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Congress Stands on Edge of Fiscal Cliff, Considers Jumping

146
lostlakehiker12/30/2012 2:56:58 pm PST

re: #34 watching you tiny alien kittens are

Why do we need a reduction in the corporate rate tax when they are already making the highest profits ever? Not just in monetary terms but also as a percentage of the national GDP. Even with the existing tax rates many corporations are paying nothing or next to nothing while profiting billions.

You just need to hire a lobbyist to spread a few campaign donations around then get a congressman to submit a loophole for your business. They do it all the damn time, no big deal, then it wont matter anymore what the statutory rate is.

What difference does it make whether a tax is levied on a corporation, or on the corporation’s customers, managers and workers? It would be better to simply bump up federal income tax rates and drop corporate taxes. That way, you’re not randomly taxing some mix of the groups named above without having any idea who really bears what portion of the cost. It’s also harder for corporations to lobby their way out of the tax if there isn’t any such thing or if it’s low enough to be consistent with what other nations do.