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mjvpi

(1,568 posts)
Wed Sep 6, 2017, 01:18 AM Sep 2017

When the tax reform issue comes up, Dems should expand on the concept of corporations are people.

My understanding is that the constitution does not allow laws to protect or persecute certain groups of people. So if corporations are people their tax rares should be exactly the same as all of the other citizens. They should not be afforded special tax breaks. If they can use their personhood to make unlimited contributions to our elections in order to protect their free speech, then they should be taxed as any other citizen, not as a special class of person. They can't have it both ways.

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When the tax reform issue comes up, Dems should expand on the concept of corporations are people. (Original Post) mjvpi Sep 2017 OP
Democrats need to focus on getting their shit together leftofcool Sep 2017 #1
Yes, and they need to figure out how to do it Warpy Sep 2017 #2
Interesting perspective... cbreezen Sep 2017 #3
Very good!.... That msg. would certainly rattle the oligarchy... Lostnote Sep 2017 #4
And if they are separate people from their owners greymattermom Sep 2017 #5
Under current law, most corporations do owe separate taxes. Jim Lane Sep 2017 #9
We could reinstate the draft! KY_EnviroGuy Sep 2017 #6
How about offsetting Federal Funding for State/Local Corporate Tax Breaks modrepub Sep 2017 #7
Good luck. If I hire a lawn contractor, not deductible. Business hires one? Deductible. lostnfound Sep 2017 #8

leftofcool

(19,460 posts)
1. Democrats need to focus on getting their shit together
Wed Sep 6, 2017, 01:21 AM
Sep 2017

They need to think about getting people out there to run for office that can actually win. Democrats actually.

Warpy

(113,130 posts)
2. Yes, and they need to figure out how to do it
Wed Sep 6, 2017, 01:37 AM
Sep 2017

in spite of a corrupt, corporate press that is hostile to them.

greymattermom

(5,794 posts)
5. And if they are separate people from their owners
Wed Sep 6, 2017, 04:04 AM
Sep 2017

they owe separate taxes too, at the same tax rates that other people pay.

 

Jim Lane

(11,175 posts)
9. Under current law, most corporations do owe separate taxes.
Wed Sep 6, 2017, 10:25 AM
Sep 2017

This is a feature of the tax system that's sometimes criticized. The corporation makes a profit and pays taxes on that. Then, with what's left, it makes a distribution to its owners (the shareholders), and they pay taxes on what they receive. It's been attacked as double taxation.

Of course, when I write that the corporation "pays" taxes, that's shorthand for the theoretical tax rate that's on the books. How much is actually paid is a different question.

A few corporations are set up as Subchapter S corporations. They pay no taxes, but their net income is imputed to their owners as individual income, whether or not there's an actual distribution. That's a fairer treatment, and would be even more so if the individual tax rates were restored to the progressivity they once had.

KY_EnviroGuy

(14,595 posts)
6. We could reinstate the draft!
Wed Sep 6, 2017, 05:23 AM
Sep 2017

Send Goldman Sachs and GE to war, LOL.

I prefer to end all corporate contributions, PAC money, TV ads and corporate lobbying, and to apply strict limits on individual contributions. Force candidates back to mailing brochures and doing door-to-door campaigns! I'm also a dreamer.

modrepub

(3,620 posts)
7. How about offsetting Federal Funding for State/Local Corporate Tax Breaks
Wed Sep 6, 2017, 05:47 AM
Sep 2017

Remove federal funding to state and local governments who give tax breaks to corporations to move into their state or district. If Charlie the Pizza Store owner can't get a tax break then why should a mega corporation be forgiven years of taxes just to open shop?

lostnfound

(16,651 posts)
8. Good luck. If I hire a lawn contractor, not deductible. Business hires one? Deductible.
Wed Sep 6, 2017, 07:10 AM
Sep 2017

Tons of expenses are deductible For business but not for individuals.

Broadly speaking, businesses pay on net income; indivuals pay on grosss income.

And there's no sales tax to pay when you buy stock, either.

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