Let me be the first to suggest the new rate!
I suggest 0.00%.
Corporations don't pay taxes! The consumers of their products do.
Ahhhhh...you may want to rethink that nugget of misinformation you just posted.
As a tax professional with several years of experience, including large international firm experience, I can assure you that corporation pay taxes.
Stop perpetuating the myth that “All taxes are just passed to the consumers”.
Okie Dokie...
A huge BUMP to you.
I am amazed at the number of people who have absolutely no clue about this.
In a roundabout way, the stockholders pay for this too. Reducing taxes can increase profits which can increase the stock price.
“....Corporations don’t pay taxes! The consumers of their products do.....”
BINGO!!!!
I agree.
And if the public isn’t ready for a 23% Federal FairTax, then you could still go with just an 8% FairTax to replace all Corporate Income Taxes and Employer Payroll Taxes. 3% to general fund and 5% to SS/MC would be revenue neutral.
That would give us all the trade advantages and attract capital and manufacturing jobs to America without the enormity of a complete tax system change all at once.
The CEO, the directors and all their employees pay taxes too.