The tax being on your income and not entirely on corporations always felt like a fairly biased distinction. If companies paid the entire income tax long before it got to you, and you were simply paid ~2/3rds as much, I feel like people’s opinions would be different despite not much changing.
Tax laws are usually made to make it easy to collect, hard to dodge taxes.
If companies pay all the tax I could create a company, invoice my current employer, pay myself a salary that is equal to the entire profit margin. There is nothing left to tax.
You could try to patch the loophole but then you’ll break down something else.
That sounds backwards to me. If companies are paying all the taxes, why would you insert a second company into the chain? Then both companies would be paying a tax portion, and your salary would be that much less than if you just had a job.
Or were you thinking that you could bamboozle the government out of the tax revenue by saying “Oops, no profit! Salaries cost too much!”? I don’t think that would work unless the entire structure was built with one directive in mind: “Reward Hollywood accounting”
The tax being on your income and not entirely on corporations always felt like a fairly biased distinction. If companies paid the entire income tax long before it got to you, and you were simply paid ~2/3rds as much, I feel like people’s opinions would be different despite not much changing.
Tax laws are usually made to make it easy to collect, hard to dodge taxes.
If companies pay all the tax I could create a company, invoice my current employer, pay myself a salary that is equal to the entire profit margin. There is nothing left to tax.
You could try to patch the loophole but then you’ll break down something else.
That sounds backwards to me. If companies are paying all the taxes, why would you insert a second company into the chain? Then both companies would be paying a tax portion, and your salary would be that much less than if you just had a job.
Or were you thinking that you could bamboozle the government out of the tax revenue by saying “Oops, no profit! Salaries cost too much!”? I don’t think that would work unless the entire structure was built with one directive in mind: “Reward Hollywood accounting”