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A comment on Texas electric firm files for bankruptcy citing $1.8B in claims. Parent comment

Re:Texas electric firm files for bankruptcy citing $1.8B in ... by simonh on Monday March 01, 2021 @10:52AM (#26303950)
Does the fact that some people game their personal income tax make your income tax contributions worthless or irrelevant? I'm not clear what point you're making.

Corporate income tax is the third highest source of tax revenue in the US, at $230bn in 2019. Shareholders also pay capital gains taxes, and companies pay other taxes as well or collect taxes for the government as well like sales taxes.

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Re:Texas electric firm files for bankruptcy citing $1.8B in ... by croes on Monday March 01, 2021 @12:41PM (#26305543)
State expenses have to be paid and if the wealthy don't pay, who is? I guess the one who can't afford an account in places like the Caimans. And of course Corporate income tax is a hight source of tax money. The larger the share in profits, the higher the share in tax revenue. The question is why isn't it the highest source of tax income?
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