Corporate Tax Should be Lowered

What you state is easily dismissible. Instead of arguing the economic benefits, you argue political drawbacks. As of 2013, the United States has lead the world in Corporate Tax percentage, which is set at 39%. Our tax rate has not changed in a matter of 2 years, with regard to corporate tax. [1] On a ratio with our GDP, Corporate Taxes amount to 2% of our 18 trillion GDP, which amounts to $360 billion. While we pronounce ourselves to be the most Capitalist nation, we impose heavy taxation on both our businesses and general income. Incorporation in Canada, which is famous for it's high taxes and government spending in relation to population, is easier and cheaper than incorporation in the United States. Our corporate tax is not only a burden but it is also a deterrent to future companies. I myself am working for a company made by American citizens but incorporated in Canada, due to their lower tax rate and fees. The main debate on Capitalism is that we get to keep our profits, if accumulated legally. The profits of companies are accumulated legally, and they deserve to keep those profits, regardless of moral implication. The main argument that many opponents of a lowered Corporate Tax create is that we cannot afford to lower it, which we most certainly can. Instead of professing about an increase in tax or a stability, we should decrease spending on par with a decrease in taxes. An overall incentive to incorporate in the United States will not only create an excess of jobs, but it will bring in an incredible amount of money. It is much more beneficial to tax 15% to 100 people, rather than taxing 39% to 50 people, as eventually, that number will decrease. Our current ideology is that instead of lowering taxes and fees, we will raise them as to create further burdens on the corporations that remain. Rand Paul, a ideologically Libertarian Republican presidential candidate stated that we have an excess of $2 trillion overseas, that we could bring into the United States if we lowered the Corporate Tax. "My objection, then, is that it is not even clear that the public has any interest in incentivizing investment into the private sector." The public has no say as to whom may or may not invest into the private sector. It is not up to the collective decision of a public entity to dictate how and who invests into which specific private market. Most companies, such as Apple, Microsoft, Yahoo, and Google, have public stocks, which enable all willing parties to hold stocks in that specific company. The private sector rarely benefits from public education. Most private sector jobs require a higher level education, which is in most cases provided by a private university or college. You seem to believe that taxes are collected and then distributed randomly. Each tax pays of each part of the government or public platform. This debate does not center over the complete abolishment of Corporate Tax, but instead centers around lowering this specific tax. Due to safety in investing in the United States, paired with a significantly lower Corporate Tax, we could bring in a great amount of companies as well as private sector jobs, and eventually make even more money in taxes than before. Sources: [1]http://taxfoundation.org...