Quote:
Originally Posted by Love2Swim
But we have corporations that make billions in profits each year and pay zero tax. That isn't right either. Corporations should be made to pay their fair share.
|
Corporate Income Taxes are just a pass-thru to consumers. A corporate tax rate change will only have short-term benefits/pain. Over the long run, corporations will adjust and pass it thru.
A vast majority of corporate tax breaks come from accelerated depreciation and R&D write-offs. These tax breaks are just timing events. If corporations don't continue to invest in capital and R&D, the timing benefit will reverse. Not to mention the economic benefits of their investments.