Question

1. Many Democrats believe that the corporate tax rate should be higher. What is their argument?

2. Present an argument for corporate taxes to be higher or equal to the highest individual income tax rates.

3. Present an argument for corporate taxes to be lower than the average individual income tax rate?

please provide citations and please answer all 3 questions.

Answer 1

Corporate tax. Many Democrats believe that the Rate should be Higher." In My View Point democrates belives in More social wealfare & demorcatic Policy and hence they prefere to Progressive tax Policy that l.e. More taxes from wealthiest Individual and content lower taxes from lower Section of the socity. ber boot with this Mindsot they are there want Gout to Collect more taxes from Corporators so that they use that money to Jenerate Jobs, employment Various Social fatialities facilities, as the taxes Collected form. Corporate Indurstry is too Higher than Individuals Income tax. " Here is the an argument for Corporate taxes to be Higher or equal to the Highest Individual Income tax rates :- - (a) Corporate Indurstry is consuming More. Resource then an Individual and they are only Respor - nsible for paying more as Remitie Remedie. (6) Corporate tax is the main source of Renenue for Cout. So, that It Can Incure it into the Social. Gronomical development. (6) Many Companies which use Natural Resources such as Cool, Natural gas, oils etc. should be charged teore Surplus alorg with the Corporate tax for damaging the Natural Conditions of the earth,

An Argument for Corporate taxes to be lower than the average Individual Income tox route o (a) Reduring Corporate tax will Relif Customers as companies try's to attract Customers with lowering these Cost (6) lowering Corporate tax will give new entrance Company a chance to Marke Make their position in the Market (C) lowering Corporate tax will little Help in Boosting economy by invid Inviting on foreign Investor in the Country.