Quote:
Originally posted by taxwonk
Next question?
Your point that corporate taxation is smoke and mirrors displays a certain amount of naivete. Taxes or not, corporations don't pay out all their income as dividends. You point would only be valid if all corporations liquidated on an annual basis.
There. And I did it all with a bare minimum discussion of taxes.
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Next question is why should person A be forced to give person B something they haven't earned. If you want to make sure people have adequate housing, healthcare, food, bus service, be honest and propose a tax increase. But if the employer and employee are in agreement about a particular wage (as revealed by the hire and the acceptance), why meddle?
On two, that's a timing issue, not one of principle. So Microsoft has $38B in cash. Microsoft, not individuals. Why should they pay tax on that (esp. when it increases the value of hte stock, on which capital gains tax will be paid upon sale).
I find one of the most pernicious problems with teh current tax code is the efforts to "hide" taxes by making their existence unclear or the effect of various provisions hard to determine. If government has to rely on chicanery in order to support itself, it's hardly able to claim the consent of the governed.
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