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Response to kpete (Original post)

Sun May 26, 2013, 10:43 AM

3. There is something amusing...

There is something amusing about lawmakers complaining about a company following the laws that they wrote. If they don't like the rules, they should change them, not badger companies following them.

Honestly, the best fix would be to replace the corporate income tax with taxes on corporate income at the shareholder level. People pay taxes, not corporations. When you tax a corporation, they collect it and remit it, but they pass those costs along. They get passed along as higher prices (typically regressive) and lower profits to shareholders (typically progressive). It seems to me that it would be better to just tax the corporate profits at the shareholder level. We tax internationally earned income, so running your business in Ireland wouldn't help.

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