Re:Yellen calls for a global minimum corporate tax rate
by AdrianB1 on Monday April 05, 2021 @04:18PM
(#26704110)
Some countries have no personal income tax for citizens and residents. US did not have one for half of its existence and when one was created it was tiny. Now most governments treat their citizens as 2 classes: those that can be taxed to death and those that can receive for nothing in return. This is a big divide that is growing, not closing.
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Re:Yellen calls for a global minimum corporate tax rate
by oblio on Monday April 05, 2021 @05:04PM
(#26704718)
"Some countries" = maybe 10-15 microstates and tax havens.
https://en.wikipedia.org/wiki/Income_tax#Around_the_world
> US did not have one for half of its existence and when one was created it was tiny.
The US also didn't have highways, a public healthcare system, public education, etc. for a large chunk of its existence. When all you needed was a homestead and a rifle... you didn't need much to finance the government.