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Do you agree or disagree Should the government reduce taxes on businesses vs. individuals? a) Pros, or good points about the topic, A pro to
Do you agree or disagree Should the government reduce taxes on businesses vs. individuals? a) Pros, or good points about the topic, A pro to reducing taxes on business is that the lower taxes will motivate businesses to continue operations in the US and contribute to our economy with less outsourcing in order to pay lower taxes. Reduced taxes also could mean higher wages as the corporations will have access to more funds to disburse between employee wages and owners of the corporation. The higher the cost of tax, means the more it will be for capital b) Cons, or bad points about the topic, and It is easier for businesses to relocate and pay lower taxes than it is for individuals to move to other jurisdictions. Reducing the taxes on individuals and increasing them for businesses would raise the cost of capital forcing corporations to invest in less capital i.e. employees, machines, and locations. c) your opinion on the topic, stating the reasons you consider the topic a good or bad idea. I believe that there should be a happy medium. We of course want our corporations and businesses to stay within the country however we do want them to pay their fair share. So potentially lowering their taxes and individuals' taxes will allow for a reset that works best for both sides. This could lead to lease outsourcing, and more individuals excited to work, since corporations would be more likely to invest in capital
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