By 2001, subchapter S corporations accounted for almost one-fourth of all before-tax corporate profits.
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Our model takes current after-tax corporate profits and divides by our best estimate of fundamental interest rates.
The latest figures also showed that after-tax corporate profits unexpectedly rose by 1.1%.
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Sullivan has long been an advocate of corporate tax reform so he finds earmarking the tax to pay for lower corporate tax rates appealing.
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The new members have also upset the old with their taste for flat and often low rates of personal income tax and corporate tax, chosen mainly for ease of collection.
Now, with respect to corporate tax reform, the whole concept of corporate tax reform is to simplify, eliminate loopholes, treat everybody fairly.
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The U.S. corporate tax rate stands at 35 percent, the highest corporate tax rate in the developed world.
When it comes to the corporate tax rate, we could actually lower the overall corporate tax rate, which would make us more competitive, if we closed up a whole bunch of these loopholes that special interests and lobbyists have been able to get into the tax code.
The U.S. corporate tax rate is more than 39 percent and the average corporate tax rate in Europe is less than 25 percent.
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This is on top of the current corporate tax rate of nearly 40% nationwide on average, counting state corporate tax rates.
Trade tax, a corporate tax that is the biggest source of local revenue, is rebounding with the economy.
The current corporate tax rate of the United States, according to a study by the Tax Foundation in March 2011, was the second highest in the world behind only Japan (and Japan was planning on lowering their corporate tax rate).
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Reply: This is something we've looked at closely and the President has proposed a corporate tax reform framework that reduces the top rate to 28 percent (and 25 percent for manufacturing) and pays for it by closing corporate tax expenditures and loopholes.
If corporate tax rates fall, it will immediately increase corporate after-tax profits in the U.S., and this should make stocks more attractive to all investors.
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Most other countries either tax the profit at the corporate level and then dividends are tax free, or dividends are distributed tax free at the corporate level and then taxed at the usual individual income tax rates.
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He and other critics insist that there are more effective ways to stimulate investment: reducing the tax on corporate profits, increasing the tax credit that companies get on spending for new plant and equipment, and easing the tax on dividends.
See the Capital Gains tax, tax on corporate dividends, and the Death Tax.
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The very high mobility of corporate capital suggests that the corporate tax, although it sounds like a tax on the rich who own corporate stock, is actually a tax on workers.
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There will be, therefore, less capital invested inside the tax authority with the corporate tax than there would have been without it.
Washington State has no personal income tax, no corporate income tax (corporations pay on gross receipts only) and relatively low property and sales taxes.
After all, the Cayman Islands are a fiscal paradise, with no personal income tax, no corporate income tax, no capital gains tax, and no death tax.
The Civitas report evaluates the economic benefits from eliminating the personal income tax, the corporate income tax, and the franchise tax, all of which penalize businesses and hinder job creation.
It discusses the advantages and disadvantages of an array of policy options, like eliminating the alternative minimum tax, lowering the corporate tax rate, modifying capital gains taxation and eliminating tax expenditures.
Gingrich proposed as well to abolish the capital gains tax altogether, which is just an additional layer of taxation on capital income, in addition to the individual income tax, the corporate income tax, and the death tax.
If the corporate income tax is not repealed, the tax burden would be increased for many of the owners of businesses that pay corporate income tax, which would take assets from productive use in the business.
All of the countries above the US have a lower corporate income tax rate than the US. Thus the secret to happiness is to have a lower corporate income tax rate.
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He calls it the 9-9-9 Plan, which consists of a brand-new retail sales tax layered on top of a new-and-improved business transactions corporate tax (a substitute for the current corporate income and payroll taxes), in turn layered on top of a new-and-improved comprehensive factor income tax (a replacement for the current mishmash of individual income and payroll taxes).
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Hong Kong has no general income tax, only a salaries tax, a corporate-profits tax and its equivalent of a property tax.
We find that using a carbon tax to help pay for corporate tax reform has several attractions and one big drawback.
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Effective January 2013, Slovakia, with a 19% flat income tax system, raised its corporate tax rate to 23%, and introduced a second 25% tax bracket for higher personal incomes.
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