Quote:
Originally Posted by Slava
A corporation is a corporation. It’s not just for tax purposes, it’s a structure setup for operations. I know that when people hear “let’s tax those bad corporations”, they automatically think of those enormous multinationals who seemingly have money to burn. In reality, all those small businesses and mom and pop shops are corporations.
Small businesses make up a significant chunk of our economy, and raising taxes there is just shortsighted.
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What are you going on about?
The small business tax rate is 2%.
The general corporate tax rate is 8%.
You could probably go a step further and split the "general rate" into a medium and large corporation tax rate based on thresholds. Overall those rates are stupidly low.