SHOULD POLITICIANS REDUCE CORPORATE TAX RATE TO ZERO PERCENT?
- JamesLv 71 month agoFavorite Answer
I am on the fence about zero corporate tax rate. Perhaps if we eliminate the loopholes by “withholding” taxes from payoffs to shareholders and capital gains, etc.
- SocratesLv 71 month ago
That may be a little extreme, but Herman Cain was on to something with his 999 plan.
- Anonymous1 month ago
Corporations benefit from the public infrastructure (road, utility, governmental and judiciary system) and should contribute to its maintenance.
- 1 month ago
Why? Profiteering wealthy corporations rely on taxpayer-funded highways, airwaves, roadways, sidewalks, police or fire protections, and all sorts of enriching taxpayer-provided perks for their CEOs and Board members with multi-million-dollar salaries. Paying a FAIR-SHARE revenues-producing, infrastructure-repairing tax rate like the moderate 39% in budget-balancing Bill Clinton's presidency seems not only wise, but the RESPONSIBLE thing to do. Even the sane bills-paying 37% rate for the nation's richest 1.5% during the Obama/Biden administration, approved by the 111th "most productive Congress since Eisenhower" (C-SPAN News rating) run by fiscally wise Democrats was useful in paying down the massive GOP-caused debt and deficit.
The answer is, of course, no. I really like the proposal by Senator Elizabeth Warren (D-MA) to add a two-cents tax on every dollar above the first million for the wealthiest elites. It doesn't sound like much, but this 2 cents on each above-one-million dollar would produce so much revenue that we could ultimately do as Bill Clinton did ("The Clinton Presidency: Key Accomplishments") and prosper greatly while paying down both debt and deficit.
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- Cul-De-Sac777Lv 41 month ago
Yes, objects shouldn't be taxed, only people.
- scott bLv 71 month ago
Considering we have a deficit of $3 Trillion and a debt over $25 Trillion....that would be a really STUPID thing to do.
- Blocking BackLv 71 month ago
Since they all just get passed on to consumers anyways, I'll say yes.
- SordenhiemerLv 71 month ago