Re:Will there be 50B+ in student loan delinquencies in US?
by ijustlovemath on Saturday August 10, 2024 @12:08AM
(#41207258)
Because then they could do accounting to make it look like they're never earning money, and still get taxed nothing.
Re:Will there be 50B+ in student loan delinquencies in US?
by scarmig on Saturday August 10, 2024 @12:19AM
(#41207293)
The point is that they would be able to earn money without being taxed money anyway. It'd mean fewer accounting tricks, or none.
Those would be shifted to individuals. You'd see an uptick in high earners trying to avoid taxes. It's just a question of whether high earners would be better or worse at hiding income than corporations.
Re:Will there be 50B+ in student loan delinquencies in US?
by _heimdall on Sunday August 11, 2024 @08:17AM
(#41215654)
Taxing income rather than profit would actually account for that. I'm not sure I'd want to see that change, but you can't employ clever accounting to hide income like you can hide profits.
All of the money that corporations earn (and would be taxed on this way) will always be taxed as income before it's distributed to an individual, after all, no? Corporate tax never fully made sense to me.