Yes but at a lower rate. Investment income is taxed lower than standard wages.
Right. Usually, that's because:
1) We want people to risk their money making investments to start and grow businesses. That creates economic activity, which is taxed.
2) If the person risking their money on such an investment loses it (as most do - most new businesses fail), they do NOT get to write that loss off on their own income taxes. It's just gone, goodbye.
3) The lower rates only apply if you let the investment site for a good long time. Those who throw money in and yank it back up pay a much higher rate.
businesses and the people who profit from them
Employees ARE people who profit from a business. In fact employees account for the vast majority of the outbound cash that most businesses spend. And its taxed at normal payroll rates. And the taxes levied on the money those people are getting out of the company are a big part of what pays for the public infrastructure that they (as the people who are making money daily in the business) use. Why do you think that city, county, state, and federal programs to encourage business presence and growth aren't hesitant to wave, for some period of time, taxes charged directly to the business? It's because the net result of establishing that business in place and keeping it there is MUCH MORE TAX REVENUE - from all of the other activity and employment that results.
Companies use infrastructure to deliver goods to their customers
But the company doesn't do anything with the money except spend it on growing the company, or in compensation to employees and investors. When those investors or employees take money home from the company, it's taxed. And if those same people take that already taxed money and invest it that or another company, and it makes money, they get taxed again.
The company doesn't benefit from services and education, etc., the people WHO TAKE HOME THE MONEY do (at which point it's taxed). They other group that benefits are company's customers, who spend money (on which they've already paid other taxes) to buy goods or services from that company. And that means nothing until, again, somebody takes it home as pay (taxed) or dividends (taxed) or cashed out stocks (taxed).
The company's actual profits shouldn't be taxed because all that money does is sit there until somebody either spends it on the company as reinvestment (which isn't taxed anyway), or it gets turned over to somebody designated to receive it - at which point it IS taxed as income.
If that is true, then the taxes won't cut into profits, so the businesses won't raise any objections to the taxes.
Of course they will, if they're competing with companies that operate elsewhere with a 15% lower tax rate.
It's a race to the bottom, my friend. You don't out-compete countries with less than a few million inhabitants and no significant social programs.
You mean, like Canada? It has a 26% rate, compared the US's 40% rate. Yeah, third-world hell holes like Canada always whore around with those low numbers, right?
I think you may be missing my point. Let me illustrate with a scenario:
Doctor: I think you have long cancer.
You: That's an extraordinary claim, I want proof.
Doctor: Sorry, you're not my patient. I don't have time to talk.
Do you ignore what he said because he made an extraordinary claim and wouldn't meet some particular burden of proof?
The problem with a nuke war is the huge number of people who would suffer and die as a result of it, so I fail to see how the same number of people suffering or dying in a "natural die-off" would be any kind of improvement.
does disbelief constitute a more logical position than non-knowing?
That won't work. Even if you create a will leaving everything to your clone-copy, anytime you travel your clone-heir would be stuck in probate for months afterward and the government would demand a huge cut of your net worth.
Which would be a medical cause of death....
Did it take a laser printer?
'cause that's all the Mythbusters guys needed for pretty much every fingerprint reader they tested (admittedly, before the iPhone 5s came out, so I suppose there could have been some advances since then)
Do race cars have power steering? I'd think it would add a decent bit of weight and sap a non negligible part of their engine power allotment.
Get hold of portable property. -- Charles Dickens, "Great Expectations"