Global corporate is quite proficient in eluding corporate taxes in the US. OTH small business is hit very hard.
http://news.sky.com/story/1006814/apple-paid-just-2-percent-tax-on-overseas-profits
http://topics.bloomberg.com/the-great-corporate-tax-dodge/
Correct. The corporate tax just exacerbates crony capitalism. The correct rate is zero.
Keep in mind that if we got rid of the corporate tax completely, the government won’t be able to manage churches, conservative organizations, etc.
This needs to be the major goal of the first year of a GOP Presidency and Congress.