Should the U.S. raise or lower the tax rate for corporations?
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
@9FH77ZK7mos7MO
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
@9F7N5LX7mos7MO
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
@9FH77ZK7mos7MO
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
@95DR5292yrs2Y
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
@8HJQJ384yrs4Y
There should be an increase depending on the corporations current economic health.
@9B8JWDG1yr1Y
Raise and if they try to leave make them stay by force
@944MJ7B2yrs2Y
Raise for large multinational corporations but lower for small businesses along with eliminating deductions and loop holes
@8FK3FMF4yrs4Y
"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)
@9BN6Y6RAmerican Solidarity12mos12MO
Raise for multinational corporations but lower for small businesses, loopholes and deductions need to be eliminated
@9K8TKCG2mos2MO
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.
@8GPT5QK4yrs4Y
Increase for large corporations, lower for small businesses, remove deductions and loopholes.
@8LY8JQM3yrs3Y
Don’t know anything about this
@8YPWPDS2yrs2Y
Remove all taxes for corporations
@8XDXJV52yrs2Y
Raise, eliminate deductions and loop holes, and tax shareholder dividens
@95DFSVN2yrs2Y
Lower,for both large multinational corporations and small businesses.
@99MFTPG1yr1Y
Raise, and nationalize all industry
@96JVK6B2yrs2Y
Lower, except in the event they relocate jobs outside the US in which they should be punished.
@959K74L2yrs2Y
Lower,but for both large multinational corporations and small businesses.
@8Y64VZ6Republican2yrs2Y
@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
@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.
@9D2NND69mos9MO
Raise for large multinational corporations but lower for small businesses and tax shareholder dividends
Raise, and eliminate all deductions and loopholes
@96L89MX2yrs2Y
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
@9FJWLW37mos7MO
The government should not tax corporations
@9CJ6CB67mos7MO
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.
@8ZJZ74N2yrs2Y
This depends on the type of corporation.
@8ZJH5GHLibertarian2yrs2Y
Raise but offer tax cuts and incentives for job and wage growth
@8QRVVHN3yrs3Y
Tax is theft and no one should be taxed.
@8C4Q6CXRepublican4yrs4Y
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.
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