> Is it really the spirit of the tax code that $1 in profits earned by a business should really yield $0.48 to the federal government? But it's profits and not

> Is it really the spirit of the tax code that $1 in profits earned by a business should really yield $0.48 to the federal government? But it's profits and not revenues. It's the government that defines what those profits are with their tax deductions, etc. So I think it's pretty fair. A big hint is up North in Canada where the corporate tax rate is lower: corporations aren't magically more profitable. Canadian dividend recipients even get a 50% deduction on dividend income to account for the corporate income tax already paid. Yet you don't see American dividend investors flocking to Canadian equities do you?