Issue 661 Don't tax businesses August 21, 2015

At current, our business taxes in the United States are about 35%.  That is one of the highest in the world and it has a negative impact on the economy and thus salaries and jobs.  Maybe we ought to think about removing business taxes altogether.

Don't Tax Businesses:  Businesses are the driver of the economy.  There buying and selling of goods and services grows the gross domestic product and thus advances the nation with respect to economic growth and redistribution.  But we tax them.  But if we did not, what could possibly happen?  For one, it could potentially lead to more jobs and higher salaries as businesses will not have to worry about multiple accountants and records keeping which is expensive.  Not to mention that they keep all their money, including the profit.  As such, business growth can expand without the artificial hindrances of taxation and them passing off the expanse of their taxes onto consumers like you and me.  The no tax policy would make the United States more appealing to new businesses starting up and for foreign businesses to come in, which means more jobs, and less poverty.  Invariably, this also means more job experience and training for unskilled and low skilled labor which allows them to go from poverty to middle class and possibly to becoming rich.   As such, our country will overnight become the most competitive country for both businesses and jobs.   

Conclusion:  You see, without businesses we would have no economy, and our economy needs to grow.  Also, so would our wallets for businesses pass all their taxes back onto us!  We end up footing the bill.  If we can eliminate business income taxes, we eliminate fraud cases, legal proceedings and court cases about audits, and many other hindrances with respect to just paying business taxes and all the ancillary costs.  All this means is that we can spend less money on making up the losses the business will incur from taxes and have cheaper goods as well.  The business keeps their money and the government does not have to spend so much trying to collect it.