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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (32339)	9/2/2017 8:40:38 PM
From: TimF	Read Replies (1) \| Respond to of 364323

Yeah, I can see how badly corporations are being hurt. Do you actually read my posts before you reply to them? I didn't say anything about them being hurt, I (in a not very direct way) said they invest less, produce less, and create less jobs, than they would if taxes were lower. As for being hurt, if you mean they are all massively suffering than that isn't true. If you mean damage is done, then it is true and you should be able to see it. The corporation is just a structure, the damage is to the investors, the employees and/or the consumers. Of course those same people would be harmed by the lack of security and government services that zero taxes represent. The first bit of taxes causes gross harm but not net harm, but once you get beyond low taxes you get net harm as well. Specifically for corporate taxes, the compliance costs, the negative incentives, and the enforcement costs, combined with the fact that the costs are passed on to others, probably make the whole idea a net negative in the US, certainly having the highest rates in the world is a net negative.