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Joined 1 year ago
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Cake day: June 12th, 2023

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  • You’re not really talking about higher taxes, you’re talking about reworking the corporate tax system. As things stand now higher taxes would encourage more of this sort of behavior, not less.

    Corporations only pay taxes on profits, so money spent on business activities, re-invested back into the company, paid to employees, etc. is not taxed. In this system, taxes are kind of a penalty paid for taking money out of the business; the higher taxes are the less incentivized profit-taking is.

    If your company made $100 million in profits at a 20% tax rate you get to take home $80 million as opposed to re-investing $100 million back in the company and not paying any taxes, so the incentive to re-invest isn’t very high. But if your company made $100 million in profits at a 40% tax rate now you can only take home $60 million as opposed to re-investing $100 million, which becomes a much better value proposition on re-investment.
















  • More likely he was trying to protect himself here; he’s been willing to talk about all those other lawyers Trump had and their crazy plans that he totally didn’t agree with or push*. His story has been that he was just innocently helping prepare a contingency plan in case Trump won in the courts and was totally not planning a coup; now there are tweets where he’s saying, [Trump doesn’t need the courts; he can just do a coup].

    *It was amusing the way things went down in Georgia: He filed for separation to try to get away from the crazies and present himself as a responsible lawyer doing responsible lawyer things while the crazies were off doing crimes and he got it! Yay! But, hilariously, then the monkey’s paw curled and Sidney “the Krazy Kraken” Powell also got separation and their cases got joined.