View Poll Results: Should we Raise or Lower the Corporate Tax Rate

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  • Raise

    5 15.63%
  • Lower

    24 75.00%
  • Unchanged

    3 9.38%
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Thread: Should we Raise or Lower the Corporate Tax Rate?

  1. #1
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    Should we Raise or Lower the Corporate Tax Rate?

    What do you think?

    This is how our current Corporate Tax Rate of 40% compares to other countries.



    ......The Most Business Unfriendly Country in the World (D).......


    Common sense would say lower the Corporate Tax Rate.......most Democrats on the other hand, say Corporate Tax Rates should be increased.......as raising taxes on Businesses and Evil Rich People is of course the alltime and current universal liberal solution to all ails.

    Now the Left will contend that "Corporations dont pay taxes"....."Corporate subsidies"......"Corporate Welfare"......"Corporations need to pay their fair share"......"I believe every word Obama says"...."Shipping Jobs Overseas"......as their justification for raising taxes on corporations.

    ....and while there are exceptions, GE, and blue moons, if there was more than a shred of truth to the Democrat's portrayal of Corporations in this country........WHY DOES THE MASS EXODUS OF CORPORATIONS W/JOBS continue in this country? Why do so few countries SHIP THEIR JOBS TO THE US?


    I say lower the Corporate Tax Rate to 10%, with a 10% flat tax on individuals, and make this country The Most Business and Consumer Friendly Country in the World. Remove the Liberal chains, and begin to welcome Businesses w/Jobs back to this country, and stop chasing MADE IN THE USA businesses out.

    The Greatest Country in the World.......Businesses dont leave these shores willingly.......its at the end of a Democrat whip.
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    Last edited by Badmutha; 04-13-11 at 01:08 AM.

  2. #2
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    Re: Should we Raise or Lower the Corporate Tax Rate?

    I would like to remove corporate taxation entirely, but offset it (at least partially) by taxing capital gains at the normal income tax rate. If we got rid of corporate taxes, it would end the problem of double taxation, it would keep corporations here, it would greatly simplify our tax code, and (assuming that US citizens were the primary investors in US corporations) it wouldn't really decrease our tax revenue very much.

    Generally I'm opposed to more tax cuts until we get our deficit under control. But corporate taxation is one area where I might make an exception.
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    Re: Should we Raise or Lower the Corporate Tax Rate?

    I'm definitely for cutting corporate tax rates.
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    Re: Should we Raise or Lower the Corporate Tax Rate?

    I agree that we should lower corporate tax rates.
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    Re: Should we Raise or Lower the Corporate Tax Rate?

    Quote Originally Posted by Kandahar View Post
    I would like to remove corporate taxation entirely, but offset it (at least partially) by taxing capital gains at the normal income tax rate.
    Not bad...I could go along with that...as long as by normal you mean 10% or less.....
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  6. #6
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    Re: Should we Raise or Lower the Corporate Tax Rate?

    I think we should lower and possibly remove the corporate tax rate. Expenses that companies have to pay is passed down to the consumer. So removing Corporate tax would help consumers.
    Last edited by jamesrage; 04-13-11 at 02:55 AM.
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    Re: Should we Raise or Lower the Corporate Tax Rate?

    if we move to tie capital gains tax more firmly to income tax rates, we need to follow the bowles-simpson / Ryan move where we lower top tax rates while reducing loopholes, and allow the deduction of inflation. so, if you purchase a house for 100,000 and own it for 25 years in which we see an average of 2.5% inflation a year, then the first $187,000 of whatever you sell it for should be tax free.

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    Re: Should we Raise or Lower the Corporate Tax Rate?

    Quote Originally Posted by jamesrage View Post
    I think we should lower and possibly remove the corporate tax rate. Expenses that companies have to pay is passed down to the consumer.
    while in the meantime spending oodles of money attempting to circumvent sending off a paycheck to the government. money they would otherwise be putting into either price reduction or production.

  9. #9
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    Re: Should we Raise or Lower the Corporate Tax Rate?

    I like Ryans Plan. Reduce it to 25% and get rid of the loopholes.
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    Re: Should we Raise or Lower the Corporate Tax Rate?

    Quote Originally Posted by jamesrage View Post
    I think we should lower and possibly remove the corporate tax rate. Expenses that companies have to pay is passed down to the consumer. So removing Corporate tax would help consumers.
    This strikes me as somewhat naive. Corporations are based around making money, not helping their consumers (although the two are sometimes one in the same). Just look at the companies we bailed out, and their record breaking bonuses.

    I'd argue that until we remove corporate tax loopholes, these figures are completely meaningless anyway.
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