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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (795488)	7/18/2014 10:47:21 AM
From: combjelly	Read Replies (1) \| Respond to of 1580253

Ok. So corporations are people, complete with a religious identity. But, they should be exempt from income taxes, unlike any other person. In fact, they are very privileged people. An aristocracy, if you will. Now I do agree that capital gains should be taxed as regular income. But I don't see that happening.

To: bentway who wrote (795488)	7/18/2014 11:25:37 AM
From: i-node	2 Recommendations Recommended By FJB PKRBKR Read Replies (1) \| Respond to of 1580253

>> MEGAN MCARDLE THINKS WE SHOULD GET RID OF IT ENTIRELY I'm glad someone besides me is saying it out loud. The corporate income tax is counter-productive, as it raises a paltry $200B/year. Its elimination would create an economic surge that would generate far more than that it other revenue. You would eliminate a substantial layer of bureaucracy, free up foreign money to be repatriated, and encourage business to return to the USA. It is pretty much a no-brainer. The only reason for its existence today is as a punisher for business.