Should the U.S. raise or lower the tax rate for corporations?
The U.S. currently levies a 21% tax rate at the federal level and an average tax of 4% at the state and local level. The average corporate tax rate worldwide is 22.6%. Opponents of argue that raising the rate will discourage foreign investment and hurt the economy. Proponents argue that the profits corporations generate should be taxed just like citizen’s taxes.
Statistics are shown for this demographic
Response rates from 3.7k State Senate District 24 voters.
57% Raise |
28% Lower |
49% Raise |
22% Lower |
7% Keep current rates but eliminate deductions and loop holes |
5% Lower, but eliminate deductions and loop holes |
1% Remove taxes on corporations and tax shareholder dividends instead |
Trend of support over time for each answer from 3.7k State Senate District 24 voters.
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Trend of how important this issue is for 3.7k State Senate District 24 voters.
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Unique answers from State Senate District 24 voters whose views went beyond the provided options.
@8LYMN8Z4yrs4Y
Lower for small businesses, raise for big businesses, eliminate deductions, and loop holes
@95DR5292yrs2Y
Lower for both large multinational corporations and small businesses.
@8HJRBDY4yrs4Y
Lower as long as the money the company gets in tax backs gets used in the economy to create more jobs
@8HJQJ384yrs4Y
There should be an increase depending on the corporations current economic health.
@7LP98RN 3mos3MO
Update This Question
When you click the "Learn More" tab it claims that the corporate tax rate (federal) is 35% but the Trump tax cuts lowered this to 17%. That's an important distinction for people who answer this question that may not have much prior knowledge about the corporate tax rate. Also, the international average is in the low 20%.
@9B8JWDG2yrs2Y
Raise and if they try to leave make them stay by force
@9VJZZCG2mos2MO
Raise significantly for large corporations but lower for small businesses, and also eliminate loopholes and deductions.
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