If there's a company with a plant, they probably also need protection from the fire department. Shouldn't they pay for this?
Yes, and most cases such services are paid through property taxes. If the company owns the plant and its grounds, they pay substantial property taxes. If they lease the property, the property's owner does (and passes those costs along in the lease).
We're not talking about property taxes, we're talking about income taxes.
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?
*twirls finger around head* cuckoo cuckoo... looks like the loonies are taking over slashdot lol
So, let's see
Obviously it's nothing new for the Obama administration to simply ignore statutory requirements (see his unilateral re-writing of features of the ACA entirely for political expediency), and this is simply another case of it. But what's interesting is that you are obviously either ignorant of their specific language in the new "interpretation" of the law in question, or you're well aware of the implications and are just doing your best to wish it away through childish ad hominem. Classic lefty sycophantism. Or, I'll just give you the benefit of the doubt, and tell you to go read their published intention to twist the law into an implementation that is 180 degrees opposite to its plain, so you can come back here and argue the details instead of stamping your feet like an eight year old girl.
ROFL.
Obama's out to stop the drone entrepenaurs!
ITS ALL A CONSPIRACY!!
It's not a conspiracy, coward. It's published policy. Your decision to trot out ad hominem in place of addressing the basic facts of the matter shows you know I'm right. That you're posting as a coward makes it even more clear. But keep propping up your pet administration, man. The documents they publish - you know, the ones that have been amply covered in both aviation news and general media of all sorts - make this all very clear. The agency has just been sued by multiple parties over the 'interpretation' document and policy position in question. But please, don't trouble yourself to keep up with the news - that would take the fun out of your shrill, drooling Obama fanboyism.
This is that anti-job anti-business Obama's fault!
To which I respond: [citation needed].
You actually need a citation to believe that the director of the FAA is a political appointee? You are that unaware of how federal agencies are run by the executive branch of the government? You don't need a citation, you need a remedial course in basic civics. Please return to the conversation when you understand the basic structure of the government.
The optimum committee has no members. -- Norman Augustine