Should the U.S. raise or lower the tax rate for corporations?
The U.S. currently levies a 21% tax rate at the federal level and an average tax of 4% at the state and local level. The average corporate tax rate worldwide is 22.6%. Opponents of argue that raising the rate will discourage foreign investment and hurt the economy. Proponents argue that the profits corporations generate should be taxed just like citizen’s taxes.
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@ISIDEWITH11yrs11Y
Raise
@9FH77ZK2yrs2Y
A flatter corporate tax code, with fewer deductions and loopholes, may disproportionately benefit larger corporations with the resources to navigate complex tax regulations. Smaller businesses that rely on certain deductions to remain competitive could face disadvantages, potentially reducing economic diversity and stifling innovation.
@ISIDEWITH11yrs11Y
Lower
@9F7N5LX2yrs2Y
Look at OECD countries data, lower corporate tax rates lead to higher corporate tax as percent of GDP.
@ISIDEWITH11yrs11Y
Lower, but eliminate deductions and loop holes
@9FH77ZK2yrs2Y
While simplifying the corporate tax code by lowering rates and eliminating deductions and loopholes can seem like a sound idea, it may not necessarily achieve the intended benefits and could exacerbate certain issues.
@8LYMN8ZIndependent4yrs4Y
Lower for small businesses, raise for big businesses, eliminate deductions, and loop holes
@95DR5293yrs3Y
Lower for both large multinational corporations and small businesses.
@8HJRBDY4yrs4Y
Lower as long as the money the company gets in tax backs gets used in the economy to create more jobs
@7LP98RN 7mos7MO
Update This Question
When you click the "Learn More" tab it claims that the corporate tax rate (federal) is 35% but the Trump tax cuts lowered this to 17%. That's an important distinction for people who answer this question that may not have much prior knowledge about the corporate tax rate. Also, the international average is in the low 20%.
@8HJQJ384yrs4Y
There should be an increase depending on the corporations current economic health.
@9S2PDWW8mos8MO
The United States should eliminate the loopholes and deductions that allow companies to send their labor force or their facilities overseas to foreign countries, To take advantage of the cheap labor and lack of workers rights. And there should be an increase in corporate taxes here in the United States, but not by much, by 4% at the least and 8% at the most. And we should offer tax deductions For corporations that employ a large number of veterans Or pay decent wages to their workers so they can maintain a minimum standard living in the area they are in.
@ISIDEWITH7mos7MO
Do you feel there's a moral obligation for corporations to pay a certain level of taxes, or is their primary duty to maximize profits for shareholders?
@DavePascal5mos5MO
I think everyone should be taxed, but tax the rich and give back to the poor
There is a formal obligation for corporations to pay a certain level of taxes
@9TQB2L47mos7MO
Income into the final user's hand should be taxed at the same level, whether earned via wages, via capital gains, or via dividend, etc. That requires a re-look at the tax world, both corporate and personal.
@9B8JWDG2yrs2Y
Raise and if they try to leave make them stay by force
Raise significantly for large corporations but lower for small businesses, and also eliminate loopholes and deductions.
@9D46LLB2yrs2Y
Privately Owned Corporations Should Not Exist
@9K8TKCG1yr1Y
Lower, for Small businesses but keep multinational corporations at the same level and eliminate loopholes and some deductions and also eliminate older and less important regulations.
@8NRB5WP4yrs4Y
Eliminate loopholes for all businesses and individuals Increase rates for big corporations Decrease for small business
@ISIDEWITH7mos7MO
@9FJWLW32yrs2Y
The government should not tax corporations
@9CJ6CB62yrs2Y
Regulation and taxation should be the number one thing corporations face, they already have incredible reach over the decisions the government makes. The least that can be done is taxation on legal entities that have bribed and exploited politicians.
@8QXZVH3Libertarian4yrs4Y
Abolish all federal taxes.
Deleted2yrs2Y
Replace all taxes with a land value tax.
@8Y64VZ6Republican3yrs3Y
@944MJ7B3yrs3Y
Raise for large multinational corporations but lower for small businesses along with eliminating deductions and loop holes
@8FK3FMF5yrs5Y
"Lower on small and midsize businesses, and raise on big and large corporations, and tax shareholder dividends and on stock buybacks." (Submitted stance by user)
@8NN9YCL4yrs4Y
Taxes should be proportional to income/profits. Close the tax loop-holes for the uber rich while giving incentives for creating jobs and investing in the local communities. The country needs a tax reform to give lower income people a much needed break and introduce a reasonable and fair amount of tax to people based on their earnings/income with the richest taxed at a higher weight.
@8Z2WLJ43yrs3Y
Eliminate corporate taxes as they are really taxes on the people, since corporations will raise prices and/or lower wages and benefits to compensate.
@96JVK6B2yrs2Y
Lower, except in the event they relocate jobs outside the US in which they should be punished.
@8ZJZ74N3yrs3Y
This depends on the type of corporation.
@96L89MX2yrs2Y
Lower, but eliminate loopholes, & punish those who relocate outside of the country.
