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> corporate taxes should absolutely be lower, they're among the highest in the world. Effective Rate So lets say Corporate Tax is a 20% flat tax from 35% the
by baldfat 9y ago
> corporate taxes should absolutely be lower, they're among the highest in the world.
Effective Rate
So lets say Corporate Tax is a 20% flat tax from 35% the taxes would actually increase. Because they are actually paid at around 15% and no where close to highest in the world. We are actually on par or bellow the average tax rate across the world. https://www.forbes.com/sites/eriksherman/2017/04/24/trumps-corporate-tax-slash-ignores-how-litte-companies-already-pay/#239c8ff758aa https://www.forbes.com/sites/eriksherman/2017/04/24/trumps-c...
Personally I would love to see a drop of corporate federal taxes and place them more on the individuals. Tax the shareholder and those that profit from the corporations. The truth is this isn't happening and why we see the money continually going to the top and not filtering down. Corporations are incentivized to lower wages and benefits to extract more profit. As the economic disparity continues to climb and the burden is placed on the middle and lower class to support profit growth. Looking at taxes for the national safety net for the working poor, higher utilities bills, and higher medical expenses and insurance cost. None of these are of concern for the wealthy.
We can't even have a conversation on what is fair for the working poor and instead we disincentive work in America. The "conservatives" today are just totally Libertarians who could careless if work is incentivized.