07-26-2017, 07:43 PM
(07-26-2017, 07:34 PM)TheLeonardLeap Wrote: Yes, but then the US would have both high corporate AND income tax rates.
You can get away with one or the other, but both will probably hurt you. Nobody likes working for free.
I don't know, there are quite a few economically powerful countries with high rates in both.
![[Image: Effective_Corporate_Tax_Rate_OECD_Countr...verage.jpg]](https://upload.wikimedia.org/wikipedia/commons/a/ae/Effective_Corporate_Tax_Rate_OECD_Countries%2C_2000-2005_Average.jpg)
Note that the image is old and Switzerland has decreased their rate since then. What has happened since then? European austerity measures that, arguably, did not help the recovery from the Great Recession as much as stimulus could have. The problem is that we keep cutting rates, all of these countries do, but in the good economic times we need to increase revenues and cut spending.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
