax system? No because they sell shit cheap!
I know flat tax is a glimmer of hope. Its the fairest way.
You for equal rights, except if someone makes more money than you? Flat tax is the only fair way.

I think Stretch did a nice job, but let me take one more shot at it.
Imagine you have a business selling widgets. You need a market in
which to sell them and and you have 2 Choices.
Market 1: Located in a huge football stadium with over 70,000
potential customers and vendors. Excellent security and shipping
infrastructure that makes it very easy to get your widgets to the
market and then to your customers. Great security so that your
widgets won't be stolen. A judge on site that will help settle
disputes between merchants. Three separate banks that compete with
each other to offer you banking services including access to credit,
savings accounts, etc. And finally a regulatory mechanism for vetting
merchants to ensure that all merchants allowed into the stadium are
legitamate.
In order to get access to this market you must pay 40% of your profits
back to the market which the managers of the market use to pay for all
of the services and facilities.
Market #2 Located in an open swamp with no easy access. A 1000 or
so merchants and customers come to the market on an irregular basis.
There is minimal security, but often security takes bribes from
merchants to look the other way. There are no banks on site so all
dealings are done in cash. There is no mechansim for handling
disputes between merchants. Anyone who wanders in to the market is
allowed to participate -- there is no vetting mechanism.
On the positive side you only have to pay 5% of profits to get in the
door at this market.
So Flea, faced with these two options which market seems more
attractive . Or said another way -- which market has the best value proposition.
The US is a VERY attractive economy to do business in, just like market #1.
The fact is the only way to keep it attractive is through contiuned investment.
This investment is paid for in part by corporate taxes.
The nice thing is that because our value proposition is so superior the corporate taxes do not drive away businesses.
Corporations are actually willing to pay because we provide such an efficient market.
If we remove corporate taxes it is essentially corporate welfare and I know how much conservatives like you hate giving anyone a free ride!