Tax Deductions

solutions to what?

To begin: American corporate culture is toxic. That awful facade of upbeat ecstatic euphoria we have to put on to keep up the charade that everything is AWESOME is just soul crushing. We are being squeezed dry for every penny we have and we're being told it's inflation caused by demand for higher wages so people don't have to choose between rent, food, and medicine this month. Billionaires fly around on private jets and cruise super yachts while children are denied lunch in school. Half the country is fed a steady diet of disinformation telling them climate change is a lie, while they live in food deserts eating processed microwaved diabetes in a box. Economic mobility is stagnating, all the wealth is flowing uphill, our education system is out of reach for many, and overpriced anyway. Meanwhile, not a single banker, politician , or regulator has gone to jail for their part in the Great Recession which cost the taxpayers dearly, while those responsible largely walked away with millions, secure in the knowledge their banks are Too Big To Fail and will most likely be bailed out again the next time that happens. And don't even get me started about healthcare.

This comic is about these issues. Tax policy is neither the cause of nor the solution to these problems. As I've said a dozen times this comics title is misleading. I've already posted my thoughts on possible solutions to these issues twice.

Here it is yet again:

• First I would have the FCC reign in Fox News disinformation because we’ll probably never get anywhere when 100 million Americans are being brainwashed daily

• Campaign finance reform

• Term limits and maybe age limits in public office

• Ranked voting to help get rid of the two party system

• It would be great to somehow change corporate governance to require them to prioritize all stakeholders and not just shareholders but I don’t know how to do this

• Maybe a requirement for publicly traded companies to have one seat on the board of directors be elected by the employees to represent their interests, perhaps a requirement that maybe 10% of shares issued and outstanding be owned by said employees

But we can keep talking about charity deductions for individuals and corps if you want, even though this is the first time I'm hearing someone saying that is controversial.

PS: you want to hear something funny I just thought of? If we ban charity donation deductions for corps it would probably lead to a net DECREASE in tax revenue rather than an increase. My reasoning is that deductions are only worth 21% at the Federal corporate level but up to 37% at the individual level. So we'd probably finagle it so the donations happen anyway, just by the individuals and institutions who own the business instead, who would get a better discount on their contributions. Actions, meet unintended consequences!