posted by O-Trap
My contention is the notion of corporate taxes. This term ... "share" or "fair share" ... keeps getting thrown around. I still have yet to hear a logical argument to adequately articulate what a fair share would actually be.
For corporations, the number should be 0% - double taxation is unnecessary (and anti-investment). Similar reason to the "wealth tax" - we already have the ability to tax all that money downstream (estate tax), anyway. Stupid things politicians say that rile up voters who could and should know better, but don't.
The reason for corporate taxes are simply the ease of collection and enforcement, and more directly widening the tax base (because higher individual taxes generate more avoidance and illegal evasion).
Otherwise, you could offset a 0% corporate rate by raising or eliminating the capital gains tax and personal income tax brackets. Even with giant amounts of cash on a balance sheet, that money is reflected in the share price.