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.
@7LP98RN9mos9MO
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@9V3NGJJLibertarian8mos8MO
Eliminate corporate income tax. Corporations don't pay taxes; they only collect taxes from their customers. Use a VAT to tax gross profits, with deductions for VAT already prepaid to suppliers, Whoever adds the greatest mark-up to his sales price is the one who pays the greatest share of the tax burden.
@9D8G35C2yrs2Y
Lower all corporate taxes slightly, but significantly lower taxes on small businesses
@9D72H8CRepublican2yrs2Y
Lower, as corporate taxes are merely hidden taxes on consumers, as corporations just pass the cost to consumers.
@92NC3T83yrs3Y
I want the government to consider implementing different tax rates for corporations based upon their income.
@92MNLGF3yrs3Y
I think there should be different tax rates for corporations based on their income.
@8LGGNCX5yrs5Y
Lower taxes for everyone, corporations included
@8KZVPCG5yrs5Y
Raise, unless a big corporation
@8KY5K7W5yrs5Y
Flat tax across the board!
@8CB2T4L5yrs5Y
Raise and close the loop holes
@939XZNY2yrs2Y
Raise taxes but offer tax credits for job creation, manufacturing added, infrastructure investments
@9BDMSXZ2yrs2Y
Remove all taxes. The government prints money at will anyways.
@9B47DGP2yrs2Y
Significantly raise the corporate tax rate, and eliminate loop holes
@99WXKWX2yrs2Y
Increase but provide large deduction for capital and r&d investment
@989XT3TLibertarian2yrs2Y
@96WKZM73yrs3Y
We need a tax bracket for corporations based upon the individual tax income bracket
@96RYRNJ3yrs3Y
We need a tax bracket system for corporations, with the personal income tax bracket being a model for setting up this concept.
@93XC4MB3yrs3Y
I think we need a tax bracket system for corporations based on their annual income. We have a tax bracket for individual and couple incomes, why hasn't our government thought of this concept?
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