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The US has one of the lowest _effective_ tax rates for corporations which is the rate they actually pay at.
by wavefunction 10y ago
The US has one of the lowest _effective_ tax rates for corporations which is the rate they actually pay at.
- sanoli 10y agoI didn't know that. I always thought it very unfair that individuals have a much higher tax percentage to pay than corporations, and somehow I tought the US wasn't like that.
- adrianratnapala 10y agoWhy is that unfair? Perhaps the fairest system would remove corporate taxes entirely and recoup it from income tax increases. That way rich shareholders will pay at the maximum tax rate, while ordinary savers who's mutual fund happens to invest in a corportation pay at a lower rate. There could be practical reasons against such a scheme, Maybe it would be easier to game than the current system. But the point is, fairness consists in distributing the tax burden among people -- abstractions like "corporation" are neither here nor there.