The issue of corporate taxes comes down to a single straightforward principle for me:
Remove person status from corporations; then, and only then can you, and should you, remove corporate taxes.
If you do not remove corporate person status, then corporations can pay income tax like the rest of we persons.
Some people argue against corporate taxes on the basis that shareholders already pay income tax.
That argument misses the point. Corporations have been deemed in law to be entities separate from their shareholders. With such status come certain rights and obligations. You can't and shouldn't have it both ways.
I see this as a justice or equity issue. The continuation of person status to corporations together with the simultaneous reduction of their income taxes is a form of corporate welfare and bailout.
Remove person status from corporations. Then I'll wholeheartedly support outright elimination of corporate taxes.
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