There are lots of reasons to tax corporations: as a check on their power, to help pay for infrastructure, as a wealth tax. But the biggest reason economists cite for why they've stuck around is that everyday people think companies should have to pay them too. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.
Chuck and his guest discussing corporate income tax that can be interesting to hear.
The debate over corporate income tax has surfaced as many believe it to be a good source of revenue for the government, while others argue that it might not be the best way to achieve economic growth.
The United States has a long history of fluctuating corporate taxation rates, with rates reaching an all-time high in the 1960s, followed by a decrease under Ronald Reagan's administration in the 1980s. Corporate tax rates are often used as a tool for attracting foreign investments and can lead to changes in tax codes across countries.
The taxation system for corporations differs from individuals in the United States. For individuals, taxes are on gross income, while for corporations, profits and losses are taken into account.
The 2017 tax reduction for corporations and the leaving open of loopholes did not increase federal corporate tax revenue. Corporations like Apple moving money to other countries with lower tax rates is also a factor.
The price of a pack of bubble gum is likely to remain the same across different states, regardless of sales or corporate taxes. Hubba Bubba remains a popular choice amongst bubble blowers.
The podcast explores the connection between our brains and experiences by answering uncommon questions to help us comprehend our realities better.
This episode discusses the disparity in taxation and its effects on stock buybacks and equity financing. It also explores how corporate taxes impact a company's reinvestment of profits and employee compensation.
Corporate taxation secures a certain amount of control over companies and their money, which can yield significant power. Its revenue can also fund social programs that are critical for public welfare.
The hosts of Stuff You Should Know recall a live show they did at a bar in South by Southwest, where they were grateful to the listeners who helped them skip through the material and annoyed by the bar patrons who didn't care.
David Eagleman introduces his new podcast Inner Cosmos to explore the relationship between our brains and experiences.