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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhy isn't there an Alternative Minimum Tax for corporations?
This idea struck me as I responded to this thread:
http://www.democraticunderground.com/10021367797
but I forgot to post it until just now.
The AMT is in place to make sure that upper-income earners pay more than a pittance in tax, no matter how many deductions they pile up. Come to think of it, we need an AMT for capital gains (*cough*Rmoney*cough*), too.
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Why isn't there an Alternative Minimum Tax for corporations? (Original Post)
KamaAina
Sep 2012
OP
dawg
(10,607 posts)1. Actually, there is one.
But it mostly lacks teeth.
KamaAina
(78,249 posts)2. Bush 41, Bush 43, or Reagan?
dawg
(10,607 posts)3. I misspoke in my original post.
Small corporations, like the ones I usually work with, are exempt.
KamaAina
(78,249 posts)5. So what about large ones?
Budget problem solved. KamaAina '16!!
GeorgeGist
(25,294 posts)4. Especially since ...
corporations are people my friends.
Shitty Mitty
(138 posts)6. Hell, why isn't there a REAL tax for corporations?
If your CEO's made 100 billion, the corp should be paying 95% at the very least.