https://thyblackman.com/2014/03/19/yes-time-to-lower-corporate-tax-rate/ Black News 24/7 Online for the Black Community. Tue, 25 Mar 2014 00:18:28 +0000 hourly 1 https://wordpress.org/?v=7.0 https://thyblackman.com/2014/03/19/yes-time-to-lower-corporate-tax-rate/comment-page-1/#comment-76521 Tue, 25 Mar 2014 00:18:28 +0000 http://thyblackman.com/?p=46515#comment-76521 A very good argument can be made that maintaining a “tight” monetary system keeps interest rates low and in turn brings more value to the dollar. And while an infusion of money into our economy is a good thing, there needs to be safeguards set in place to prevent runaway inflation (which comes as a result of a weakly valued dollar.) What would you consider an acceptable rate on corporate taxes to be? Neither Ireland nor Bermuda deal with the same economies of scale that the United States does so I don’t think either of those are practical models to use.
I believe the tax code should better reward large corporations who reinvest their profits back into this country. These rewards should come in the form of tax credits instead of the heavy handed and punitive tax code they currently have to navigate.
Oh, and by the way, I believe that a tax rate of 10% is practical, affordable and beneficial.

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