> Also, eliminating the corporate income tax would open up a gigantic loophole in tax law. People could simply incorporate into a single person corporation, the

> Also, eliminating the corporate income tax would open up a gigantic loophole in tax law. People could simply incorporate into a single person corporation, then make sure the corporation makes all of their money and just happens to provide services that help the person (like buying food and shelter). Given that corporate income tax is basically completely ineffective right now, I don't know why you think this would possibly be any harder to enforce against. > If anything we should be taxing those war chests higher because sequestering that much money is bad for the economy as a whole. If you eliminated the corporate income tax, this money would instantly be some combination of (a) disbursed in dividends (b) brought back into the US and spent on expansions or acquisitions or (c) spent on stock buybacks, which would then be captured as capital gains tax. There's no need to make this more complicated.