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cthulu2016

(10,960 posts)

8. Because that would be a FEE

Reply to yurbud (Original post)

Tue Jul 30, 2013, 08:14 PM

Jul 2013

If a corporation loses money *for real* there's no reason for it to pay taxes.

Tightening loopholes can prevent a profitable company from being unprofitable on paper for tax purposes, but some companies do actually lose money or make very little, and they should not be taxed merely for existing.

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On Obama's tax proposal: why not just propose a MINIMUM tax corporations must pay? [View all] yurbud Jul 2013 OP

What about small corps? NoOneMan Jul 2013 #1

It need not be a minimum dollar amount FBaggins Jul 2013 #2

Rate on what? NoOneMan Jul 2013 #3

Either could work FBaggins Jul 2013 #5

Gross. Far too many Hollywood movie studio accounting tricks exist to show no profit. LonePirate Jul 2013 #9

Well, if your talking about reform, seems like those tricks arent a bad place to get started NoOneMan Jul 2013 #10

set a minimum size for the minimum tax like they do with the estate tax yurbud Jul 2013 #4

Yeah, thats an idea NoOneMan Jul 2013 #6

You could still set up a LLC if you wanted to have corporate income taxes. Travis_0004 Jul 2013 #7

Because that would be a FEE cthulu2016 Jul 2013 #8

It could be on profits.. even the first $100,000 could be tax free Motown_Johnny Jul 2013 #11

They would scream bloody murder. They'll send jobs overseas, blah, blah, blah B Calm Jul 2013 #12

Minimum Tax = Flat Tax... KharmaTrain Jul 2013 #13