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No money is spent on tax deductions. The government doesn't actually GIVE anyone any money for a tax deduction. It just means that they get to keep more of what THEY earned. That's where your logic fails.
Revenue is sacrificed through tax deductions, get a clue.
Isn't it amazing when it's their own money, suddenly they have no desire to do so, but when it's other peoples money, they better fork it over!
I pay taxes, so I pay for corporate tax credits, corporations sheltering income offshore, Capital gains, dividends, and debt which all get favorable treatment in the tax code, and I pay for the carried interest tax loophole.
I am paying for them because if those loopholes and credits did not exist, I would pay less in taxes. but that I could go on, but I'm sure you will try to reduce the argument to a claim that those forms of redistribution's are legitimate, but that giving a crappy cellphone to a poor or homeless person is a theft of "your money".
I pay taxes, so I pay for corporate tax credits, corporations sheltering income offshore, Capital gains, dividends, and debt which all get favorable treatment in the tax code, and I pay for the carried interest tax loophole.
I am paying for them because if those loopholes and credits did not exist, I would pay less in taxes. but that I could go on, but I'm sure you will try to reduce the argument to a claim that those forms of redistribution's are legitimate, but that giving a crappy cellphone to a poor or homeless person is a theft of "your money".
There's plenty of loopholes and credits for individuals as well.
You would not be paying a penny less if the corporate tax structure changed.
Individual tax vs corporate taxes are two separate buckets.
I pay taxes, so I pay for corporate tax credits, corporations sheltering income offshore, Capital gains, dividends, and debt which all get favorable treatment in the tax code, and I pay for the carried interest tax loophole.
I am paying for them because if those loopholes and credits did not exist, I would pay less in taxes. but that I could go on, but I'm sure you will try to reduce the argument to a claim that those forms of redistribution's are legitimate, but that giving a crappy cellphone to a poor or homeless person is a theft of "your money".
Actually it is.
The Universal Service Charge has gone from 10% (2007) to 18.2% (2016).
There's plenty of loopholes and credits for individuals as well.
You would not be paying a penny less if the corporate tax structure changed.
Individual tax vs corporate taxes are two separate buckets.
Tax expenditures make for a big bucket.
Quote:
“Tax expenditures” are subsidies delivered through the tax code as deductions, exclusions, and other tax preferences. Tax expenditures reduce the amount of tax that households or corporations owe. To benefit from a tax expenditure, a taxpayer must undertake certain actions or meet certain criteria. For example, some households that have a mortgage can reduce their taxes by claiming a tax deduction for their spending on mortgage interest, and corporations can receive a tax subsidy for investing in machinery.
In fiscal year 2015, tax expenditures reduced federal income tax revenue by over $1.2 trillion, and they reduced payroll taxes and other revenues by an additional $128 billion.
Revenue is sacrificed through tax deductions, get a clue.
BS. When a company receives lower revenue than expected, is that because they gave or "redistributed" their money to their customers/clients? No, it is not.
Revenue is sacrificed through tax deductions, get a clue.
The USG will never be happy with what it gets.
The USG spends more than it takes it..always has and always will.
Giving the government more money will not make life better.
You give Uncle Sam $1 and by the time salaries are taken out you have less than $.10 that go to the people.
BS. When a company receives lower revenue than expected, is that because they gave or "redistributed" their money to their customers/clients? No, it is not.
that's a non-sequitur.
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