If raising corporate taxes makes sense,shouldn't we just raise them to 75% and abolish personal income taxes?

Question

I think I'm on to something. Raising corporation taxes is a good thing, right? Those evil corporations don't pay enough, right? Well, let's just raise corporate taxes higher and higher and higher and just do away with individual income taxes!! Doesn't that sound neato? All of us individuals would have a lot more spending money and there would be no negative consequences, right?

Answer 1

give obama a call u may be his vp

Answer 2

The simple fact is that we, the end users of the products, the ones purchasing them, are also the ones paying the Corporate taxes.

Add to that the added incentive to close more factories and send more jobs over seas, your suggestion would be a disaster.

Best solution is to remove all non-essential functions of Government (that's probably at least 40% of all federal employees and programs) and keep the taxes where they are.

Answer 3

It works in Delaware!

Well, at least with the sales tax.

Answer 4

Why only 75%?  100% is the answer, those evil corporations don't need any profits.

Answer 5

Because then they would go out of business and who would make all of the wonderful products that we enjoy.  

Answer 6

Since 75% of corporations do not pay any taxes raising them to 75% is useless. 75% of 0 is still 0!