quote:
"Or how about this (I agree with chuck BTW) - we go with the flat and no deductions, and EVEN apply it to corporations?"
Because since corporations contain individuals, that results in double taxation, once when the money comes in the door and again when it is disbursed to those who own the corporation.
Now double taxation of the same resources may be OK by some, but it's not to me, so I'll oppose it, and do oppose it because it already happens.
Corporations are treated as individuals because they are composed of individuals, and you do not lose your right to free speech, free enterprise, or self ownership when you go to work or own a piece of a corporation.
Sorry mtngoat, but I gotta call BS on the "double taxation" argument when it is used to suggest that each dollar that flows through the economy can only be taxed once - that is a preposturously impossible standard and that term is only used to incite anti-tax sentiment (not that there is anything wrong with that-just get a valid argument). My one example, and doesn't take much to think of many more, when I make a buck, it is taxed as income, and again when it used to purchase (sales tax) and again by the person who sold me, and on down the line. Money is taxed double, triple, and an infinite number of times as it passes from hand to another. The argument that corporations cannot be taxed like individuals because it would be double taxation is really weak.
How about this though - require corporations to pay ALL taxes, and indivudals don't have to so we can avoid double taxation?
Don't know where you got on the free speech issue, it's not mine. I do believe, as others have posted, that if corporations are going to be treated as individuals, they should get treated as one, and if it means throwing the collective of corporate indivuals in the joint for crimes an ordinary "non-corporate" indivudal would do time for, so be it. The corporate shield should not be allowed to protect individuals from responsibility for crimes.
Sorry for missing another good Muir on Saturday thread, but after all, it snowed.