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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (613174)5/26/2011 2:53:21 PM
From: longnshort1 Recommendation  Read Replies (1) | Respond to of 1583389
 
how many flow though corps like LLCs and sub 'S' s were there in 1955 ?



To: bentway who wrote (613174)5/27/2011 7:13:47 PM
From: TimF1 Recommendation  Respond to of 1583389
 
Today with lower personal rates, and with flow-through corporate structures that cause the owner(s) of the company to pay the taxes rather then the corporation paying them as a corporation, its hardly a surprise that corporate tax revenue is a lower portion of federal revenue.

Also other countries have reduced corporate income tax rates, while we have kept ours high. This gives corporations an incentive to realize their income overseas rather than here.

Both factors contribute to the fact that we would get more revenue from the corporate income tax, if we decreased corporate income tax rates. And not just from those two factors, also from more corporate investment over time, as higher after-tax returns encouraged more investment, and from less attempts to put that investment in tax shelters.