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we shouldnt be taxing corporations to begin with. attract to corporations for their jobs. hit them up with fees for actual government expenses. collect revenue from the income of the employees.
we shouldnt be taxing corporations to begin with. attract to corporations for their jobs. hit them up with fees for actual government expenses. collect revenue from the income of the employees.
Good suggestion. I like it. By simply doing business in the state, the corporation is already doing New Jersey and its residents a huge favor. There should be no corporate taxation at all. How green a pasture would we become if that were the case?
Assume we eliminate the state corporate tax, how do we make up the revenue loss? We need to answer that before considering somethink like this.... it should be READY AIM FIRE, not READY FIRE AIM
Assume we eliminate the state corporate tax, how do we make up the revenue loss? We need to answer that before considering somethink like this.... it should be READY AIM FIRE, not READY FIRE AIM
It would almost certainly attract more businesses to NJ. That would lead to all kinds of good.
Assume we eliminate the state corporate tax, how do we make up the revenue loss? We need to answer that before considering somethink like this.... it should be READY AIM FIRE, not READY FIRE AIM
its not possible for anyone much less us here to quantify accurately. but i can pull an obama and say "doing this will create 1 million new jobs!"
In the here and now, the state has around 94 billion dollars of debt, plus it needs additional tax revenue to operate every single year. The states yearly revenue is around 80 billion.
How can the state afford tax breaks when it is swimming in debt?
What is your solution to fix the existing problem? You are talking about idealogy, but it brings no solution to the table. "Aggressive tax cuts" are not feasible when the state is in such poor shape
At some point you gotta stop crying over spilled milk, realize what the situation is, and work out a way to fix it
Assume we eliminate the state corporate tax, how do we make up the revenue loss? We need to answer that before considering somethink like this.... it should be READY AIM FIRE, not READY FIRE AIM
We do not need to make up for the revenue loss. We need to eliminate illegitimate government functions. The revenues should not be generated in the first place, so cutting them should have no effect, other than restoring a proper balance that should have been there in the first place. Let's FIRE and see what happens. The READY, AIM part in this context is just an excuse to maintain the illegitimate and unworkable statist/collectivist status quo.
its not possible for anyone much less us here to quantify accurately. but i can pull an obama and say "doing this will create 1 million new jobs!"
Or a Bush and say "reducing taxes on job creators will free up money for them to hire more workers."
Works both ways... at least be honest about that.
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