Should corporations pay tax?

Should corporations pay tax?

  • Yes. They should pay a flat tax rate. No loopholes.

    Votes: 74 54.4%

  • No. In order to compete globally, the corporate tax rate should be as close to zero as possible.

    Votes: 51 37.5%

  • I don't know.

    Votes: 6 4.4%

  • I don't care.

    Votes: 5 3.7%
  • Total voters
    136
Why not abolish personal income taxes and just tax businesses on their payroll and activities. Tax their disbursements and income. If you are employed or a 1099 contractor you get 100% of your salary to spend or save and all taxes are rolled into the business tax system and are the responsibility of your employer.

Businesses already collect and remit Sales tax, Employee Tax, Income Tax etc.
 
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Original article:

http://online.wsj.com/article/SB10001424052970204358004577032311610518008.html?mod=googlenews_wsj
 
Quote from nitro:

""The flat tax is typically marketed as a way to achieve drastic tax simplification — something virtually everyone favors, at least in the abstract," Blinder writes in The Wall Street Journal. "But what a flat tax would actually achieve is a drastic reduction in tax progressivity..."

http://www.newsmax.com/StreetTalk/Blinder-Flat-Tax/2011/11/14/id/417884
More...

That would be a good thing. Progressive tax rates are progressive, immoral, discriminatory.
 
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