"Number one: In 1945 corporations paid 50 percent of federal taxes. Now they pay about 5 percent."
this post was submitted on 15 Apr 2025
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And it's pronounced Reich!!!
You know, if you raise the corporate tax rate, there's actually an incentive to pay people more because that is effectively a cost of doing business... Food for thought.
If the corpo is taxed more on income, it lowers the profit margin, which probably would make them not especially keen on reducing it even further by paying more to their emloyees.
Noone is going to decrease their profits to pay less taxes. You only pay a fraction anyway, how would that even work?
Nah bro nah bro you don't get it, just one more tax cut bro then you'll get higher wages I promise. Just one more.
Are/were there tax brackets for corporations as well?
Not sure about the US but generally no, you pay the same rate from the first dollar.
It doesn't make sense to have brackets for corporations because they can move their income forward and backward through time to a greater extent than individuals can.
It would incentivise a lot of BS to minimise tax which ultimately isn't "productive".
Oh gotchya, that makes sense I guess.
Make American Great Again and raise corporate taxes to 1950 levels
If corporations are people, why did they get their own Special tax scheme?
You're right. Super wealthy should also get their own tax scheme. /s
So this post is dishonest, as one might expect from a blatant anti-capitalist. It suggests that the corporate tax rate has just moved towards the low end in a linear fashion, whereas the truth is that it has fluctuated during the years. It also suggests that taxes were in general higher in 1950, which also is not exactly true.
https://taxfoundation.org/data/all/federal/historical-corporate-tax-rates-brackets/
https://taxfoundation.org/data/all/federal/taxes-on-the-rich-1950s-not-high/
People just became much better at dodging taxes is the real answer, but even your own source shows that tax collections in the 50s And 60s were over 3% of gdp while it's 1% now
I'm with you. There are either a lot of bad actors in this thread, or a lot of uneducated people. Don't really have a preference on which it is, they are both pretty bad.
Raising the corporate tax rate is about as effective as tariffs. The money they have to spend will just get added into the price and they'll call it "inflation" again. The problem is there is nothing to protect the consumer from rampant capitalism. The middle class has been eroded away, and the lower class loses members to the poverty line every minute. A corporate tax won't fix that. Consumer rights will. Corporate oversight will. We need someone with a backbone in a leadership position, and we keep voting for the bent-spine cocksuckers that only care about the bottom line. It's time to start lining politicians against the wall. It's been a death by inches for decades, and the idea that if we make the corporations pay their fair share we'll somehow fix the problem is the worst kind of delusion. The roots are too deep now to get away with simple pruning.
So true. Higher corporate tax rates are almost never correlated with either higher tax revenue nor decreased corporate greed.
Higher taxes incentivizes tax dodging and avoidance, the way to increase wealth is to unionize and force employers to pay living wages, alternatively to move past capitalism
Increasing corporate taxes certainly incentivises corporations to move off-shore.
Corporate tax is much less dangerous than tariffs, assuming you tax profits.
A tariff kills small businesses with low margins. It directly increases the cost of goods sold. I know because I got bit bad by tariffs this year and might have to close the company.
A tax on profits only reduces what you earn AFTER the cost of goods sold. So if you’re in a high margin tech business, great, pay a lot of taxes. If you’re in a low margin side hustle, great, you owe very little.
It depends on how the tax rate is raised. If we bump every corporate tax bracket up 5%, you're correct.
If, instead, we establish a punitively-high top-tier rate, what we will be instead are small and medium businesses operating as usual, while large companies tailor their business models to stay just under the line. It is that "tailoring" that benefits the economy: reducing revenue, and/or increasing expenses to reduce net taxable income.
Giant companies will divest themselves into smaller business units, where they are forced to compete with eachother (under penalty of antitrust laws). This makes it harder for them to devalue labor.
At which point people won't afford their products and they'll have to concede. Or, better option, push everyone into FOSS operating systems and renew interest enough in Ubuntu Touch, Postmarket OS, or any of the mobile Linux distros to see widespread divestation from Google, Apple, Amazon Web Services and Microsoft. Nothing but good comes from taxing the rich.
At which point people won’t afford their products and they’ll have to concede.
We've got a century's worth of data that proves you wrong.
Or, better option, push everyone into FOSS operating systems and renew interest enough in Ubuntu Touch, Postmarket OS, or any of the mobile Linux distros to see widespread divestation from Google, Apple, Amazon Web Services and Microsoft.
Bwahahahahaha. ahem. I'm sorry. I don't know what came over me.
Nothing but good comes from taxing the rich.
Nothing but good comes from taxing the rich, and making it stick. You have to enforce the law. Without regulations and oversight, the situation won't change in any positive direction.
Nothing but good comes from taxing the rich, and making it stick.
Which is why we need a message unity at a scale of global import. You deeply underestimate peoples' capacity for understanding. People don't miss that which is stolen from them, until they realise it's gone. The same, is true of privacy. Once the implications are broadly understood, we will rally. We are not cattle, we are the poets, we are the artists. We are the dreamers of dreams.
I don't underestimate people's capacity for understanding, I accurately estimate their energy to get out and do something about it. Everyone knows they're fucked. No one has the strength to stand.
Nothing but good comes from taxing the rich, and making it stick.
It doesn't even have to "stick", so long as the strategies available for them to avoid the taxes are beneficial.
When they are forced to turn around and spend their excessive revenue on good and services, they are putting people to work, creating paychecks, instead of padding their portfolios.