Eliminate Corporate Taxes

Eliminate Corporate Taxes

(= Massive Foreign Investment into the U.S.A.)

All taxes paid by Corporations and expenses associated with complying with IRS regulations are added to the purchase price of everything they sell.

It is the PURCHASER who bears the financial burden for running our government and paying down the National Debt.

Elimination of Corporate Taxes will reduce this "COST OF DOING BUSINESS" that is added to the purchase price.

So, AT THE END OF THE DAY, Corporations DO NOT PAY TAXES, their consumers do.

Benefits:

1. Lower Prices for Consumers = More discretionary money for them to spend on goods and services.
   
2. Corporate Tax Deductions aimed at improving the health and further growth investment of Corporations would be eliminated.. however, the costs saved by not needing to comply to IRS regulations would improve their bottom line for growth investment. Immense savings would be gotten by eliminating all tax accountants, tax lawyers, and associated facility expenses which could be used for GROWTH.
3. The people displaced by this move have the skills and abilities to provide Corporations with cost saving budgets and processes. Another GROWTH activity... Lean and Mean. New Foreign Investors would compete to hire displaced tax attorneys, tax accountants, and tax related employees because of a shortage in the work force.
4. Less government expense managing Corporate Taxes = more money for the government to use in more productive endeavors such as improving EPA monitoring of environmental issues  (which I believe should be handled by the States. Why?, Because the cleanest states would compete against other states for quality of life for corporate employees.)
5.  A more simplified system that would free up an immense amount of time for Corporations and individuals to create new technology, provide better services, and SPEND MONEY, It is only when money is spent that all taxes are actually paid to the governments: Federal, State, and Local.
6. NO CORPORATE TAXES would cause a MASSIVE INFLUX of FOREIGN INVESTMENT into the U.S.A. thereby reducing the number of unemployed and increasing the competition for employees = Higher wages and benefits. Massive foreign investment would mean more purchases = more money for the government coffers.
7. Happier, less stressed citizens at all levels = lower Medicare and Medicaid and other entitlement costs such as unemployment.

An Exercise in Upside Down Thinking

 Let's Tax Savings

(Savings is defined as money that does not flow and assets that do not aid in the flow of money.. Savings just sits there.)

---- Everyone should know by now that ALL TAXES ARE PAID BY THE PURCHASER -----
(For those of you that don't know this, I'll explain.. All items sold has a "cost of doing business" added to the purchase price. The cost of doing business includes corporate taxes.)

Money in a mattress does no one any good except for the "owner" who sleeps on it feeling secure.

Our current tax system taxes the flow of money.  Taxing the flow of money  slows down the economy.

Let's think about doing something completely different... Let's tax all money and assets that do not promote the FLOW of money.

I'm not suggesting going whole hog at this... there has to be some savings, but how much?
I suggest a percentage threshold, below which savings and idle assets are not taxed; above which is taxed.

Let's assume there is an optimum balance between the amount of money in "savings" and the amount of money that is flowing (being spent).  If the right ratio of savings versus spending was found, a dollar would remain a dollar: no inflation, no deflation. Everything owned, both savings and money promoting assets could be passed on to heirs without any devastating results.

The optimum process would grow both sides of the equation.  Savings would grow as the economy grows.

Of course, this plan has all the trappings of complicating itself like our current tax code. But the change would promote the economy instead of  hinder it.