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With Washington Now Imposing the World’s Highest Corporate Tax Rate, Every Day is April Fool’s Day for American Companies

johnm h Wrote: Apr 02, 2012 5:05 PM
and then taxed at a lower rate. Stockholders still pay most of the tax, getting ripped off by CEOs, but costs are also passed to consumers because of higher cost of goods sold. The tax should be eliminated, corporate taxes sould be taxed as ordinary income of the stockholder of record, or as dividends and capital gains but not at the corporate level, they are distorting, and wasteful. We wont eliminate them because Corporate management likes them.
Corbett_ Wrote: Apr 02, 2012 6:18 PM
You are right that the corporate tax laws are designed to help corporate offices (i.e., political donors) plunder companies.

Last year, I expressed skepticism that the White House was serious about reducing the corporate tax rate. And, sure enough, when the Obama Administration produced a plan earlier this year, it was a disappointing mix of a few good provisions and several unpalatable proposals.

This is unfortunate because the United States has one of the most punitive corporate tax systems in the developed world. Indeed, every singe European welfare state has a lower corporate tax rate than America – even leftists nations such as France and Sweden!

For a long time, only Japan...

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