Current Events > Missouri lawmakers advance bill to eliminate corporate income tax

(+) Yeah! (+)

https://gamefaqs.gamespot.com/a/forum/1/121e0db9.jpg

Still waiting for that trickle down I see.

I wish the GOP actually wanted to go back to the 50s. When we had insanely high taxes on the rich.

Republicans are the worst people maybe outside of Nazis.

In before they start cutting social programs under the pretext that the state can't afford them.

Republicans are literally trying to destroy America.

Can we stop funding states that do dumbass things like this? Why should blue states have to subsidize extremely shitty decisions like this?

brb buying stock in Missouri corporations

just shutdown the schools then and perform no road repairs to see how pissed off parents have to take their kids to work or pay a sitter every day.

cjsdowg posted...

Republicans are the worst people maybe outside of Nazis.

https://gamefaqs.gamespot.com/a/forum/b/be899499.jpg

This just in: Jeff bozos (not a typo) is relocating from Seattle to Miami to st. Louis)

Theyll still vote republican to stick it to the liberals though.

"But paying taxes is the American way, supports the system!"

*closes door*

"How the FUCK do we get out of paying taxes? Lobby our pocket politicians"

wackyteen posted...

https://gamefaqs.gamespot.com/a/forum/1/121e0db9.jpg

Still waiting for that trickle down I see.

I wish the GOP actually wanted to go back to the 50s. When we had insanely high taxes on the rich.

The 1950s I assume you mean, rather than the 1850s which is pretty much common Republican policy nowadays.

cjsdowg posted...

Republicans are the worst people maybe outside of Nazis.

There's a distinction?

So corporations won't have to pay income taxes but I will? Yeah fuck that.

cjsdowg posted...

Republicans are the worst people maybe outside of Nazis.

Don't worry, they're closing that gap with disturbing haste.

Looks like Missouri has had a massive budget surplus over the last few years, $8 billion surplus in 2023. They have already cut individual income taxes

Budweiser AB give out their cheap beer free to GOP lawmakers get this bill

Dude we tried that in Kansas, they were literally next door watching shit fall apart...

All part of the plan to starve social services.

Dark_Arbron posted...

The 1950s I assume you mean, rather than the 1850s which is pretty much common Republican policy nowadays.

Did America have social services in the 1850s?

They'd definitely want to go back to the 1850s if that's the case

Damn corporations, they make too much money so they can't pay taxes

Oh wait, did I make a little more than I did last year? You owe double

This is the issue that matters, not a bunch of their kids getting shot because of an argument.

AngelsNAirwav3s posted...

Looks like Missouri has had a massive budget surplus over the last few years, $8 billion surplus in 2023. They have already cut individual income taxes

Are you saying that justifies cutting corporate taxes completely?

Ruvan22 posted...

Are you saying that justifies cutting corporate taxes completely?

He's a hardcore conservative so he's very much a corporate shill.

Short term smart move on their part. But this will all but cripple their stranglehold on politics in the long run.

Corporations will take advantage of this, obviously, but they'll need highly educated people to fulfill the jobs required, which will make Missouri a more desirable place to live by proxy, and ultimately more blue in the long run.

I don't know how far Republican governorship destroying the quality of life in red states needs to go in order for the citizens to realize they need to overwhelmingly reject putting Republicans in power, however I'm doubtful even this will do it.

Prove me wrong, Missourians.

actually I think there's a pretty good argument to be made for eliminating corporate taxes.

1. they're regressive, corporations just end up passing on their tax costs to consumers, which hurts the poor most of all
2. corporate taxes discourage business investment, reducing innovation and prospereity
3. large corporations exploit loopholes and often end up paying 0% in taxes anyway

i would trade a 0% corporate tax rate for like a 60% tax rate on top earners. i think low corporate tax, low capital gains tax, strong progressive income tax is probably the best of all worlds. so i can't fault missouri on this.

