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If we want the rich to pay more taxes, it would be simpler to just raise taxes on the rich individuals. Things get more complicated when you try to tax an abstr
by jbaudanza 9y ago
If we want the rich to pay more taxes, it would be simpler to just raise taxes on the rich individuals. Things get more complicated when you try to tax an abstraction (a corporation).
- adventured 9y agoEverybody else has already long since figured that out of course and are cutting their corporate income tax rates significantly, while half the political sphere in the US is still arguing about taxing corporations more. Meanwhile, in Sweden: 22% statutory corporate income tax rate; Finland: 20%; Denmark: 24.5%; Norway 27%. Those horrible socialists!
- Synaesthesia 9y agoBut you have to look at the effective rate after deductions, which are very significant in the US.