My feeling is that corporations shouldn't have a disincentive to make money.
Rather all ways of extracting money from corporations should be taxed at a high income tax level (rather than the low dividend and capital gains levels).
> My feeling is that corporations shouldn't have a disincentive to make money.
Corporate taxes are not a disincentive to make money. They are (since the structure of deductions applying to them makes them a tax on retained profits more than income) a disincentive to retaining profits within the corporation to avoid the taxation the stockholders would pay were the profits distributed (or earned by a business subject to personal rather than corporate taxes in the first place.)
So corporations should have literally zero disincentive to make money? Is that what you intend to argue? Because that seems to imply that corporations should be completely unfettered in every conceivable way, be it legal, economic, ethical, or otherwise. Am I missing something there?
"Disincentive" is not the same thing as "impediment." This isn't to say I necessarily agree with the parent comment, but you seem to be responding to an overly strident reading of something that wasn't quite said.
Yes, you are missing that the idea is to tax the money when individuals get it out of the corporation for private use. Right now capital gains and dividends taxes are relatively low.
Rather all ways of extracting money from corporations should be taxed at a high income tax level (rather than the low dividend and capital gains levels).