I have some questions about the numbers here. The effective tax rate is framed as taxes as a percentage of earnings. What are "earnings?"
If a company earns $100 million in "earnings" but spends all of it on salaries and investments into itself, it's still at zero profit, and I'd argue it shouldn't be taxed at all. Providing jobs and opportunities is a good thing, taxing this doesn't help anyone
Besides, much of the tax incidence is going to fall into employees anyway, so raising the corporate tax rate doesn't really help the common worker.
The best way is still a land value tax, hands down. Second best I have come up with is a broad and low VAT.
I have some questions about the numbers here. The effective tax rate is framed as taxes as a percentage of earnings. What are "earnings?"
If a company earns $100 million in "earnings" but spends all of it on salaries and investments into itself, it's still at zero profit, and I'd argue it shouldn't be taxed at all. Providing jobs and opportunities is a good thing, taxing this doesn't help anyone
Besides, much of the tax incidence is going to fall into employees anyway, so raising the corporate tax rate doesn't really help the common worker.
The best way is still a land value tax, hands down. Second best I have come up with is a broad and low VAT.