^ Only a few businesses paid no taxes. And even then, they still paid taxes via their wages to their employees. They just didn’t pay taxes on their profits.
Corporate tax code, in its most basic form, is pretty simple. If Expenses > Receipts, you owe no taxes due to you losing money. If the reverse is true, you should owe taxes. However, what’s happened is the government has enabled corporations to expense a lot more than they should, or enable corporations to falsley claim more expenses. At this, I say “Don’t hate the player, hate the game.” The player doesn’t deserve to be crucified; the game needs to be fixed.
^ Only a few businesses paid no taxes. And even then, they still paid taxes via their wages to their employees. They just didn’t pay taxes on their profits.
Corporate tax code, in its most basic form, is pretty simple. If Expenses > Receipts, you owe no taxes due to you losing money. If the reverse is true, you should owe taxes. However, what’s happened is the government has enabled corporations to expense a lot more than they should, or enable corporations to falsley claim more expenses. At this, I say “Don’t hate the player, hate the game.” The player doesn’t deserve to be crucified; the game needs to be fixed.