Eliminate the Corporate Income Tax?

Following up on a previous discussion, I look forward to delving into this since it support my plan for eliminating corporation taxes.

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About Connie Stinson

Connie Stinson is a lawyer/talk show host who dabbles in the arts of strained analogies, forced humor, and poor spelling. In his spare time Mr. Stinson enjoys charcoal BBQ, as well as any and all things related to humor. He is currently working on his second book, "Look at You, You're a Mountain: A Retrospective On Hogs and the Men Who Love Them."
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4 Responses to Eliminate the Corporate Income Tax?

  1. RA Dickey Simpkins says:

    the only pursausive argument here is that the corp tax causes debt financing over equity. but thats not a fault of the corp tax, its a fault inherent to our tax system and can be fixed without kiling the corp tax.

    the rest of this guy’s arguments are bogus. you actually can seperate shareholders from the corp because dividend payments often don’t happen. if we just had dividend payments, corps would just hoard. almost every civilized country in the world has a corporate income tax.

  2. RA Dickey Simpkins says:
  3. Resources spent on corporate tax avoidance are certainly a negative drag on the economy that are a result of the corporate tax. Its hard to argue that my job for instance has any net benefit for the economy. So she at least has one other valid point.

    You’re right though about the hoarding issue, I wonder how big a deal this actually is. Wouldn’t share holders push for dividends?

    Also, isn’t cash hoarding kind of contrary to the nature of a lot major corporations? In the current environment, a lot of firms aren’t reinvesting their capital, I think largely because they don’t have faith in the soundness of the economy. So you could argue that taxation is actually somewhat helpful in that the government will definitely spend the money, but I don’t think that Microsoft would just take the extra 35% and hoard it, they probably spend it on investment.

    One particularly ridiculous point is that this would reduce corporate lobbying. Really? Wouldn’t major companies now have more money to devout to lobbying on other issues because (a) they’d be keeping 35% more of their profits; and (b) they wouldn’t have to devote any resources to tax lobbying. Certainly doesn’t mean that they wouldn’t just start sending that money to weakening environmental regulations.

  4. I enjoyed the redacted comments from Dickey as well:

    “honestly connie, this article sucks horse cock. there are some good arguments to repeal the corporate income tax, but this is no better than me typing a rant at 2am on a friday kind of drunk.

    make your own arguments, don’t link to shitty articles. thanks.”

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