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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (800163)8/7/2014 1:23:50 PM
From: combjelly1 Recommendation

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tejek

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You think a "tax holiday" is the same thing as eliminating corporate income taxes altogether?

It is in the sense that they got extra money. Almost none of it was invested in things like employees, R&D or infrastructure. All kinds of economic boons were promised. None of them proved fruition.


Of course there is proof that would happen. If you do something that enhances corporate profitability you're going to get more corporations.

Not necessarily. We have done a lot of things to enhance corporate profitability over the decades. We have also had a shrinking middle class. The two don't seem to be directly related. Granted, if you drive profitability to zero or below, then you have problems. But this isn't what we are talking about.

However, I am fine with putting the corporate income tax rate at zero. But only if unearned income is taxed at earned income rates.
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