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by merrillii
4252 days ago
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They are not practically nothing. After loopholes the average corporate tax rate is something like 17% [1]. This is far lower than the often stated 35% but it is not nothing. This whole blog post seems to neglect the point that Labor generates Capital. Whether that money is invested or spent it has already been taxed once. Now if the capital generates more money as an investment it will get taxed again on the profits. Likewise if Labor continues to work the income will get taxed as well. The Capital investment has the risk of going to absolute zero. The potential Labor investment cannot go to zero unless the person dies. [1] http://economix.blogs.nytimes.com/2013/11/26/effective-corpo... |
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