Re:Why It's Safe for Founders to Be Nice (2015)
by philwelch on Sunday August 20, 2017 @03:40AM
(#15057384)
I'm not suggesting any kind of supply-side Laffer Curve argument. My argument is that corporate taxes are less efficient than individual taxes, not that taxes should be lower overall. I would prefer to increase income and capital gains taxes on high-income, high-net-worth individuals to offset the loss in revenue from reduced or eliminated corporate taxes.
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Re:Why It's Safe for Founders to Be Nice (2015)
by ubernostrum on Sunday August 20, 2017 @11:23AM
(#15058765)
What you're missing is that the "March to Zero" plan included implementing the things you're talking about. It did not have the effects you claim it would have. Your theories of why your proposals would be good have been empirically discredited.
One big example: the elimination of taxes on business income did not suddenly result in much more efficient taxation, scrupulous payment of what was owed, and a boom in investment and expansion of businesses. It resulted in everybody and their brother scrambling to reclassify their personal income as the right kind of business income, in order to pay less tax. Revenue fell off a cliff and the state's deficit projections soared.
Re:Why It's Safe for Founders to Be Nice (2015)
by philwelch on Sunday August 20, 2017 @03:38PM
(#15059910)
I'm claiming that corporations hold cash offshore to avoid paying federal corporate taxes. Kansas is categorically incapable of doing anything to solve that problem, so I don't see how your Kansas example is in any way relevant, unless there was an epidemic of Kansas businesses keeping stockpiles of cash in Nebraska for the purpose of avoiding state taxes.