Lumberjacked@lemm.eeOPtoNo Stupid Questions@lemmy.world•In the US, why do we have corporate taxes instead of making everything income tax?
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1 month agoCitizens United was about corporations getting rights of people, not them paying taxes as people. I’m suggesting they should because individual tax rate is higher than corporate.
Profit. Revenue minus expenses. There are some things you wouldn’t expect, like inventory doesn’t count as an expense until you sell them. So frequently profit is actually higher than money in the bank and a lot higher than what owners get paid.