Comic Strips

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Comic Strips is a community for those who love comic stories.

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I'm not locked in here with you, you're locked in here with me! (sh.itjust.works)

submitted 8 hours ago by blah_blah_blah to c/[email protected]

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Artist: @gryzlock_comics

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[–] Shizrak 18 points 4 hours ago (2 children)

This would be ideal but I'm skeptical that it's actually possible. Bribes are cheaper than taxes, so I think they'd likely just prevent the taxes from happening by greasing the correct palms.

[–] [email protected] 17 points 4 hours ago (2 children)

Well yeah, that’s exactly what’s happened for at least the past 50 years. In 1968 corporations were paying 53% of their profits in taxes, and billionaires were paying 94% around that time! Btw, if you’re making billions, paying 94% still leaves you richer than most…

Contrast that to today, where the system is so obviously broken during a time when Amazon is paying less in total taxes than a fry cook at McDonald’s.

It would need to be done with actually no loopholes, and meaningful enforcement of consequences for those who would try to cheat (perhaps the guillotine).

[–] funkless_eck 11 points 4 hours ago (1 children)

one big issue is everyone goes "you can't tax stocks!" and then billionaires take a loan against the stocks with the unrealized gains as collateral. So we'd need to start classifying a loan as a realized gain of the collateral against this, with an exception for mortgages on primary domiciles, maybe also a "first million dollars are exempt," calculated on the full debt of the borrower, not per loan. I can't imagine anyone taking out more than $1M in debt against a properly they don't live in is not the rich we need to be taxing.

[–] [email protected] 1 points 4 hours ago

That’s an insightful point, and honestly taxing those loans as realized gains sounds entirely reasonable. It’s good for the lenders because of reduced risk, it’s good for the rich because it keeps them honest, and it’s good for the public because we gain increased tax revenue from those who can most afford it. Nice!

[–] [email protected] 3 points 3 hours ago (2 children)

Contrast that to today, where the system is so obviously broken during a time when Amazon is paying less in total taxes than a fry cook at McDonald’s.

Wait.....by percentage, or by dollar amount?

[–] [email protected] 1 points 19 minutes ago

Dollar amount for some markets and some years - big corps do accounting magic and end up net negative, which they can calculate against profits in another fiscal year under some circumstances, paying 0% tax

[–] [email protected] 6 points 3 hours ago

Mostly by percentage, but I wouldn't be surprised for the other one.

[–] [email protected] 7 points 4 hours ago

Don't they already just avoid paying taxes by not having a salary and just using bank loans or something? So they have no actual money in the bank