> Corporate tax does not make sense because "income" and "profit" for a company are very loosely defined. Yes, the verbiage used by the IRS is awful; they use

> Corporate tax does not make sense because "income" and "profit" for a company are very loosely defined. Yes, the verbiage used by the IRS is awful; they use the term "income tax" to describe both the "personal revenue tax" and the "corporate profit tax". Unfortunately they're stuck with it because the 16th amendment uses (but does not define) the term "income". So if they call the thing that they're taxing anything other than "income", they have to deal with a bunch of clowns arguing that they aren't allowed to tax that.