“If you don’t ask the right questions you may not get the right answers”
I like your tag line. It’s very true. :)
Thank you.
The corporate income tax is both an income tax (on shareholders) and a resale tax, as it is usually passed on to the consumers to recapture the profit margin, which makes the product or service less competitive against many foreign ones not subject to tax (or artificially imposed tariffs). The capital gains and estate taxes are, in essence, double or triple taxes on previously already taxed net earnings.
All three are unnecessary to begin with and, to boot, unnecessarily complex, which only makes compliance more expensive and time-consuming. Bad deal all the way around - for businesses, consumers and for the government which could get more or same revenue with less effort and expense from much simpler tax structure and code.