Can anyone explain how eliminating deductions but lowering the tax rate for corporations gives them more money?
Let's see; more deductions with a higher tax rate on corporations or fewer deductions with a lower tax rate on corporations? Does the company have more money either way? Or is this just a scheme to increase profits that are available to be paid out of investors? Read: Leaving the company and not creating jobs.
Asked By: - 11/26/2010
Best Answer - Chosen by Asker
I can't, but making it even more complex sure keeps accountants employed.
Answered By: Nikki - 11/26/2010
Additional Answers (7)
I am a liberal, as we all know... More
Answered By: D.R. The East Coast Elitist - 11/26/2010
profits that can ad tax revenue are like an invisible concept to liberals
Answered By: Proud Vet - 11/26/2010
If corporations are taxed, their dividends will not allow file 1040 to be filled in correctly after filing a 450. This could damadge the fiscal economy and cause a chapter 11.
Answered By: Troll Account 1 - 11/26/2010
Ah, straight off the NY Times interactive doohickey I recommended and two people used... More
Answered By: Entropy - 11/26/2010
It might leave more money in the hands of the corporations. It might not... More
Answered By: Socky - 11/26/2010
dude...sssh,do not tell anyone...corporate tax is not paid by corporations,it is PASSED ON to the end buyers of their products or services.the public has been stupefied by the liberal rulers far too long. wake the frig up ! hmmmm, the public school system at its best...
Answered By: Allan Palmer - 11/26/2010
It may or may not give them more money but business' will be able to make decisions based on what their business needs to be better rather than be manipulated by the tax code into doing things that they wouldn't normally do for a prosperous business,
Answered By: constitution rules - 11/26/2010
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