I advocate a zero corporate tax rate. You read that right, zero. You make money as a corporation, good for you. Tax it only when you pay it out to individuals as dividends. Look, a corporation makes money, pays corporate income tax. Then it distributes that income to shareholders, and, guess what - taxed again. We should be encouraging business in this country, not penalizing it. Corporate tax rate to zero and get out of the way as the economy skyrockets.
I agree. Corporations don’t really pay the tax. It’s built into their price structure like any expense related to generating revenue.
You are correct. Please read post #11.
I do, too. Corporations don’t pay taxes, they just collect them.
And the American tax system is putting them a heck of a disadvantage at home and abroad.