What are we supposed to take away from a high the high profit?
How much did visa pay in taxes? Less than a single 140k family? Why are we comparing corporate taxes and individual taxes? They are completely different.
I would agree with that, but that does not make it a monopoly. That depends largely on the reasons for lack of competition. e.g Is Visa using its position to freeze out others, or is it government regulation, or customer preference, ect.
seems remarkable given that visa doesnt send 150,000X children to send to school or collect 150,000X Medicare benefits.
I guess this is a way of highlighting the idea that individuals should be fundamental unit of tax assessment, collection, and evaluation. It is humans that receive government benefits, and it is humans that should pay for it.
Other methods of analysis run the risk of double counting benefits or payments.
NBER finds 1% of fiscal income is unreported from pass through tax evasion. If anything, this highlights that Individuals should be the relevant level of income tax assessment.
Your arguments come off as incrementally disingenuous and intentionally misleading.
That's +1% share of a pie on the order of $TRILLIONS between 2006-2013 to which the top-1% directly benefited from by under-reporting and playing pass-through games...and this was retrospective analysis long before the TCJA corporate tailwind went into effect.
How much did visa pay in taxes? Less than a single 140k family? Why are we comparing corporate taxes and individual taxes? They are completely different.