U.S. business contributes smallest share of federal taxes in a generation
I still don’t understand corporate income taxes. These are just pass through entities. All the money goes to actual people which are a lot easier to tax than a corporation. I think it’s such a waste of human capital having corporations incentivized to spend on armies of lawyers and accountants trying to come up with some baroque legal construction to avoid taxes. Maybe I am ignorant about tax law but people seem a lot harder to “invert” to cheaper tax jurisdictions no matter how rich they are.I would even go as far as saying that payroll taxes are the same. Taxes hidden from the general public with weird incentives that break stuff in unexpected ways. We would be better served with more income, property or sales/vat taxes.