Re:Netflix paid just 1.1 percent in Federal Tax
by csomar on Thursday February 03, 2022 @01:11PM
(#30196209)
Technically, corporations pay taxes. Practically, only individuals pay taxes.
The Tax system is built on the foundation of maximizing profit (ie: squeeze as much from the population as it can). Theoretically, we should only have a single tax: The income tax. At the end of the year, each citizen reports his income and pays his due.
In reality, people will probably won't pay much in such a system and will protest their "high taxes". It is much easier, then, to tax the big, evil, rich corporation. It makes it look like people are paying less taxes when they are paying all the taxes.
In more modern and developed systems, taxes are mainly used to control the economy rather than raise funding. The government giving solar producers a tax break is the equivalent of the communist system deploying a program to produce solar panels.
The Tax system is built on the foundation of maximizing profit (ie: squeeze as much from the population as it can). Theoretically, we should only have a single tax: The income tax. At the end of the year, each citizen reports his income and pays his due.
In reality, people will probably won't pay much in such a system and will protest their "high taxes". It is much easier, then, to tax the big, evil, rich corporation. It makes it look like people are paying less taxes when they are paying all the taxes.
In more modern and developed systems, taxes are mainly used to control the economy rather than raise funding. The government giving solar producers a tax break is the equivalent of the communist system deploying a program to produce solar panels.