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by willis936 223 days ago
Thinking the last part is happening or will happen anytime soon feels very naive. Advantaged companies have the means to not pay their fair share and they never will.

Corporate tax rates were insanely higher many decades ago. Both industry and the public thrived despite it. Corporate tax rate slashed, public flounders, corporations act in ungrounded and bizarre ways. This is not a healthy system.
2 comments
valleyer 223 days ago
> Thinking the last part is happening or will happen anytime soon feels very naive.

"The last part" of GP is taxing the company's money when it's distributed to shareholders, and that is absolutely already happening. You might not like the current rates or loopholes (neither do I), but I think most of the somewhat-wealthy big tech engineers on this board can attest that it "is happening".

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jplrssn 223 days ago
The more you concentrate taxation via capital gains, the more you incentivise the type of tax strategy where people just leave the state/country before cashing out. Countering that with exit taxes and such is hard.

Taxing company profits directly may be less efficient from an economics point of view but it's much more politically palatable.

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graeme 222 days ago
>the money mostly gets paid out to employees and owners as salaries, dividends, or stock buybacks.

This is the last part. Where do you think the money goes if not to employees or owners?

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