In an interview with the BBC, Apple co-founder Steve Wozniak has a lot to say about the U.S. corporate tax system. His main concern is equality, and that includes regular folks, not just the big corporations.
The way Woz sees it, Apple (and other tech juggernauts) shouldn’t be taxed on their profits, but on their income, just like regular people. But he has an even better idea. Why not tax the people
like companies, on profit?
“People are not taxed on profit, they are taxed on income, corporations should be taxed the same as people in my mind, that is how it should be, that would make things fair and right.”
“That means corporations pay taxes on all of their revenues or people only pay it on a tiny amount called profit and until we rectify that the whole problem is just with us forever,” Wozniak stresses.
“That is why the rich get richer and the poor get poorer and I am always for the individual being much more important than their training, same reason I created the Apple computer at the start, it was to empower the little guy,” he explains to the interviewers
Woz continues, saying businessmen shouldn't be allowed to write off lunches and cars, in the same way regular people can’t do that every day. If they could, they’d be able to save a lot of money.
But suppose they could. Woz provides a brilliant argument that any person on the planet could put forth and appear to deserve the same rights as the people in black suits.
“A person would say, ‘my life is my business and I have to pay for my home, pay for my clothes, my food and what is left over if I make a little money some year and put it in savings, that is my profit,’ but people are not taxed on profit, they are taxed on income,” Woz concludes.