Should the U.S. reduce corporate income tax rates?

42%

Yes

58%

No

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Should the U.S. reduce corporate income tax rates?

42%

Yes

58%

No

"Register to vote for this question"

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Learn More about Corporate Income Tax

Many countries impose corporate tax, also called corporation tax or company tax, on the income or capital of some types of legal entities. A similar tax may be imposed at state or lower levels. The taxes may also be referred to as income tax or capital tax. Entities treated as partnerships are generally not taxed at the entity level. Most countries tax all corporations doing business in the country on income from that country. Many countries tax all income of corporations organized in the country.

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The main motive of a government is to provide welfare to the society. In the recent times, it has come to light that misuse of welfare funds is being done. The physically and mentally capable adults are dependent on welfare of the government. Instead of government providing funds to this category, they can divert their funds to the areas, which need utmost attention and motivate these capable adults to contribute in the economy.


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