Seth Meyers Examines the Benefits to the Wealthy in the Republican’s Tax Plan Share this:Share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to email (Opens in new window)Click to print (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Like this:Like Loading... Related 2 thoughts on “Seth Meyers Examines the Benefits to the Wealthy in the Republican’s Tax Plan” Add yours This billionaire tax bailout is going to lead to class warfare once the Trump followers see how their taxes went up. This is the third time they’ve used this “trickle down” theory to give more money to the 1%. Without some type of legislation to make corporations reinvest in jobs and local production, there will be nothing trickling down. This tax legislation really raises the issue of corporate personhood as far as taxation. These corporate “persons” receive a lot of deductions that human persons are forbidden to take. Why is a corporation a person when influencing political campaigns, but not a person when being taxed? Malia, any idea why these two cases are different? Should the Supreme Court be looking at corporate personhood as far as tax liability? LikeLike Reply aj, Corporate tax rates don’t really apply to persons. Persons who invest pay only capital gains tax when they sell their stock, and ordinary income if the corporation makes a distribution. Thus investors would rather defer the income and take the profit in the form of a higher value when they sell the stock. In my opinion its not the corporate tax rate that is significant, its the capital gains rate. LikeLike Reply Leave a Reply Cancel reply Enter your comment here... Fill in your details below or click an icon to log in: Email (required) (Address never made public) Name (required) Website You are commenting using your WordPress.com account. ( Log Out / Change ) You are commenting using your Twitter account. ( Log Out / Change ) You are commenting using your Facebook account. ( Log Out / Change ) You are commenting using your Google+ account. ( Log Out / Change ) Cancel Connecting to %s Notify me of new comments via email. Notify me of new posts via email.