Quote:
Originally Posted by the_only_turek_fan
Whether the tax is paid now, or later, the fact is it takes money out of cash flow for future projects. Can they pay the tax later when commodity prices increase? Sure. I guess I can concede that point. But who knows when that will happen.
My entire point of all of this is to say that it is stupid to take money out of corporate profits when the prices are this low. Whether it's a small amount or a larger amount, it is bad policy, IMO.
If 12% is no big deal, why not 15%? Maybe go for 17%?
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Or let's go the other way and tax 5% or nothing at all?! Trickle down, baby!!!