---

Vordakk said:
I think one huge issue is that while America's corporate tax rate is one of the highest in the world(35%), there are so many loopholes that many businesses end up paying no taxes or even earning money from the IRS. Since many savvy millionaires know how to tie much of their wealth up in corporations, making it subject to these loopholes, they get away with paying little or no taxes. I think the corporate tax rate should be lowered, perhaps to 16% like in Canada, but these ridiculous loopholes should be eliminated.

Having said that, the tax rates for citizens in the millionaire bracket who don't make use of tricks or loopholes are high enough as is.

---