The Soapbox

hoolstoptheheels

Joined: 01/04/2001 Posts: 27042
Likes: 34319


It also depends on what people use as the denominator.


Those favoring higher statutory rates like to use revenues as the denominator, and refer to deductions for business expenses as "loopholes". That bolsters the political argument that corps are getting away with murder.

But of course, the denominator should be net income. And the issue should be economic competitiveness with other jurisdictions that will be only too happy to collect taxes on the revenues of multi-nationals that prefer the good old fashioned business practice of minimizing expenses. Including taxes.
[Post edited by hoolstoptheheels at 11/20/2017 10:19AM]

(In response to this post by Hokie5150)

Posted: 11/20/2017 at 10:09AM



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The end of all economic sanity. -- CobhamHoo 11/20/2017 08:46AM
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