Mecha_Sonic posted...

actually I think there's a pretty good argument to be made for eliminating corporate taxes.

1. they're regressive, corporations just end up passing on their tax costs to consumers, which hurts the poor most of all
2. corporate taxes discourage business investment, reducing innovation and prospereity
3. large corporations exploit loopholes and often end up paying 0% in taxes anyway

i would trade a 0% corporate tax rate for like a 60% tax rate on top earners. i think low corporate tax, low capital gains tax, strong progressive income tax is probably the best of all worlds. so i can't fault missouri on this.

Lol, this dude really thinks corporations won't continue to gouge him if a corporate tax rate is cut.

Mecha_Sonic posted...

actually I think there's a pretty good argument to be made for eliminating corporate taxes.

1. they're regressive, corporations just end up passing on their tax costs to consumers, which hurts the poor most of all
2. corporate taxes discourage business investment, reducing innovation and prospereity
3. large corporations exploit loopholes and often end up paying 0% in taxes anyway

i would trade a 0% corporate tax rate for like a 60% tax rate on top earners. i think low corporate tax, low capital gains tax, strong progressive income tax is probably the best of all worlds. so i can't fault missouri on this.

Show me a country with 0% corporate income tax that is actually functional.

https://en.wikipedia.org/wiki/Kansas_experiment

Missouri is already a shithole so let's intentionally make it worse!

ClayGuida posted...

Lol, this dude really thinks corporations won't continue to gouge him if a corporate tax rate is cut.

corporate taxes are only like 5% of US revenue. i think the economic growth and development from losing that 5% would create hundreds of thousands of new jobs, lifting a lot of people out of poverty. with the new income that would generate, it would probably pay for itself. it would make the economy more productive, help the USA keep its technological edge, help repatriate some of the jobs that have shifted overseas, and safeguard american companies from buyout by foreign adversaries (e.g. china).

Mecha_Sonic posted...

corporate taxes are only like 5% of US revenue. i think the economic growth and development from losing that 5% would create hundreds of thousands of new jobs, lifting a lot of people out of poverty. with the new income that would generate, it would probably pay for itself. it would make the economy more productive, help the USA keep its technological edge, help repatriate some of the jobs that have shifted overseas, and safeguard american companies from buyout by foreign adversaries (e.g. china).

Jesus fuck

Mecha_Sonic posted...

corporate taxes are only like 5% of US revenue. i think the economic growth and development from losing that 5% would create hundreds of thousands of new jobs, lifting a lot of people out of poverty. with the new income that would generate, it would probably pay for itself. it would make the economy more productive, help the USA keep its technological edge, help repatriate some of the jobs that have shifted overseas, and safeguard american companies from buyout by foreign adversaries (e.g. china).

You realize that publicly traded corporations are legally obligated to price gouge customers, right?

Mecha_Sonic posted...

corporate taxes are only like 5% of US revenue. i think the economic growth and development from losing that 5% would create hundreds of thousands of new jobs, lifting a lot of people out of poverty. with the new income that would generate, it would probably pay for itself. it would make the economy more productive, help the USA keep its technological edge, help repatriate some of the jobs that have shifted overseas, and safeguard american companies from buyout by foreign adversaries (e.g. china).

Reagan, is that you?

Mecha_Sonic posted...

actually I think there's a pretty good argument to be made for eliminating corporate taxes.

1. they're regressive, corporations just end up passing on their tax costs to consumers, which hurts the poor most of all
2. corporate taxes discourage business investment, reducing innovation and prospereity
3. large corporations exploit loopholes and often end up paying 0% in taxes anyway

i would trade a 0% corporate tax rate for like a 60% tax rate on top earners. i think low corporate tax, low capital gains tax, strong progressive income tax is probably the best of all worlds. so i can't fault missouri on this.

