I might be wrong but I think people would gladly pay 50% of their income as tax if it meant they would get their basic needs met and see the money be put to a good use. Imagine getting just half your pay but be able to fully use it on whatever you want and not have to worry about food and rent. Or at least that’s what I’d like to believe.
Where I live a majority of the voters are generally okay with high taxes (35%-50%) as long as it’s only shared with other people who works and pays taxes.
Plenty of people think they’re already getting more than they need and anyone who says otherwise is just pretending to be ill to get a free ride at the taxpayers’ expense, and could just get a job if they wanted. The right wing press pushes this narrative and people fall for it.
The tax being on your income and not entirely on corporations always felt like a fairly biased distinction. If companies paid the entire income tax long before it got to you, and you were simply paid ~2/3rds as much, I feel like people’s opinions would be different despite not much changing.
Tax laws are usually made to make it easy to collect, hard to dodge taxes.
If companies pay all the tax I could create a company, invoice my current employer, pay myself a salary that is equal to the entire profit margin. There is nothing left to tax.
You could try to patch the loophole but then you’ll break down something else.
That sounds backwards to me. If companies are paying all the taxes, why would you insert a second company into the chain? Then both companies would be paying a tax portion, and your salary would be that much less than if you just had a job.
Or were you thinking that you could bamboozle the government out of the tax revenue by saying “Oops, no profit! Salaries cost too much!”? I don’t think that would work unless the entire structure was built with one directive in mind: “Reward Hollywood accounting”
I might be wrong but I think people would gladly pay 50% of their income as tax if it meant they would get their basic needs met and see the money be put to a good use. Imagine getting just half your pay but be able to fully use it on whatever you want and not have to worry about food and rent. Or at least that’s what I’d like to believe.
Where I live a majority of the voters are generally okay with high taxes (35%-50%) as long as it’s only shared with other people who works and pays taxes.
And what about the less fortunate? The infirm and disabled? They can rot?
Plenty of people think they’re already getting more than they need and anyone who says otherwise is just pretending to be ill to get a free ride at the taxpayers’ expense, and could just get a job if they wanted. The right wing press pushes this narrative and people fall for it.
The tax being on your income and not entirely on corporations always felt like a fairly biased distinction. If companies paid the entire income tax long before it got to you, and you were simply paid ~2/3rds as much, I feel like people’s opinions would be different despite not much changing.
Tax laws are usually made to make it easy to collect, hard to dodge taxes.
If companies pay all the tax I could create a company, invoice my current employer, pay myself a salary that is equal to the entire profit margin. There is nothing left to tax.
You could try to patch the loophole but then you’ll break down something else.
That sounds backwards to me. If companies are paying all the taxes, why would you insert a second company into the chain? Then both companies would be paying a tax portion, and your salary would be that much less than if you just had a job.
Or were you thinking that you could bamboozle the government out of the tax revenue by saying “Oops, no profit! Salaries cost too much!”? I don’t think that would work unless the entire structure was built with one directive in mind: “Reward Hollywood accounting”