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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (607029)4/7/2011 3:56:55 PM
From: i-node  Read Replies (1) of 1580130
 
>> I suggest you Google "corporate tax deductions"! Once you've taken all THOSE, you DON'T have any net income, but you've paid yourself nicely!

So, you would deny corporations the deduction for its ordinary and necessary business expenses, which every one of those "deductions" is?

Economically, you cannot have capital formation if you apply the corporate tax rates to gross income rather than net, which is what you seem to be suggesting.

Obviously, you cannot mean that, which suggests that you, like Shep, are simply talking out your ass on a subject you have no knowledge about, whatsoever.

I've asked Shep to name some of the "loopholes" you are complaining about. He has failed to do so. Can you?
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