The first and third points seem more "they found a way to avoid responsibility" rather than "reasons they shouldn't have responsibility". If someone is expected to complete a chore but finds ways make someone else do it/avoid it we don't say "it's fine, forget about it".

Your second point seems a broad generalization - do you have evidence that reducing their taxes to 0 would have a significant impact on innovation and "prosperity"?

UnholyMudcrab posted...

Jesus fuck

What? It will trickle down any day now!

Morons still fall for trickle down shit

Mecha_Sonic posted...

corporate taxes are only like 5% of US revenue. i think the economic growth and development from losing that 5% would create hundreds of thousands of new jobs, lifting a lot of people out of poverty. with the new income that would generate, it would probably pay for itself. it would make the economy more productive, help the USA keep its technological edge, help repatriate some of the jobs that have shifted overseas, and safeguard american companies from buyout by foreign adversaries (e.g. china).

We have decades of proof that trickle down economics isnt a real thing

Kradek posted...

Show me a country with 0% corporate income tax that is actually functional.

the UAE, kuwait, qatar, the bahamas, bermuda, monaco

Mecha_Sonic posted...

the UAE, kuwait, qatar, the bahamas, bermuda, monaco

So places ruled by kings?

TheGoldenEel posted...

We have decades of proof that trickle down economics isnt a real thing

i agree trickle down economics is bullshit. ideally i think top earners should be taxed at like 65-75%.

keep corporate taxes low to encourage investment in the united states, keep personal income taxes high to discourage robber barons from looting companies to stuff their own wallets (e.g. bain capital)

Mecha_Sonic posted...

i agree trickle down economics is bullshit.

"Just ignore all that bullshit I was saying previously"

Mecha_Sonic posted...

i agree trickle down economics is bullshit. ideally i think top earners should be taxed at like 65-75%.

keep corporate taxes low to encourage investment in the united states, keep personal income taxes high to discourage robber barons from looting companies to stuff their own wallets (e.g. bain capital)

Investment in the US is being in the US. We are one of the largest markets on earth for a reason.

What corporations have left the US and never returned?

UnholyMudcrab posted...

"Just ignore all that bullshit I was saying previously"

do you think it's great that anytime someone has a different opinion than you, you shut them down quite rudely.

maybe the world we live in isn't simple and uncomplicated. maybe virtue can exist outside of left-wing orthodoxy and right-wing orthodoxy. maybe it isn't great to turn politics into performative outrage for no reason, posturing so you can earn popularity points from other anonymous posters on a message board.

Mecha_Sonic posted...

do you think it's great that anytime someone has a different opinion than you, you shut them down quite rudely.

maybe the world we live in isn't simple and uncomplicated. maybe virtue can exist outside of left-wing orthodoxy and right-wing orthodoxy. maybe it isn't great to turn politics into performative outrage for no reason, posturing so you can earn popularity points from other anonymous posters on a message board.

Maybe your face is a stupid face.

Why isnt this illegal? Arent they sworn to represent the best interests of the people they are elected to serve?

DrizztLink posted...

Maybe your face is a stupid face.

oh shit you're right i guess i lose now D:

Mecha_Sonic posted...

do you think it's great that anytime someone has a different opinion than you, you shut them down quite rudely.

maybe the world we live in isn't simple and uncomplicated. maybe virtue can exist outside of left-wing orthodoxy and right-wing orthodoxy. maybe it isn't great to turn politics into performative outrage for no reason, posturing so you can earn popularity points from other anonymous posters on a message board.

You'll never be a billionaire. No sense shilling for them. They don't know you or care about you.

"I don't vote Democrat because all they do is cater to the elite instead of regular, everyday Americans. The Republicans understand that I will be a rich business owner some day if I'm given nothing but my bootstraps."

ClayGuida posted...

You'll never be a billionaire. No sense shilling for them. They don't know you or care about you.

lol. i'm not shilling for billionaires. i would be thrilled if billionaires didn't exist, or if there were fewer of them at least.