How to Increase Corporate Tax Revenue?

[Antonio the Sixth]

I would be totally OK with abolishing the corporate tax, in exchange for creating a universal income tax (on the basis of labor and capital income taken together) with highly progressive rates.

[Antonio the Sixth]

I would be totally OK with abolishing the corporate tax, in exchange for creating a universal income tax (on the basis of labor and capital income taken together) with highly progressive rates.

The rate you're talking about makes all the difference. Few would disagree with progressive effective rates, but if you want progressive statutory rates, you don't need to reform taxation. Just impose inequitable vindictive taxes against people you don't like. Easier to pass. No false pretense of reform.

jao