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Strategies & Market Trends : ahhaha's ahs
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To: ahhaha who wrote (3383)11/2/2001 1:13:44 AM
From: Mark AdamsRead Replies (1) of 24758
 
Ok, this liberal communist wearing the green eyeshades of envy subject to eco-religous influences will honor your request. I've already said it before, but I'm not above repeating myself.

Why not tell me why there should be any corporate tax?

Corporations are legal entities with rights and responsibilities not unlike real, natural entities. Individuals voluntarily choose to incorporate regardless of corporate taxes. Market forces at work. In fact, in some cases individuals choose that incarnation specifically to avail themselves of lower corporate rates on retained income compared to personal income taxes. They then use this retained income to acquire assets and build networth inside a corporate shell in a tax advantaged manner.

Reducing corporate tax rates will remove the US tax liability of foreign entities holding interests in Public, Private and Closely Held corporations. It will increase economic distortion by increasing the incentives to creatively use corporate forms to channel cash flow or change the characterization of income from ordinary to passive or capital gains.

Corporate taxes may not be fair. They may not be the best answer. But they are in place today; changing the rules will create winners and losers. That doesn't mean to imply the rules should not change, only that the changes should be considered in light of how corporations are really used by financially sophosticated individuals.

socialist credo that corporations should be punished

Now, you tell me, which part of S&M do you prefer? Or are both roles equally suitable, depending on your mood?
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