Trump calls for 10% tariff on all imports

Thank you. You’ve just admitted the C Corp shareholder is taxed twice and the S Corp owner once and you have to compare the total. That was my whole point.

It seems you don’t think twice (your word) means double. Whatever floats your boat.

For the record I’ve never said such double taxation is good or bad or fair or unfair.

 

I disagree. I’m not sure how you can say corporate taxation is not borne by the shareholder and dividend taxation is. Again what if the selling company is an s corporation?

 

You just said it was twice but said it wasn’t double.

But the important point isn’t whether it is double. The important point is that you compare the total burden at each level, which you also said. So comparing dividend and capital gains rates to income tax rates are apples and oranges.

 

you are talking in circles now. But yes all taxes are paid by everybody. That’s a pretty safe position to pivot to.

 

https://www.cbo.gov/sites/default/files/cbofiles/attachments/effective_rates_0.pdf

This is an old CBO analysis of federal taxes only. Notice that in assessing total tax burden by income group, they include corporate taxes as they are borne by shareholders.

 

Ok I missed the word “Just”. You are splitting hairs here.

 

You’ve been arguing against accepted economic concepts and constructs and were clearly wrong and now you are grasping at straws to try to save face. Whatever, you do you.

 

Who made a “big deal” over it? My only point was that you have to look at the total burden of both taxes, which is a point you later reiterated. To compare a capital gain tax on corporate shares to earned income tax is not apples and oranges - which is one of the problems I was responding to by a poster who made a post that the rich only get taxed at something like 4%. You first argued it wasn’t double taxation and then argued that other things that aren’t double taxation are double taxation, but then admitted that it is being taxed “twice” but it isn’t important.

 

This is exactly why I chose not to go the ROTH IRA way. I would not be surprised to see a national sales tax in the future and do not want to have paid taxes upfront and then again when I go to spend the money.

 

In terms of a true end user sales tax, that is highly unlikely because high sales taxes tend not to work due to evasion. I don’t know of any country in the world that has a true national end user sales tax.

Now a VAT tax is a definite possibility and there are examples around the world. In most cases though they actually supplement an income tax, not totally replace it. I don’t see that we are anywhere close politically to implementing a VAT but it is at least a plausible alternative.