My opinion on taxing corporate income varies with my mood.
When I’m in a fiery-libertarian phase, I want to abolish taxes on corporate income for the simple reason that all income taxes should be eliminated. Heck, I would also eliminate October 3 from the calendar because that’s the awful day in 1913 that the income tax was signed into low.
But when I’m going through a pragmatic-libertarian phase, I grudgingly accept that my fantasies won’t be realized and focus on incremental reform. And that means I want a simple and fair system like the flat tax, which is based on the principle that all income should be taxed, but only one time and at one low rate.
And that means corporate income should be taxed.
That being said, while it may be appropriate to tax corporate income, that does not mean the U.S. corporate income tax is ideal.
- The
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Utopia, you are standing in it! 
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