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Started By
Message
What's the argument against raising the corporate tax rate?
Posted on 9/3/25 at 11:56 am
Posted on 9/3/25 at 11:56 am
Companies can either pay the increased rate, or offshore and be subject to tariffs. They're not going to just abandon the American consumers; we're too valuable of a consumer base. So why aren't we taking this free money to pay down our debt?
24
Posted on 9/3/25 at 12:00 pm to Ingeniero
I'm no financial analyst, but lower tax rates plus tariffs encourages businesses to operate here which helps our employment numbers? Also if you attract enough businesses to be here, your net tax revenue would be similar to fewer businesses at a higher tax rate?
Posted on 9/3/25 at 12:01 pm to Ingeniero
Who wants to tell him?
Posted on 9/3/25 at 12:01 pm to Ingeniero
well it slows new hiring and new investments.
Posted on 9/3/25 at 12:08 pm to Ingeniero
Is the assumption here that government DOESN'T take enough in taxes already?!!
Also, taxes being "free money"?
Economic illiteracy is a god damned cancer on society.
Also, taxes being "free money"?
Economic illiteracy is a god damned cancer on society.
Posted on 9/3/25 at 12:09 pm to TigerBait1971
quote:
lower tax rates plus tariffs encourages businesses to operate here which helps our employment numbers? Also if you attract enough businesses to be here, your net tax revenue would be similar to fewer businesses at a higher tax rate?
If the choice is go to another country and pay a higher rate PLUS tariffs, or stay here and pay a slightly higher corporate tax rate, which one do you think they're choosing? We're just leaving money on the table
Posted on 9/3/25 at 12:10 pm to LaMigra
quote:
Who wants to tell him?
I’ll give it a shot. The response will be expected.
Posted on 9/3/25 at 12:11 pm to stuntman
quote:
Economic illiteracy is a god damned cancer on society.
Thank you
Posted on 9/3/25 at 12:12 pm to stuntman
quote:
Is the assumption here that government DOESN'T take enough in taxes already?!!
Then why is MAGA crowing about tariff revenue?
Posted on 9/3/25 at 12:13 pm to Ingeniero
quote:
What's the argument against raising the corporate tax rate?
There is no corporate tax. There is only a consumer tax.
Consumers either willingly pay a corporate tax, give up on the product while finding a replacement, or decide they simply never really needed the product (using the money on cocaine and hookers, neither of which we tax).
Posted on 9/3/25 at 12:16 pm to RogerTheShrubber
Completely agree w/ you, Roger.
I cannot comprehend why they support higher taxes. If the goal is to "bring back jobs", then push like hell for massive deregulation, not higher taxes. Compliance costs, of which taxes are a part of, are what crush job creation and higher wages.
I cannot comprehend why they support higher taxes. If the goal is to "bring back jobs", then push like hell for massive deregulation, not higher taxes. Compliance costs, of which taxes are a part of, are what crush job creation and higher wages.
Posted on 9/3/25 at 12:17 pm to Ingeniero
quote:
If the choice is go to another country and pay a higher rate PLUS tariffs, or stay here and pay a slightly higher corporate tax rate, which one do you think they're choosing? We're just leaving money on the table
Those aren’t the only alternatives.
Corporations don’t bitch as much about corporate taxes because they know it is a shared pass-along tax.
But other nations do bitch about tariffs. Because they know another nations can easily step up to fill the void.
This is why your either/or comparison is misleading.
It is better to negotiate with tariffs for increased revenue than to expect corporate taxes to be more favorable for US interests.
Posted on 9/3/25 at 12:18 pm to stuntman
quote:
Is the assumption here that government DOESN'T take enough in taxes already?!!
Also, taxes being "free money"?
Economic illiteracy is a god damned cancer on society.
It's sarcasm.
Posted on 9/3/25 at 12:18 pm to Ingeniero
quote:
argument against raising the corporate tax rate
Income taxes are theft by a corrupt government that has abdicated its right to rule.
Posted on 9/3/25 at 12:18 pm to Ingeniero
quote:
If the choice is go to another country and pay a higher rate PLUS tariffs, or stay here and pay a slightly higher corporate tax rate, which one do you think they're choosing? We're just leaving money on the table
Corporations invest, innovate, provide goods/services and employ people.
All of those things are a net positive to society.
Bending them over the tax/tariff barrel leaves them with less resources to generate the net positives for society.
Posted on 9/3/25 at 12:18 pm to stuntman
quote:
", then push like hell for massive deregulation,
Overregulation is a massive inefficiency, and it cost us dearly in opportunity cost
Posted on 9/3/25 at 12:19 pm to Flats
Dammit. Yep, I need a sarcasm font.
Posted on 9/3/25 at 12:20 pm to Ingeniero
Corporations do not pay taxes.
They collect them.
Consumers at the retail level pay ALL corporate taxes.
They collect them.
Consumers at the retail level pay ALL corporate taxes.
Posted on 9/3/25 at 12:22 pm to VoxDawg
quote:
Corporations do not pay taxes.
They collect them.
Consumers at the retail level pay ALL corporate taxes.
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