Corporate Tax

Information – Company Tax Cronyism: Small Enterprise Pays – Large Enterprise (particularly Large Tech) do not

One of the main reasons the economy soared during Donald Trump’s administration was the corporate tax cuts that were part of the Tax Cuts and Jobs Act 2017.

We exist in the midst of a (far too) globalist economy. We compete with … all over the world to get companies to come and stay here. The more competitive our business tariff, the better we will do at insourcing employers.

The 2017 corporate tax cut was neither radical nor very profound. It harmonized a ridiculous tax rate range (15% -39%) to a flat rate of 21%. What only placed us in the middle of the field worldwide – but overall a dramatic improvement at home. The lower average and guess-free flat rate made us a much more attractive location – and companies responded.

All of these are just some of the reasons why those of us who have ever had a real job advocate a low, simple flat tax rate – with as few deductions / adjustments as possible.

Start with: A progressive tax rate is unconstitutional. According to the equal protection clause of the Fourteenth Amendment:

“No state may enact or enforce a law that … denies a person within its jurisdiction the same protection of the law.”

A tax law with multiple sentences – is UN-equal protection from the law.

The lower the rate – the better. Because competitiveness. And because the people who make the money ALWAYS do better things with it than the government who takes the money from those who made it.

Then comes the ridiculous series of deductions / adjustments from cronies. The more – the worse.

This, too, is unequal protection from the law. You can’t have a tax break for someone – unless that tax break applies to everyone.

Tax breaks (and subsidies) for “green energy” companies – are unfair to the real energy companies that are competing with them for your energy dollar.

And because the government is terrible in everything – including choosing industries to profit / punish with tax law. Green energy tax breaks (and subsidies) – the government is DEFINITELY the wrong horse.

The government does not select “winners and losers” – it selects losers at the expense of the winners. If your idea is good, you don’t need government nepotism. Nobody has to subsidize ice cream. One reason bad ideas are faked by the government – is because they need it.

But even if you don’t need government chops, you still want it if you can get it. And if your company is big enough to bribe everyone else for the attention of our government officials, you too can get nepotism.

Because our government officials made selling nepotism an art form.

Our government is now incredibly huge. The 2021 Madness includes a $ 5 trillion budget and $ 2 trillion in regulatory compliance costs. And that’s the extra $ 5 trillion they’re going to spend on two fake “infrastructure” bills.

These government bills – are THOUSANDS of pages each. You can put a lot of nepotism into those fat, saggy folds of the law.

Because Congress takes maximum advantage of the government’s inherent anti-transparency.

So the corporate tax hikes the Democrats are trying to impose to pay for their additional budget nonsense? You will crush small businesses – without actually applying to big business. Because nepotism.

And NOBODY is better at bribing their way into nepotism than Big Tech.

How Google Avoids Paying Its Taxes and Keeps You On The Bill

Why Amazon doesn’t pay corporate taxes

Facebook does not pay taxes on its profits

How Twitter can legally avoid taxes

Of course, ALL of this big tech tax fraud is legal. Because big tech bribed the people who wrote the laws that made everything legal. But that doesn’t make it right.

And of course the state needs money to function. And if the richest companies in the world pay NOTHING – We the screwdrivers are allowed to pay more to subsidize the lavish nepotism of Big Tech.

And the big tech crownism doesn’t just stop at the Feds. They are kidding us wherever there are governments to be bribed.

20 jobs but $ 54 million in tax breaks for the Google Center in Columbus

Amazon secured $ 670 million in state and local tax breaks this year

Facebook’s tax breaks are completely undeserved. But local governments think they are worth it

Yes, they are “worth it” – for the local government officials being bribed by Big Tech.

Twitter got a huge tax break to stay in San Francisco. Now Jack Dorsey says his future no longer lies in the city

Big Tech even gets international tax bondage from its bribed bureaucrats.

Biden’s International Trade Big Tech Cronyism is a ridiculously small bullet:

“Biden’s merchants have spent most of his four months in power focusing almost entirely on freeing monstrous big tech under some international digital taxes.”

Are you in the mood for another massive dose of corrupt nepotism? There is a lot, you know.

The Feds have already spent tens (hundreds?) Of billions of dollars connecting people who are already connected to the Internet – the Internet. Pointless redundancy is another hallmark of the government.

Most of this money comes from a tax – the Universal Service Fund (USF) tax:

“(A) System of telecommunications subsidies and fees administered by the United States Federal Communications Commission (FCC) to promote universal access to telecommunications services in the United States.”

This tax – is massive:

“That tax rate rose to a monstrous 33.4% in the second quarter of this year. And it will be even higher every quarter – because it increases every quarter. “

It also goes up every time three Federal Communications Commission (FCC) bureaucrats decide to vote for another increase.

This is a ridiculously high rate. Why is it so ridiculously big? Because Big Tech – the government’s biggest beneficiaries who spend billions annually connecting people to their websites – DO NOT PAY THE USF TAX.

The Internet Service Providers (ISPs) pay the USF tax.

Here is a thought:

The government wants to close the non-existent “digital divide”? How about not taxing the companies that have already closed it – at a rate that is now approaching almost FORTY PERCENT.

The big tech companies are completely exempt from tax.

The big tech companies that spent almost nothing building the internet. Just sit back and surf the internet that ISPs built – and grow to trillions while lying down.

Seems fair.

Isn’t nepotism great?

Here’s another thought:

The big tech companies that have prevailed with zero federal income tax bribes and massive state and municipal tax exemptions should at least get into the USF tax and spending program, which will benefit them directly and massively.

[First Published At: Substack].

PHOTO: Facebook. PHOTO BY: Book catalog, Attribution 2.0 Generic (CC BY 2.0).

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