[randolph]

Originally Posted by TracyCoxx

It was discussed here.

I haven't thought a lot about corporate tax rates, so my opinion probably isn't worth much and I'm sure plenty of holes can be shot through it because it's a huge issue and like I've said I haven't thought a lot about it. Tax on corporations include income tax, employment taxes and excise taxes correct?

All these taxes are passed on to and actually paid by customers, employees, suppliers, and shareholders. Many of these people are already paying income tax or sales tax so it seems that in taxing a corporation, the government is really potentially taxing customers, employees, suppliers, and shareholders twice, which I don't think is right. Excise taxes is a very thorny issue. Some of it is probably warranted, other parts of it, I don't
think so.

One opinion I am sure of is that corporations shouldn't be taxed to the point where they are not competitive against foreign businesses. Otherwise the corporations will relocate some or all of their work to other countries and drive their economy instead of ours.

There is some logic in just taxing just individuals. Of course corporations and individuals would have to be closely monitored to prevent cheating. Also the capital gains tax would also have to be progressive instead of a mere 15%.