I came across a statement suggesting that if certain large U.S. companies paid their full share of taxes, it could offset the need for individual Americans to pay federal taxes. Is there any truth to this claim? How realistic is the idea that corporate tax revenue alone could cover federal spending or even eliminate the tax burden on individuals? I’m curious about the math or logic behind this concept and whether the federal budget shows any scenario where corporate tax compliance could completely replace individual taxes. How valid is this argument from an economic perspective, and what would the financial implications look like?





https://v.redd.it/juaaa16egbae1

by Alternative_Gur_7706

8 comments

  1. We need to get rid of Buffett and his children.

  2. Bullshit… the government would still tax the fuck out of us.

  3. Buffet will make sure his companies minimize the taxes by moving offshore.

  4. That is what the government promised 100+ years ago before income taxes. “We’ll tax corporations only”

  5. Taxing individuals and companies won’t solve government spending issues, especially with significant expenditures like billions sent to Ukraine.

  6. That’s a lot of talk from someone who knows he’ll never have to pay those taxes.

  7. The reason America is so prosperous (on paper) is because the tax burden is shifted off businesses and the wealthy to middle class and poor people. Change my mind.

  8. I’m a total free market capitalist and I agree with Warren Buffett, billionaires should pay more in taxes because it is this society, this government, these laws and infrastructure that allows entrepreneurs to become wealthy billionaires, so they should pay taxes since they benefited from this country’s existence, i.e. how did they become billionaires? On the backs of labor, consumers and infrastructure. And note that my argument or position is not necessarily a moral one (although that should be a consideration) but just based on economics and prosperity of the nation, it’s important to take care of this labor and consumer base and not let a large population slide into poverty, homelessness, criminal behavior and bad health. Essentially the more you take care of the people the overall health of the economy will be…fertile for the billionaires! The absolute worst offender in this world is Elon musk who amassed grotesque wealth purely on government subsidies and favorable policies and yet wants to pull the rug out from under the most vulnerable and needy people in our society, it’s absolutely sickening and evil.

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