That's because labor is not an expense to employees while It is to employers.Employers get a tax break for labor costs; Labor does not get a tax break for labor costs.Taxes reduce profits.
Right, but they don't eliminate profits. What you all have failed to articulate is how increased profits translate to increased demand, unless you apply trickle-down theory. So is that what you're doing?
Keep taxes high, and you just increase motivation to hide profits and shield them from taxation. It's as if pro-taxers never account for human behavior.
The average effective corporate tax rate in this country is about 12.4%. So it's already low. By contrast, the average effective individual tax rate is about 17.4%. So if corporations are people, shouldn't they pay taxes like people?
The average effective corporate tax rate in this country is about 12.4%.
But how could a company pay less than 35% on their net profit?
Please explain.