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It's a long way from "Flat Tax Maybe Not Good" to "Proletariat, Seize the Means of Production Now!"
By your logic, Eisenhower's America was communist because income tax was much more progressive than today.
So I pay more taxes than one of the highest-valued companies in the world? sure the system works well
Corporate tax is quite misunderstood in my opinion. Tesla makes revenue, and they have costs. Their revenues are offset by their costs. Any profit Tesla makes is eventually taxed -- either when Tesla shareholders sell appreciated stock, when the company makes distributions or when they liquidate. Corporate tax only applies to un-distributed profits carried forward from year to year instead of invested into the busine…
Then you can also take loans based off of that to make sure you never have to pay taxes again.
Earlier quoted context omitted.
Corporate tax is quite misunderstood in my opinion. Tesla makes revenue, and they have costs. Their revenues are offset by their costs. Any profit Tesla makes is eventually taxed -- either when Tesla shareholders sell appreciated stock, when the company makes distributions or when they liquidate. Corporate tax only applies to un-distributed profits carried forward from year to year instead of invested into the busine…
Oh yea share buybacks are very nice costs for a lot of companies. Then you can also take loans based off of that to make sure you never have to pay taxes again.
> Then you can also take loans based off of that to make sure you never have to pay taxes again.
You can borrow against the after tax amount yes, you'll pay interest on it and when you die, you will pay the capital gains. On your final tax return, you are required to pay taxes on all of the capital gains you up to your departure. This resets the tax basis for your heirs.
So I pay more taxes than one of the highest-valued companies in the world? sure the system works well
Only the population pays taxes before their costs.
Tax breaks for executive options ?!
Difficult to tie this to executives versus shareholders. Options are taxed.
So I pay more taxes than one of the highest-valued companies in the world? sure the system works well
Corporate tax is quite misunderstood in my opinion. Tesla makes revenue, and they have costs. Their revenues are offset by their costs. Any profit Tesla makes is eventually taxed -- either when Tesla shareholders sell appreciated stock, when the company makes distributions or when they liquidate. Corporate tax only applies to un-distributed profits carried forward from year to year instead of invested into the busine…
Feels like a fatal flaw in the law if you can bypass paying the corporate taxes in that way.
That is individual tax - not the tax payed by the corporation. Normally the tax is payed twice. Tax from the corporation profits and then the individual employee/shareholder tax based on their income.
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These titles don't exactly sound communist to me... It's a long way from "Flat Tax Maybe Not Good" to "Proletariat, Seize the Means of Production Now!" By your logic, Eisenhower's America was communist because income tax was much more progressive than today.
Then we have a very different understanding. And yes the post war heist that destroyed long term economic common sense all over the western world turned into a permanent ongoing shakedown
Earlier quoted context omitted.
Corporate tax is quite misunderstood in my opinion. Tesla makes revenue, and they have costs. Their revenues are offset by their costs. Any profit Tesla makes is eventually taxed -- either when Tesla shareholders sell appreciated stock, when the company makes distributions or when they liquidate. Corporate tax only applies to un-distributed profits carried forward from year to year instead of invested into the busine…
> either when Tesla shareholders sell appreciated stock, when the company makes distributions or when they liquidate. Feels like a fatal flaw in the law if you can bypass paying the corporate taxes in that way. That is individual tax - not the tax payed by the corporation. Normally the tax is payed twice. Tax from the corporation profits and then the individual employee/shareholder tax based on their income.
I guess you could make a case for double-taxation but... why?
So I pay more taxes than one of the highest-valued companies in the world? sure the system works well
Corporate tax is quite misunderstood in my opinion. Tesla makes revenue, and they have costs. Their revenues are offset by their costs. Any profit Tesla makes is eventually taxed -- either when Tesla shareholders sell appreciated stock, when the company makes distributions or when they liquidate. Corporate tax only applies to un-distributed profits carried forward from year to year instead of invested into the busine…
So I pay more taxes than one of the highest-valued companies in the world? sure the system works well
Corporate tax is quite misunderstood in my opinion. Tesla makes revenue, and they have costs. Their revenues are offset by their costs. Any profit Tesla makes is eventually taxed -- either when Tesla shareholders sell appreciated stock, when the company makes distributions or when they liquidate. Corporate tax only applies to un-distributed profits carried forward from year to year instead of invested into the busine…