• 5 Posts
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Joined 1 year ago
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Cake day: May 2nd, 2024

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  • Thank you. This sent me on a rabbit hole of differences between LLC and Corporations. LLC being a pass through protects the owners a little bit but passes through all the tax and some of the liability (hence Limited Liability). I remember reading something about how banks got significantly more risky with investments and predatorily with their practices when they started moving from partnerships to corporate structures.

    Maybe we should get rid of corporations and force all companies into a partnership or LLC structure. Less to hide behind.


  • I used to not vote because all politicians are evil. Someone pointed out that if everyone picks the lesser of two evils then things are going to get less evil. I’ve voted every opportunity since.

    Corporations are just legal structure organizing people together to do something. The soup kitchen, local artisan, person cutting hair out of their house, they all set up an LLC to operate under. They didn’t instantly become evil.

    But if I need to buy a blender, plywood, or underwear (my shopping list this weekend), I’m going to have to buy it from a corporation. If I could buy it from a less evil corp then hopefully I make things less evil.










  • The top of the top are paying $0. But That’s like the 0.1% or the 0.01% and yes wed probably be best if they left. The top 10% are not paying a fair percentage but they are paying a lot in total dollars. Blue states are beginning to see a lot of wealthy leave for no income tax states. They still pay taxes in those places in the form of property and sales tax. Now the red state gets their tax dollars.

    Taxing should be a tool, but not our only tool to fight income inequality.


  • Less popular opinion. If we drive taxes up on the rich they’ll just get more creative with tax avoidance or move to Panama.

    The ultra wealthy don’t pay income taxes and they didn’t in 1950 either. They’re mostly paying capital gains which was lower back then then it is now.

    What we really need to do is remove all the massive loopholes in the current tax code and maybe do something like having progressive tax brackets on capital gains (some people are legitimately just using capital gains as retirement income).

    Also, fund the IRS more. They’re not the evil tax man. They are finding the people who aren’t paying their legal fair share.