Yeh, the tax part probably wasnt a good place: to put in an article on equity. It kind of followed on. I was trying to avoid regressive (and burdensome) taxation, by only taxing the winners of the system. The winners and losers can be divided by those who have prospered and those that havent. I took prosperity to be those that were in a bracket that was the top half of all income. Since income is taxable for individuals and companies, I thought it would be a practical method to determine when taxation should start for both.
Another issue is, if tax doesnt start until a million for a corporation, individuals will be incorporating themselves. It might skew toward a contractor style of employment. Most people choose salaried work, either because they have to, or for the security. That would kick that stable influence in the market out.
Another way of attacking the problem could be to start the progressive (or even flat) tax at the same level for both corporations and individuals, which is about $60,000.
Or, taxable income for both individuals and corporations could be combined and then divided by the sum of taxpaying individuals and corporations. From this the halfway point of income could be found. I would have to do the sums again (and find that blasted 2002/2003 tax report) to see what it comes out at.
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