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by unclebucknasty 3344 days ago
I can get on board with that. This would help even small businesses that are reinvesting in growth.

But, to truly level the playing field, we would also have to tax capital gains at the same rate as wages.

1 comments

Yes, we would; one of the main reasons we don't currently is BECAUSE of the corporate income tax. Currently, capital gains are 'doubly' taxed, first as corporate income and then as capital gains. We can offset a decreased corporate income tax by increasing capital gains taxes.
Indeed. I do wonder what the right offset would be to minimize the impact on government revenue.

In any case, unfortunately, I've yet to hear the political advocates for corporate tax reduction/elimination argue nearly as vociferously for an increase in capital gains taxes.