Friday, October 6, 2017

Corporation taxes

This is a tax rate applied to corporations by the federal government. 

What's a corporation?  A business that agrees to some corporate charter allowing  them to sell shares with limited liability on the government regulated market.  The corporations involved are usually part of the New York / DC finance machine, driven by government payments and taxes.

That is a very narrow definition.  That is a collection of profit making organizations already in cahoots with government and they have already adapted the corporate tax as the fee for being part of the government trade. 

Why change the tax, one way or the other?  Businesses who like the payoff have selected to pay it, businesses who don't, elect to exit.  The residual is well enough balanced.  Leave it be.

Thus, the  miracle tax plan is bereft of SALT and a corporate tax cut.  At this point we are about to hike the field goal for the 85 yarder. Why upset the apple cart with another tax revision? Add enough debt to get us to Q2, 2018, past tax season.  Either we are in recession or we scored a 2.0% growth.

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