Quote:
Originally Posted by #-3
I'm not a tax expert, but corporations only pay tax on profits, it's literally impossible to tax them out of existence, because they need to be actively making money to pay any taxes.
(It might be complex tax policy that is giving small corporations a structural disadvantage, but that's a different thing).
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The goal, for the owners of any corporation, is to earn a profit, net of taxes.
If you raise taxes, they need to raise prices to compensate (or have reduced earnings). Keep raising taxes, and they are forced to raise prices beyond being competitive, or not make any net profit.
Either way, you've taxed them out of existence.
The best you could hope for is that you've created hyper inflation.