my corporate taxation idea

[mek42]

Leave them like they are now, except, for businesses that employ greater than 90% of their workforce (excluding sales staff*) US citizens are completely exempt from corporate income tax.  Businesses claiming to fall into this category but actually employing less than 80% their entire non-sales workforce US citizens get penalized in the form of double whatever their corporate taxes are.

On the state level, allow businesses employing more than 90% their non-sales workforce as state residents exempt from any state income taxes.

* Overseas sales staff implies that product and/or services are being exported, thus promoting a positive balance of trade.  This plan allows for native foreign sales staff to be freely hired if useful to promote this positive balance of trade.

[Manedwolf]

So you'd make US corporations completely unable to compete in the world marketplace?

Cool. They'd all flee to Dubai. Every one.

[The Annoyed Man]

As far as I can see, corporations do not pay taxes, they merely collect them.  More taxes on Big Oil?  Be prepared to see them collected at the pump.  Only on overseas activity?  Manedwolf nailed it. 

The same arguments apply within the USA.  When Buck Knives fled California, they were to have settled in Oregon.  We lost them when their analysts determined that the socialists and other whackos in Salem are too great a risk.  A regulatory burden is as good as a tax and those extra costs must be extracted from consumers, thus effecting competitiveness.  Buck is reportedly quite happy in their new Idaho home.

[The Annoyed Man]

Yeah, yeah, yeah, think twice, proof read thrice, post once.  Sorry folks.

[taurusowner]

So you'd make US corporations completely unable to compete in the world marketplace?

Cool. They'd all flee to Dubai. Every one.

THIS.  Mandewolf, you win 1 internets.

[K Frame]

Moving to Round Table.

[The Annoyed Man]

Leave them like they are now, except, for businesses that employ greater than 90% of their workforce (excluding sales staff*) US citizens are completely exempt from corporate income tax.  Businesses claiming to fall into this category but actually employing less than 80% their entire non-sales workforce US citizens get penalized in the form of double whatever their corporate taxes are.

On the state level, allow businesses employing more than 90% their non-sales workforce as state residents exempt from any state income taxes.

* Overseas sales staff implies that product and/or services are being exported, thus promoting a positive balance of trade.  This plan allows for native foreign sales staff to be freely hired if useful to promote this positive balance of trade.

I think your idea will just create a booming new market in fake documentation and database hacking.

[Werewolf]

<shakes head in wonderment>

Why some people think government regulation and social engineering with the tax code does anything but muck things up bewilders me.

Ronald Reagan said it best: Government isn't the solution - it's the problem.

[Gowen]

All taxes placed on any business are passed along to the consumer.  You could tax a business 90% and they would only raise their prices to maintain the same prophet margin.

[Perd Hapley]

You could tax a business 90% and they would only raise their prices to maintain the same prophet margin.

Because every company is interested in keeping a good supply of prophets on hand.