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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (607407)4/11/2011 1:17:30 PM
From: TimF  Read Replies (1) of 1580271
 
A community needs jobs.

And giving special tax breaks is a bad way to get them. Keeping taxes lower in general is a much better way to get useful jobs and a better standard of living.

That's a special break

Lower corporate tax rates isn't a special break if it applies generally not just to favored corporations. Also note I said "or all taxes").

Why should corps get a break on taxes and put the burden on private citizens?

Taxes applied to corporations put the burden on private citizens. Those citizens will sometimes be the shareholders, but studies looking in to the question seem to show that most of the burden is put on the customers or workers.

All too frequently they lead to more requests for special breaks.

And even when they don't the special targeted tax breaks don't work out well. Those who don't get the targeted breaks tend to pay higher taxes. Perhaps they lobby for break too, in which case some of them get the breaks, and some do not, those who don't probably pay even higher taxes (and invest less, or not at all, or leave the area). And everyone has to put up with more complex taxes, with the distortion of economic activity that rewarding some thing or companies and not others creates, and with more time and effort and money going in to lobbying, leaving less for useful work and investment that's generally productive for the economy, rather than the effort to chase special favors.

If communities need jobs the answer is to reject such special tax breaks, and have simpler taxes with lower rates, for everyone.
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