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If you give them everything they want, cash dries up
Posted on: November 9, 2017 at 15:41:03 CT
Knucklehead MU
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Politicians know the corporate tax system is a big source of revenue for them. Both during their career in congress and later as lobbyists.
If they repeal the corporate tax, the money will dry up in a few years. Instead they like to "sell" tax reform every few years. They increase rates, then sell accelerated depreciation. They sell tax reform a few years later & cut rates and eliminate accelerated depreciation. Then a few years later they sell accelerated depreciation to the same people they sold it to 10 years previously. Its a racket.
Seriously, the incentive problem described in my original post is just one part of a complex set of interests.
Edited by Knucklehead at 15:43:47 on 11/09/17
If they repeal the corporate tax, the money will dry up in a few years. Instead they like to "sell" tax reform every few years. They increase rates, then sell accelerated depreciation. They sell tax reform a few years later & cut rates and eliminate accelerated depreciation. Then a few years later they sell accelerated depreciation to the same people they sold it to 10 years previously. Its a racket.
Seriously, the incentive problem described in my original post is just one part of a complex set of interests.
Edited by Knucklehead at 15:43:47 on 11/09/17
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If you give them everything they want, cash dries up - Knucklehead MU - 11/9 15:41:03