I’m beginning to think tax rates should be adjusted to cut down the deficits.
The percentage corporate tax rate for a tax year might be:
(the national debt as of the end of the last fiscal year-$10 trillion)/$1 trillion
If the national debt is $36.5 trillion, the corporate tax rate might be 26%.
If the debt increased by 10% for a fiscal year, the tax brackets would get lowered for deficit control purposes by 10%. If inflation was 4%, after inflation adjustment, the brackets would get lowered by 6%.
Corporate taxes should be eliminated. Corporations are made up individual shareholders - retirees, pensions, 401k, etc - who have to pay taxes a second time on the dividends and capital gains. The answer is to government to the functions defined in the Constitution.