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Old 10-14-2008, 06:55 PM   #207
lookout123
changed his status to single
 
Join Date: Apr 2004
Location: Right behind you. No, the other side.
Posts: 10,308
Corporate tax code:

revenue under $1,000,000 annually is taxed at 5%.
revenue over $1,000,001 annually is taxed at 10%.

No deductions, no incentives. Produces income for the gummint. Reduces attractiveness for practices that lead to accounting scandals. Companies can quit spending millions trying to avoid taxes.
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