Skorpius
Active member
- Joined
- Dec 5, 2014
- Messages
- 262
- Reaction score
- 78
- Location
- USA
- Gender
- Male
- Political Leaning
- Centrist
Despite what many people envision of businesses, at the end of the day, people will have to pay taxes on behalf of a business- whether it be shareholders or employees:
A Corporate tax essentially becomes a fixed cost to run a business.
It may be a better option to completely cut the corporate tax, but increase the marginal income tax rate of the top X%.
But what about capital gains? Doesn't this affect a lot of shareholders in the middle class as well as the upper class? Wouldn't we increase incentive to invest without it? Couldn't we simply increase income taxes to make up for the lost capital gains revenue? Or are there unintended consequences of doing so?
A Corporate tax essentially becomes a fixed cost to run a business.
It may be a better option to completely cut the corporate tax, but increase the marginal income tax rate of the top X%.
But what about capital gains? Doesn't this affect a lot of shareholders in the middle class as well as the upper class? Wouldn't we increase incentive to invest without it? Couldn't we simply increase income taxes to make up for the lost capital gains revenue? Or are there unintended consequences of doing so?