Csareo
Member
- Joined
- May 12, 2014
- Messages
- 72
- Reaction score
- 6
- Gender
- Male
- Political Leaning
- Progressive
Alright, so I have a relatively new theory, but I just want to throw it out there. I'm doing little more then thinking outside of the box, so hold the hyper criticism. I realize that the current corporate tax is broken, non-progressive, and often kills business both big and small. For several obvious reasons though, you can not simply tax a company based on base income. So here's my theory....
- Lower the corporate tax rate down to 35%.
- Install a double levy surtax.
- For every 5% of growth, add a 1% tax to the current rate.
- For every 5% loss in growth, subtract a 1% tax from the current rate.
- Have a tax ceiling of 15% on increased growth.
- Have a tax floor 10% down on subtracted growth.
- Every fiscal year, your current base income will be your new 35% rate.
Looking for feedback. This is one of my many homegrown economic systems, and I'm no master economist. The point of this, is to hit profit growth bursts, that the federal government otherwise never benefits from, while keeping failing businesses alive without substantial bailouts. I was previously disposed to targeting corporate growth, but a 1% taxation like this does little to actually break streams when compared to the 5% its being levied from.
- Lower the corporate tax rate down to 35%.
- Install a double levy surtax.
- For every 5% of growth, add a 1% tax to the current rate.
- For every 5% loss in growth, subtract a 1% tax from the current rate.
- Have a tax ceiling of 15% on increased growth.
- Have a tax floor 10% down on subtracted growth.
- Every fiscal year, your current base income will be your new 35% rate.
Looking for feedback. This is one of my many homegrown economic systems, and I'm no master economist. The point of this, is to hit profit growth bursts, that the federal government otherwise never benefits from, while keeping failing businesses alive without substantial bailouts. I was previously disposed to targeting corporate growth, but a 1% taxation like this does little to actually break streams when compared to the 5% its being levied from.