One problem with that is that companies could create a ton of subsidiaries or shell companies and move money around in funny ways to keep all of them at the lowest bracket
Sure. Gimme a progressive tax rate across the board.
And index it against inflation. 😉
No better: to the cost of living index. That way if they pump prices up like they have in the last few years, they choke themselves with their own rope.
Awwww.... Raise it above the old 35% tax rate at least.
It's still a start, and something more likely to get though congress
49% is golden. But 28% is a start.
Staggered based upon gross income just like personal taxes.
Tiny businesses 5% Small businesses 25% Mid sized companies 50%. Mega-corporations wth billions - 95%
One problem with that is that companies could create a ton of subsidiaries or shell companies and move money around in funny ways to keep all of them at the lowest bracket
Sure. Gimme a progressive tax rate across the board.
And index it against inflation. 😉
No better: to the cost of living index. That way if they pump prices up like they have in the last few years, they choke themselves with their own rope.