@8ZJH5GHLibertarian3yrs3Y
Raise but offer tax cuts and incentives for job and wage growth
@8KMDFMB4yrs4Y
Ban multinational corporations, and raise slightly for in country corporations
@8QRVVHN4yrs4Y
@96SS7YC2yrs2Y
Eliminate corporate tax, income tax, raise sales tax in accordance to responsible spending plans from government.
@93CNSH33yrs3Y
Abolish all taxes and the IRS
@8TLF4HM4yrs4Y
Raise for big corporations
@8NY8RG74yrs4Y
Raise, and get rid of deductions and loopholes.
@B4DP8JL1wk1W
Raise for corporations that offshore US jobs, lower for corporations that create manufacturing jobs in the US
@B4CSJFP1wk1W
The U.S should lower the tax rate for corporations because raising the rate will discourage foreign investment and hurt the economy.
@B4B5FVS2wks2W
It should vary. Small businesses and corporations engaging in ethical behavior should receive tax cuts, especially if they are more ethical than what the law requires. It should vary for most corporations, and they should be raised for corporations engaging in unethical or unlawful behavior. We should also tax shareholder dividends if necessary for a temporary amount of time.
@9L4Z23BIndependent 2wks2W
Lower - US tax code should be more competitive with Ireland, who is a common tax haven. Lower non-passive income rates to 12% and increase passive income rates to 20%.
@B48ZGNN2wks2W
I support a national sales tax, with no deductions, for individuals, sole proprietors, partnerships, and corporations.
@B46RCY82wks2W
Going back to the taxes on the rich, the taxes I described earlier won't be on the people themselves, but the company as a whole. A tax on land could be raised. For small buisnesses, they buy from higher-ups, so for them to have their taxes raised would be quite a strange loophole.
@B45H73W3wks3W
Lower the tax rate for corporations overall, but raise taxes on corporations engaging in unlawful/unethical behavior.
@B43X2RT3wks3W
you don't want to tax them out of town to where they can't make a profit and move their company elsewhere, but possibly they should raise the tax...
@B43WNJ7Republican3wks3W
If the corporations are working for American purposes, only then yes lower the tax, if not slightly increase it.
@B43HWK2Constitution3wks3W
Raise taxes on corporations, eliminate loopholes, and enforce pricing control so corporations cannot make up the difference with increases in cost of goods. Companies have been making record profits from raising prices while not paying employees livable wages and exploiting tax loopholes.
@B42X8983wks3W
Raise taxes for corporations that have negative social, environmental, or economic impacts on the overall population.
@B3VGV2T 4wks4W
The question of raising or lowering the U.S. corporate tax rate is a complex one, with arguments on both sides. Some proponents of a lower rate argue it would stimulate economic growth and investment, while those in favor of a higher rate contend it could increase government revenue and make the tax system more progressive.
Arguments for Lowering the Corporate Tax Rate:
Stimulates Investment and Growth:
Lowering the corporate tax rate could make the U.S. a more attractive place for companies to invest, potentially leading to job creation and economic growth.
Global Competitiveness:
A… Read more
@B3VH4MW4wks4W
it varies at times so businesses benefit society and some benefit small towns but sometimes it can make it harder for these benifical businesses if they are choked by tax costs
@B3S26YC1mo1MO
Raise but like it was before Reagan, encouraging companies to instead pay employees or invest back into their own companies.
@B3RTGX81mo1MO
lower for small business, higher for large multinationals not mainly based in us, eliminate deducitonsa and loopholes
@B3QWXWS1mo1MO
The corporate tax rate should be raised. There should, however, be incentives for job creation, but they should be directly tied to the number of jobs created.
@9L4Z23BIndependent 1mo1MO
Lower, and implement a 15% Destination Based Cash Flow Tax, with 200% deductions for R&D costs, 150% deduction on US based CapEx (with 70% of goods and labor US sourced), 150% deduction on workforce development investment, and 100% deductions on healthcare premium and out of pocket cost support, childcare support, retirement contributions, HSA contributions, and US sourced labor and materials
@B3P4HQSIndependent1mo1MO
Adjust taxes so it brings manufacturing back to the United States. Eliminate the loopholes corporations use.
@B3JDFQ51mo1MO
Raise rates for large multinational corporations by 4 to 8% and eliminate deductions and loop holes. Lower rates for small businesses.
@B3HCRNB1mo1MO
Raise it for big corporations, although leave small businesses unaffected, as well as eliminate deductions and loopholes
@B3GGFNK1mo1MO
Remove taxes on corporations since that liability is just passed on to the consumer. Stockholder dividends are already taxed.
Raise, taxes on big corporations to 99%. Only lower their taxes if they raise wages RADICALLY and LOWER their prices RADICALLY and hire as many workers as extremely possible. They must also provide all basic and excellent benefits in all forms to all their workers (such as eternal paid family leave, excellent healthcare, they must be in a union if the worker wants to, 100% green, child allowance, childcare, Christmas bonus, 3-5 month vacation, workers safety and radical no matter what sick leave, 2 hour breaks, the best pension ever and lower working hours as much as extremely possible and ALL BENEFITS. Taxes can be from 40% to 70% in that context and we pay their administrative costs. Small and medium business tax free but they must also do these thing, we pay their administration fees.
