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Corporate taxes are about 11% of total Federal revenue. If they were cut to zero, that would be bad, but it would not cause the collapse of the dollar or a war.
by twblalock 8y ago
Corporate taxes are about 11% of total Federal revenue. If they were cut to zero, that would be bad, but it would not cause the collapse of the dollar or a war.
- dd36 8y agoA $350 billion annual increase in debt would result in default.
- qaq 8y agoyou do realize that money will become someone's income and still will result in tax payments?
- dd36 8y agoHuh? The federal government has current expenses. It needs sufficient income to cover those expenses. Cutting income without cutting expenses is incompetence. Indeed, it should be illegal. Want to cut taxes? Cut spending at the same time or pound sand.