The U.S. currently levies a 35% 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.
@ISIDEWITH10yrs10Y
Raise
@9FH77ZK2 days2D
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.
@ISIDEWITH10yrs10Y
Lower
@9F7N5LX2wks2W
Look at OECD countries data, lower corporate tax rates lead to higher corporate tax as percent of GDP.
@ISIDEWITH10yrs10Y
@ISIDEWITH10yrs10Y
@ISIDEWITH10yrs10Y
Lower, but eliminate deductions and loop holes
@9FH77ZK2 days2D
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.
@ISIDEWITH10yrs10Y
@ISIDEWITH10yrs10Y
@8LYMN8ZIndependent3yrs3Y
Lower for small businesses, raise for big businesses, eliminate deductions, and loop holes
@95DR5291yr1Y
Lower for both large multinational corporations and small businesses.
@8HJRBDY3yrs3Y
Lower as long as the money the company gets in tax backs gets used in the economy to create more jobs
@8HJQJ383yrs3Y
There should be an increase depending on the corporations current economic health.
@9B8JWDG6mos6MO
Raise and if they try to leave make them stay by force
@944MJ7B1yr1Y
Raise for large multinational corporations but lower for small businesses along with eliminating deductions and loop holes
@8FK3FMF3yrs3Y
"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)
@9D2NND62mos2MO
Raise for large multinational corporations but lower for small businesses and tax shareholder dividends
Raise, and eliminate all deductions and loopholes
@8Y64VZ6Republican2yrs2Y
@99MFTPG7mos7MO
Raise, and nationalize all industry
@96JVK6B11mos11MO
Lower, except in the event they relocate jobs outside the US in which they should be punished.
@959K74L1yr1Y
Lower,but for both large multinational corporations and small businesses.
@8NN9YCL3yrs3Y
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.
@96L89MX11mos11MO
Lower, but eliminate loopholes, & punish those who relocate outside of the country.
@8Z2WLJ42yrs2Y
Eliminate corporate taxes as they are really taxes on the people, since corporations will raise prices and/or lower wages and benefits to compensate.
@8PH88B73yrs3Y
Raise for larger multinational corporations
@8P2MDFD3yrs3Y
Slightly lower, but eliminate loop holes
@8NS264C3yrs3Y
Doesn't matter. Some corporations would probably just move that tax to their employees.
@8NRB5WP3yrs3Y
Eliminate loopholes for all businesses and individuals Increase rates for big corporations Decrease for small business
@8ZJZ74N2yrs2Y
This depends on the type of corporation.
@8ZJH5GHLibertarian2yrs2Y
Raise but offer tax cuts and incentives for job and wage growth
@8QRVVHN3yrs3Y
@8C4Q6CXRepublican3yrs3Y
What kind of question is this? Don't we like the readily available goods we all receive? Don't we all enjoy the technology and ease-of-access these CORPORATIONS afford us? We should not stifle them.
@8CNM93J2yrs2Y
Higher taxes for them means lower taxes for you, and they already make more money than they could ever dream of using.
Raise, eliminate all loopholes, and harshen penalties for tax evasion
@9FBWY6Q1wk1W
Raise their taxes, eliminate loopholes, ban lobbying, and strip the rich of all their power
@9FBBC5Q1wk1W
raise, but abolish private corporations.
@9F9YB4D1wk1W
It depends on the state of system in these corporations
@9F9GMWW1wk1W
@9F9LZ941wk1W
Raise the tax rate for corporations, eliminate deductions and loopholes, and increase the tax rate for large multinational corporations, but lower the tax rate for small businesses
@9F8LB4B1wk1W
Raise for abusive corporations
@9F84L4P2wks2W
I’m unsure on this topic.
@9F7SNL52wks2W
Eliminate all taxes and replace them with nothing
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