We changed the corporate tax rate in 2017 and 2014 and have been collecting less and less taxes. Since corporations l are people, and they make the most amount of taxable income, we should be charging them more! They use public services such as roads and cause more pollution etc we should not be subsidizing their use.
We changed the corporate tax rate in 2017 and 2014 and have been collecting less and less taxes.
As I explained above, this is not correct. In fact, the opposite is true. Tax revenue continues to trend up. They did not not decrease after 2014 or 2017.
Corporate tax needs to be increased.
Even if it results in less tax revenue, and poor people becoming even poorer? I don’t agree. I think we should help poor people, not hurt them.
P.L. 115-97 permanently reduced the 35% CIT rate on ECI to a 21% flat rate for tax years beginning after 31 December 2017.
https://www.pgpf.org/blog/2023/04/six-charts-that-show-how-low-corporate-tax-revenues-are-in-the-united-states-right-now
We changed the corporate tax rate in 2017 and 2014 and have been collecting less and less taxes. Since corporations l are people, and they make the most amount of taxable income, we should be charging them more! They use public services such as roads and cause more pollution etc we should not be subsidizing their use.
As I explained above, this is not correct. In fact, the opposite is true. Tax revenue continues to trend up. They did not not decrease after 2014 or 2017.