"America drops the corporate income tax to 0% ..." Both your proposal (corp rate of 0%) and the objections to your proposal (that individual income will be shi

"America drops the corporate income tax to 0% ..." Both your proposal (corp rate of 0%) and the objections to your proposal (that individual income will be shifted onto corporate ledgers) are already extant, and addressed, in US tax code. Any business can incorporate under subchapter-S, or as a form of LLC/LLP and pay zero taxes. Very common. Happens all the time. The catch is, you cannot carry income on the books arbitrarily. For the most part, you are forced to distribute the proceeds among the shareholders/partners before the end of the year - thus subjecting it to regular and frequent taxation. On the other hand, if you want to carry proceeds forward in the business and park them there, for whatever reason, you need to be a C-Corporation and are subject to double-taxation: corporate taxes and then, later, individual taxes once the monies are finally distributed. So you have that choice. If you want the flexibility and fewer shareholder restrictions of a "C" corporation, you need to pay corporate taxes. Personally, I prefer the simplicity of an S-corp and, as a bonus, the income is not double taxed.