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Old 05-16-2019, 12:03 PM   #45 (permalink)
JSH
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Quote:
Originally Posted by rmay635703 View Post
Constitutionally only corporations should pay income tax.
Nope. The Constitution says that the federal courts determine what the Constitution says. There is a long line of court cases that say individuals owe income taxes.


Quote:
Originally Posted by rmay635703 View Post
The reason is simple, there are far fewer of them and they are much easier to tax.

AKA you would need to collect far fewer taxes at much less effort to get the same financial impact.

Forcing every poor ******* to do income tax every year on down to $3500 a year just wastes billions of dollars.
Personal income taxes are complicated in the USA because we chose to make them that way. We choose to use the federal tax code as a tool for social engineering. We also choose to make individuals calculate the tax they owe instead of allowing the IRS to do it for use.

Most Americans don't understand that we are an outlier here. No other developed country requires individuals calculate their own taxes. They also don't tend to try to use the tax code to shape behavior.

Take EV subsidies as an example. In the US we make the buyer pay the full amount and then file a special tax form to get the credit back (if we paid enough in taxes). In other countries the subsidy is a point-of-sale discount and the dealer collects the subsidy from the government.


Quote:
Originally Posted by rmay635703 View Post
There have been many analysts that state collecting personal income tax doesnít Break even anyway.
Not a chance. Individual income taxes are the largest source of revenue. See below.
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