Taxing Solutions
11/06/2013 | | C corporations, Economic forecasting, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, Graphsandlaughs, MLS, Multiple listing service, Public speaking economist, S corporations, business deduction for interest, corporate tax reform, econ70, economist on TV, economist on radio, eisenberg and economics, favorable tax treatment, funniest economist, funny housing economist, graphsandlaughs and eisenberg, housing sales, llc, mortgage banking, politics and economics
While corporate tax reform is admittedly a longshot, here are two ideas that should rank high in any effort. Eliminate the business deduction for interest payments so that debt would not have more favorable tax treatment than equity. Second, require all firms with $100 million or more in sales to pay the corporate income tax. As it is now, all firms organized as S Corporations and LLCs totally avoid it.