@B3B7T572mos2MO
Tax more, however prevent them from raising prices to an unreasonable sum or prevent them from partaking in loopholes
@B365RNY2mos2MO
The tax rate on larger corporations should be based on the amount of employees. The more employees the corporation has the less taxes they should pay in, in an effort to increase hiring and create more jobs.
@B35C8WL2mos2MO
Should Ireland prime minister shared holds in stand by are alert for larger small business and words issued by Australia prime minister impacted by new ownership loops
@B34HB8P2mos2MO
Again taxation shouldn't be a forced thing. Those who wish to use services in a community should willingly give to the community with a cap on maximum and minimum percentages. that percentage should be considered "pennies" to everyone who makes an income regardless of how much they make.
@B33XPRJLibertarian2mos2MO
There should be no taxes other than income tax. Income tax should be 5% flat for all businesses and people.
@B33NNN92mos2MO
Lower taxes for corporations in general, but raise them on corporations engaging in bad behavior. Deductions and loopholes should also be eliminated.
@B2XQJHD2mos2MO
Ireland prime minister with request sincerely Australia prime minister share their thought is tough decision by keeping the loops partners of Australia prime minister is ok good ole best
@B2XL46H2mos2MO
As long as the colorations are taking care of their employees financially, it’s no ones business how much they make
@B2TZCSTIndependent2mos2MO
Tax revenues and not profits at 5%, tax land use at 5%. Automatically disburse proceeds to citizens.
@B2TSSGR2mos2MO
Keep current rates for multinational corporations and lower rates for small businesses and eliminate deduction and loopholes.
@B2SZWC92mos2MO
Workers should own their respective industries' corporations under workers' councils and these councils will pay firm-wide taxes instead of individual. In contrast, small businesses should not be taxed if they break even.
Raise taxes on big corporations to 99%. Only lower their taxes if they raise wages RADICALLY and LOWER their prices RADICALLY and hire as many workers as extremely possible. They must also provide all basic and excellent benefits in all forms to all their workers (such as eternal paid family leave, excellent healthcare, they must be in a union if the worker wants to, 100% green, child allowance, childcare, Christmas bonus, 3-5 month vacation, workers safety and radical no matter what sick leave, 2 hour breaks, the best pension ever and lower working hours as much as extremely possible and ALL BENEFITS. Taxes can be from 50% to 70% in that context and we pay their administrative costs. Small and medium business tax free but they must also do these things.
@B2R684N2mos2MO
Remove taxes on US citizens. Tax the immigrants and other nations citizens that reside within the country.
Raise, but also reduce discretionary deductions and eliminate existing loop holes for certain industries.
@TheHillbillyLordRepublican 2mos2MO
Lower, so that all corporations pay the same flat tax rate regardless of profit, but eliminate all deductions and loop holes
@B2Q9CDP2mos2MO
It should be higher for larger for multinational corporations and lower for small businesses but people shouldn’t attack or rebel the government if that isn’t the case in their area instead they should peacefully make suggestions about it.
@B2Q5VRR2mos2MO
Larger corporations should be taxed more and smaller business less. It should be based off how much revenue the company makes.
@B2PMTB42mos2MO
Raise the corporate tax rate and heavily tax cash hoarded in corporate coffers. Those funds are supposed to trickle down to the front line workers who created it. If they do not, we need to take it back to fund the public assistance programs needed by those low wage workers.
@B2DW5WB3mos3MO
Lower, but eliminate deducations and loop holes AND lower taxes on coorporations but tax shareholder divideneds at a higher rate to discourage errounious behavior.
@B2C77JG3mos3MO
Maintain the current rate, but offer a 15% tax rate for businesses that conduct manufacturing and all operations in the United States.
@9L4Z23BIndependent 3mos3MO
Lower, and implement a 12% Business Transfer Tax for all US corporations headquartered in the US with 80% of payroll going to American citizens. 24% BTT for all foreign corporations on US related transfers and on all US corporations headquartered in the US with less than 80% of payroll going to American citizens
@B287PQWIndependent3mos3MO
Maintain the current tax rate for all corporations. However, lower the tax rate or provide incentives for companies that make their product here in America. Also, remove deductions and loop holes.
@B26RHKH4mos4MO
Lower only for corporations that make their product in the U.S. Otherwise, the tax rate should remain as is. Also, eliminate deductions and loopholes for large corporations
@B263VLY4mos4MO
increase for large multinational corporations not headquartered in the us and eliminate deductions and loopholes, lower by 5% for small businesses
@B243YG2Republican4mos4MO
It all depends. Tax cuts on those corporations allow for them to grow and expand to make more product for this country. But on the other hand, this can at times allow them to be a monopoly.
no more loopholes, and collect for years where they effectively paid 0 dallars(just a flat rate no penalty or legal punishment. just collect)
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