Finally an honest way to simplify corporate taxes
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1   zzyzzx   ignore (1)   2017 Nov 16, 8:56am   ↑ like (0)   ↓ dislike (0)     quote      

Suppose that instead of paying income taxes each year, corporations were required to turn over a portion of their stock to the government, let's say 25 percent, in the form of non-voting shares.

That's fucked up, even if it's only a one time thing.
2   anon_8f378   ignore (0)   2017 Nov 16, 9:02am   ↑ like (0)   ↓ dislike (0)     quote      

That is a very interesting idea.
3   anon_13ce6   ignore (0)   2017 Nov 16, 9:09am   ↑ like (1)   ↓ dislike (0)     quote      

anon_8f378 says
That is a very interesting idea.


Interesting, yet fucked up. Some pros maybe but unknown and yuge cons.
4   anon_8f378   ignore (0)   2017 Nov 16, 9:41am   ↑ like (0)   ↓ dislike (0)     quote      

anon_13ce6 says
Interesting, yet fucked up. Some pros maybe but unknown and yuge cons.


What are the cons in your opinion?
5   HEY YOU   ignore (7)   2017 Nov 16, 9:49am   ↑ like (0)   ↓ dislike (0)     quote      

Any Republican that supports any tax is a redistribution socialist.
They have no counter argument.
6   Satoshi_Nakamoto   ignore (0)   2017 Nov 16, 10:37am   ↑ like (0)   ↓ dislike (0)     quote      

anon_8f378 says
anon_13ce6 says
Interesting, yet fucked up. Some pros maybe but unknown and yuge cons.


What are the cons in your opinion?


1) 25% of stock is a huge leverage, even if the shares are non-voting. The simple threat of suddenly dumping all (or part of it) on the market can be used to sway the management whichever way necessary.

2) If stock doesn't pay dividends, how will the goverment get its "taxes"? By selling part of the holdings? But this would lead to diminishing (and eventually disappearing) govt's stake. Wouldn't that mean that all the companies will eventually become "tax-free"? Wouldn't this tilt the markets in favor of old companies at the expense of new ones?

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